Martin Midstream Partners L.P. (NASDAQ:MMLP) Short Interest Down 26.5% in December

Martin Midstream Partners L.P. (NASDAQ:MMLP - Get Free Report) saw a large drop in short interest during the month of December. As of December 15th, there was short interest totalling 49,200 shares, a drop of 26.5% from the November 30th total of 66,900 shares. Based on an average daily volume of 101,800 shares, the short-interest ratio is currently 0.5 days. Approximately 0.2% of the shares of the company are short sold.

Martin Midstream Partners Price Performance

Shares of NASDAQ MMLP traded down $0.26 during trading hours on Friday, reaching $3.75. The stock had a trading volume of 466,084 shares, compared to its average volume of 84,008. The company has a market cap of $146.25 million, a price-to-earnings ratio of 37.50 and a beta of 2.10. Martin Midstream Partners has a twelve month low of $2.04 and a twelve month high of $4.13. The business's fifty day moving average is $3.98 and its two-hundred day moving average is $3.73.

Martin Midstream Partners (NASDAQ:MMLP - Get Free Report) last released its quarterly earnings data on Wednesday, October 16th. The pipeline company reported ($0.08) EPS for the quarter, missing analysts' consensus estimates of ($0.03) by ($0.05). The business had revenue of $170.93 million for the quarter, compared to the consensus estimate 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 period in the previous year, the business posted ($0.03) earnings per share. Sell-side analysts forecast that Martin Midstream Partners will post 0.16 earnings per share for the current fiscal year.

Martin Midstream Partners Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Thursday, November 7th were issued a dividend of $0.005 per share. This represents a $0.02 dividend on an annualized basis and a yield of 0.53%. The ex-dividend date was Thursday, November 7th. Martin Midstream Partners's payout ratio is 20.00%.

Hedge Funds Weigh In On Martin Midstream Partners

An institutional investor recently raised its position in Martin Midstream Partners stock. De Lisle Partners LLP raised its position in Martin Midstream Partners L.P. (NASDAQ:MMLP - Free Report) by 13.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 260,833 shares of the pipeline company's stock after buying an additional 30,000 shares during the period. De Lisle Partners LLP owned 0.67% of Martin Midstream Partners worth $953,000 as of its most recent SEC filing. 34.90% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on Martin Midstream Partners in a research note on Thursday. They set 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.