Gardner Lewis Asset Management L P Acquires Shares of 229,659 Martin Midstream Partners L.P. (NASDAQ:MMLP)

Gardner Lewis Asset Management L P acquired a new stake in Martin Midstream Partners L.P. (NASDAQ:MMLP - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 229,659 shares of the pipeline company's stock, valued at approximately $824,000. Gardner Lewis Asset Management L P owned 0.59% of Martin Midstream Partners as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in MMLP. JPMorgan Chase & Co. lifted its holdings in Martin Midstream Partners by 24.4% during the 4th 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 in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Martin Midstream Partners during the fourth quarter worth $124,000. De Lisle Partners LLP raised its stake in shares of Martin Midstream Partners by 13.0% in the third quarter. De Lisle Partners LLP now owns 260,833 shares of the pipeline company's stock valued at $953,000 after acquiring an additional 30,000 shares in the last quarter. Finally, US Bancorp DE purchased a new position in Martin Midstream Partners in the fourth quarter valued at $32,000. Institutional investors and hedge funds own 34.90% of the company's stock.

Martin Midstream Partners Stock Down 1.0 %

NASDAQ MMLP traded down $0.04 on Tuesday, hitting $3.56. 16,247 shares of the stock were exchanged, compared to its average volume of 99,666. Martin Midstream Partners L.P. has a fifty-two week low of $2.36 and a fifty-two week high of $4.13. The company has a 50-day moving average price of $3.63 and a 200-day moving average price of $3.76. The company has a market cap of $139.19 million, a PE ratio of -27.41 and a beta of 2.08.

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Martin Midstream Partners (NASDAQ:MMLP - Get Free Report) last announced its earnings results on Wednesday, February 12th. The pipeline company reported ($0.22) EPS for the quarter, missing analysts' consensus estimates 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 research analysts predict that Martin Midstream Partners L.P. will post 0.15 EPS for the current fiscal year.

Martin Midstream Partners Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, February 7th were issued a $0.005 dividend. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.56%. The ex-dividend date of this dividend was Friday, February 7th. Martin Midstream Partners's payout ratio is currently -15.38%.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on Martin Midstream Partners in a research report on Tuesday. They issued a "buy" rating on the 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.