StockNews.com assumed coverage on shares of Martin Midstream Partners (NASDAQ:MMLP - Free Report) in a research note released on Monday. The firm issued a buy rating on the pipeline company's stock.
Martin Midstream Partners Trading Up 0.3 %
Shares of MMLP stock traded up $0.01 during trading hours on Monday, reaching $3.99. The stock had a trading volume of 51,860 shares, compared to its average volume of 79,422. The stock's fifty day simple moving average is $3.92 and its 200 day simple moving average is $3.62. The firm has a market capitalization of $155.61 million, a PE ratio of 39.90 and a beta of 2.10. Martin Midstream Partners has a 12 month low of $2.04 and a 12 month high of $4.13.
Martin Midstream Partners (NASDAQ:MMLP - Get Free Report) last issued its quarterly earnings data on Wednesday, October 16th. The pipeline company reported ($0.08) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.05). Martin Midstream Partners had a negative return on equity of 6.93% and a net margin of 0.59%. The business had revenue of $170.93 million for the quarter, compared to analysts' expectations of $176.43 million. During the same period in the previous year, the firm posted ($0.03) EPS. As a group, equities research analysts anticipate that Martin Midstream Partners will post 0.16 EPS for the current fiscal year.
Martin Midstream Partners Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Thursday, November 7th were paid a $0.005 dividend. This represents a $0.02 annualized dividend and a yield of 0.50%. The ex-dividend date of this dividend was Thursday, November 7th. Martin Midstream Partners's dividend payout ratio is currently 20.00%.
Institutional Trading of Martin Midstream Partners
An institutional investor recently bought a new position in Martin Midstream Partners stock. Virtu Financial LLC purchased a new position in Martin Midstream Partners L.P. (NASDAQ:MMLP - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 21,342 shares of the pipeline company's stock, valued at approximately $55,000. Virtu Financial LLC owned 0.05% of Martin Midstream Partners as of its most recent SEC filing. Hedge funds and other institutional investors own 34.90% of the company's stock.
About Martin Midstream Partners
(
Get Free Report)
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.
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