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

StockNews.com initiated coverage on shares of Martin Midstream Partners (NASDAQ:MMLP) in a research note released on Saturday morning. The brokerage issued a buy rating on the pipeline company’s stock.

Martin Midstream Partners Stock Up 0.3 %

NASDAQ:MMLP opened at $3.65 on Friday. Martin Midstream Partners has a 12-month low of $2.36 and a 12-month high of $4.13. The firm has a market capitalization of $142.55 million, a PE ratio of -28.07 and a beta of 2.08. The firm has a 50-day moving average price of $3.55 and a 200 day moving average price of $3.75.

Martin Midstream Partners (NASDAQ:MMLP) last issued its quarterly earnings data on Wednesday, February 12th. The pipeline company reported ($0.22) earnings per share 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%. On average, research analysts expect that Martin Midstream Partners will post 0.15 EPS for the current year.

Martin Midstream Partners Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 7th were paid a dividend of $0.005 per share. The ex-dividend date was Friday, February 7th. This represents a $0.02 annualized dividend and a yield of 0.55%. Martin Midstream Partners’s dividend payout ratio is -15.38%.

Institutional Trading of Martin Midstream Partners

Several large investors have recently added to or reduced their stakes in MMLP. De Lisle Partners LLP grew its stake in Martin Midstream Partners by 13.0% during the third quarter. De Lisle Partners LLP now owns 260,833 shares of the pipeline company’s stock worth $953,000 after buying an additional 30,000 shares during the last quarter. US Bancorp DE bought a new stake in Martin Midstream Partners during the fourth quarter worth about $32,000. Raymond James Financial Inc. bought a new stake in Martin Midstream Partners during the fourth quarter worth about $124,000. JPMorgan Chase & Co. grew its stake in Martin Midstream Partners by 24.4% during the fourth quarter. JPMorgan Chase & Co. now owns 713,930 shares of the pipeline company’s stock worth $2,563,000 after buying an additional 140,196 shares during the last quarter. Finally, Gardner Lewis Asset Management L P bought a new stake in shares of Martin Midstream Partners during the fourth quarter valued at approximately $824,000. 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.