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 report sent to investors on Monday. The brokerage issued a buy rating on the pipeline company’s stock.

Martin Midstream Partners Stock Down 1.1 %

Shares of MMLP opened at $3.66 on Monday. Martin Midstream Partners has a 52-week low of $2.36 and a 52-week high of $4.13. The firm has a market capitalization of $142.94 million, a PE ratio of -28.15 and a beta of 2.08. The firm has a 50-day moving average price of $3.63 and a 200 day moving average price of $3.76.

Martin Midstream Partners (NASDAQ:MMLP) last released its earnings results on Wednesday, February 12th. The pipeline company reported ($0.22) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.25). Martin Midstream Partners had a negative return on equity of 6.93% and a negative net margin of 0.73%. On average, equities analysts expect that Martin Midstream Partners will post 0.15 EPS for the current year.

Martin Midstream Partners Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 7th were issued a dividend of $0.005 per share. The ex-dividend date was Friday, February 7th. This represents a $0.02 annualized dividend and a yield of 0.55%. Martin Midstream Partners’s payout ratio is presently -15.38%.

Institutional Investors Weigh In On Martin Midstream Partners

Hedge funds have recently made changes to their positions in the company. Geode Capital Management LLC increased its holdings in shares of Martin Midstream Partners by 24.9% in the 4th quarter. Geode Capital Management LLC now owns 29,894 shares of the pipeline company’s stock valued at $107,000 after purchasing an additional 5,966 shares during the period. US Bancorp DE acquired a new stake in shares of Martin Midstream Partners in the fourth quarter worth about $32,000. Squarepoint Ops LLC bought a new stake in Martin Midstream Partners during the fourth quarter worth approximately $36,000. CSS LLC IL bought a new stake in shares of Martin Midstream Partners during the 4th quarter worth $100,000. Finally, De Lisle Partners LLP grew its position in shares of Martin Midstream Partners by 13.0% in the third quarter. De Lisle Partners LLP now owns 260,833 shares of the pipeline company’s stock valued at $953,000 after purchasing an additional 30,000 shares during the last quarter. Hedge funds and other 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.