StockNews.com Begins Coverage on Martin Midstream Partners (NASDAQ:MMLP)

StockNews.com began coverage on shares of Martin Midstream Partners (NASDAQ:MMLP) in a research report issued to clients and investors on Monday. The firm set a “buy” rating on the pipeline company’s stock.

Martin Midstream Partners Trading Down 1.4 %

Shares of MMLP stock opened at $3.46 on Monday. The firm’s 50 day moving average is $3.76 and its 200 day moving average is $3.76. The stock has a market capitalization of $134.94 million, a P/E ratio of 34.60 and a beta of 2.12. Martin Midstream Partners has a 12 month low of $2.04 and a 12 month high of $4.13.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Martin Midstream Partners stock. De Lisle Partners LLP lifted its position in Martin Midstream Partners L.P. (NASDAQ:MMLP) by 13.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 260,833 shares of the pipeline company’s stock after buying an additional 30,000 shares during the quarter. De Lisle Partners LLP owned approximately 0.67% of Martin Midstream Partners worth $953,000 at the end of the most recent 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.