Martin Midstream Partners (NASDAQ:MMLP) Now Covered by StockNews.com

StockNews.com began coverage on shares of Martin Midstream Partners (NASDAQ:MMLP) in a research note published on Saturday. The brokerage issued a buy rating on the pipeline company’s stock.

Martin Midstream Partners Trading Down 0.5 %

Shares of MMLP stock opened at $3.97 on Friday. Martin Midstream Partners has a twelve month low of $2.04 and a twelve month high of $4.13. The stock has a fifty day simple moving average of $3.84 and a two-hundred day simple moving average of $3.54. The stock has a market capitalization of $154.83 million, a price-to-earnings ratio of 39.70 and a beta of 2.10.

Martin Midstream Partners (NASDAQ:MMLP) last released its quarterly earnings data on Wednesday, October 16th. The pipeline company reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.05). The business had revenue of $170.93 million during the quarter, compared to analysts’ expectations of $176.43 million. Martin Midstream Partners had a negative return on equity of 6.93% and a net margin of 0.59%. During the same period last year, the company earned ($0.03) earnings per share. Research analysts predict that Martin Midstream Partners will post 0.16 EPS for the current fiscal year.

Martin Midstream Partners Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Thursday, November 7th were paid a $0.005 dividend. This represents a $0.02 dividend on an annualized basis and a yield of 0.50%. The ex-dividend date of this dividend was Thursday, November 7th. Martin Midstream Partners’s dividend payout ratio (DPR) is 20.00%.

Institutional Trading of Martin Midstream Partners

Several hedge funds and other institutional investors have recently bought and sold shares of MMLP. Acadian Asset Management LLC bought a new position in shares of Martin Midstream Partners in the 1st quarter worth $50,000. Virtu Financial LLC purchased a new stake in shares of Martin Midstream Partners during the first quarter valued at about $55,000. Finally, De Lisle Partners LLP boosted its holdings in shares of Martin Midstream Partners by 13.0% in the 3rd quarter. De Lisle Partners LLP now owns 260,833 shares of the pipeline company’s stock valued at $953,000 after buying an additional 30,000 shares in the last quarter. Institutional investors own 34.90% of the company’s stock.

Martin Midstream Partners Company Profile

Martin Midstream Partners L.P., together with its subsidiaries, provides terminalling, processing, storage, and packaging services for petroleum products and by-products primarily in the United States. The company operates in four segments: Terminalling and Storage, Transportation, Sulfur Services, and Specialty Products.