Martin Midstream Partners (NASDAQ:MMLP) Coverage Initiated by Analysts at StockNews.com

StockNews.com assumed coverage on shares of Martin Midstream Partners (NASDAQ:MMLP) in a report released on Tuesday. The firm set a “buy” rating on the pipeline company’s stock.

Martin Midstream Partners Stock Up 2.8 %

Martin Midstream Partners stock opened at $3.68 on Tuesday. The firm has a 50 day moving average price of $3.72 and a 200-day moving average price of $3.76. Martin Midstream Partners has a twelve month low of $2.10 and a twelve month high of $4.13. The company has a market capitalization of $143.52 million, a P/E ratio of 36.80 and a beta of 2.10.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Martin Midstream Partners stock. De Lisle Partners LLP raised its holdings in shares of Martin Midstream Partners L.P. (NASDAQ:MMLP) by 13.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 260,833 shares of the pipeline company’s stock after purchasing an additional 30,000 shares during the quarter. De Lisle Partners LLP owned approximately 0.67% of Martin Midstream Partners worth $953,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors own 34.90% of the company’s stock.

About Martin Midstream Partners

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.