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

StockNews.com started coverage on shares of Martin Midstream Partners (NASDAQ:MMLP) in a research report released on Thursday. The firm issued a buy rating on the pipeline company’s stock.

Martin Midstream Partners Price Performance

Martin Midstream Partners stock opened at $3.62 on Thursday. Martin Midstream Partners has a 12 month low of $2.28 and a 12 month high of $4.13. The stock has a fifty day simple moving average of $3.63 and a two-hundred day simple moving average of $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 return on equity of 6.93% and a negative net margin of 0.73%. Analysts expect that Martin Midstream Partners will post 0.15 earnings per share for the current fiscal year.

Martin Midstream Partners Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, February 7th were given 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 dividend payout ratio (DPR) is -15.38%.

Institutional Investors Weigh In On Martin Midstream Partners

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. US Bancorp DE bought a new position in shares of Martin Midstream Partners during the 4th quarter valued at $32,000. Squarepoint Ops LLC purchased a new stake in Martin Midstream Partners during the fourth quarter valued at $36,000. CSS LLC IL purchased a new stake in Martin Midstream Partners during the fourth quarter valued at $100,000. Geode Capital Management LLC lifted its holdings in 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 in the fourth quarter worth about $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.