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 report released on Thursday morning. The brokerage issued a buy rating on the pipeline company’s stock.

Martin Midstream Partners Price Performance

Shares of NASDAQ:MMLP opened at $3.75 on Thursday. The stock has a market capitalization of $146.25 million, a price-to-earnings ratio of 37.50 and a beta of 2.10. The business’s fifty day moving average price is $3.98 and its two-hundred day moving average price is $3.73. 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 announced its earnings results on Wednesday, October 16th. The pipeline company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.05). The firm had revenue of $170.93 million for the quarter, compared to analyst estimates of $176.43 million. Martin Midstream Partners had a negative return on equity of 6.93% and a net margin of 0.59%. During the same quarter last year, the business earned ($0.03) EPS. Research analysts expect that Martin Midstream Partners will post 0.16 EPS for the current fiscal year.

Martin Midstream Partners Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Thursday, November 7th were paid a dividend of $0.005 per share. This represents a $0.02 annualized dividend and a dividend yield of 0.53%. The ex-dividend date of this dividend was Thursday, November 7th. Martin Midstream Partners’s dividend payout ratio (DPR) is presently 20.00%.

Institutional Trading of Martin Midstream Partners

A hedge fund recently raised its stake in Martin Midstream Partners stock. De Lisle Partners LLP lifted its holdings in shares of Martin Midstream Partners L.P. (NASDAQ:MMLP) by 13.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm 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 about 0.67% of Martin Midstream Partners worth $953,000 at the end of the most recent quarter. 34.90% of the stock is owned by hedge funds and other 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.