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

StockNews.com assumed 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 Price Performance

Shares of NASDAQ MMLP opened at $3.63 on Friday. The stock has a market capitalization of $141.77 million, a PE ratio of -27.92 and a beta of 2.08. Martin Midstream Partners has a one year low of $2.36 and a one year high of $4.13. The business’s fifty day moving average price is $3.55 and its 200-day moving average price is $3.75.

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

Martin Midstream Partners Announces Dividend

The firm also recently announced 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 of this dividend was Friday, February 7th. This represents a $0.02 dividend on an annualized basis and a yield of 0.55%. Martin Midstream Partners’s payout ratio is -15.38%.

Institutional Investors Weigh In On Martin Midstream Partners

Institutional investors have recently made changes to their positions in the stock. US Bancorp DE bought a new stake in shares of Martin Midstream Partners during the 4th quarter valued at $32,000. Squarepoint Ops LLC bought a new stake in shares of Martin Midstream Partners during the fourth quarter valued at about $36,000. CSS LLC IL purchased a new stake in shares of Martin Midstream Partners in the fourth quarter worth about $100,000. Geode Capital Management LLC boosted its position in shares of Martin Midstream Partners by 24.9% in the fourth quarter. Geode Capital Management LLC now owns 29,894 shares of the pipeline company’s stock valued at $107,000 after acquiring an additional 5,966 shares during the period. Finally, AGP Franklin LLC purchased a new position in Martin Midstream Partners during the fourth quarter valued at approximately $111,000. 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.