Martin Midstream Partners (NASDAQ:MMLP) Research Coverage Started at StockNews.com

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

Martin Midstream Partners Price Performance

Shares of NASDAQ MMLP opened at $4.00 on Friday. The business has a fifty day moving average price of $3.84 and a two-hundred day moving average price of $3.54. The stock has a market capitalization of $156 million, a PE ratio of 40.00 and a beta of 2.10. Martin Midstream Partners has a fifty-two week low of $2.04 and a fifty-two week high of $4.13.

Martin Midstream Partners (NASDAQ:MMLP) last posted its quarterly earnings results on Wednesday, October 16th. The pipeline company reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.05). Martin Midstream Partners had a net margin of 0.59% and a negative return on equity of 6.93%. The company had revenue of $170.93 million during the quarter, compared to analyst estimates of $176.43 million. During the same period last year, the firm earned ($0.03) EPS. On average, equities analysts expect that Martin Midstream Partners will post 0.16 EPS for the current year.

Martin Midstream Partners Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Thursday, November 7th were given a dividend of $0.005 per share. The ex-dividend date was Thursday, November 7th. This represents a $0.02 annualized dividend and a dividend yield of 0.50%. Martin Midstream Partners’s dividend payout ratio is 20.00%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. 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 purchasing an additional 30,000 shares in the last quarter. Virtu Financial LLC acquired a new position in shares of Martin Midstream Partners during the 1st quarter worth $55,000. Finally, Acadian Asset Management LLC bought a new stake in shares of Martin Midstream Partners during the 1st quarter worth $50,000. 34.90% of the stock is owned by institutional investors.

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.