Equities research analysts at StockNews.com began coverage on shares of Martin Midstream Partners (NASDAQ:MMLP - Get Free Report) in a research report issued to clients and investors on Sunday. The firm set a "buy" rating on the pipeline company's stock.
Martin Midstream Partners Trading Up 0.1 %
Shares of Martin Midstream Partners stock traded up $0.00 on Friday, hitting $3.67. The stock had a trading volume of 26,302 shares, compared to its average volume of 95,298. The stock has a market cap of $143.49 million, a price-to-earnings ratio of -28.22 and a beta of 2.08. Martin Midstream Partners has a 52-week low of $2.36 and a 52-week high of $4.13. The company's 50 day moving average price is $3.59 and its 200 day moving average price is $3.75.
Martin Midstream Partners (NASDAQ:MMLP - Get Free Report) last announced its earnings results on Wednesday, February 12th. The pipeline company reported ($0.22) earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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%. Analysts predict that Martin Midstream Partners will post 0.15 EPS for the current fiscal year.
Institutional Inflows and Outflows
A number of institutional investors have recently modified their holdings of MMLP. Geode Capital Management LLC lifted its holdings in shares of Martin Midstream Partners by 24.9% during the fourth quarter. Geode Capital Management LLC now owns 29,894 shares of the pipeline company's stock worth $107,000 after purchasing an additional 5,966 shares during the period. US Bancorp DE acquired a new stake in shares of Martin Midstream Partners in the 4th quarter worth $32,000. Squarepoint Ops LLC purchased a new stake in shares of Martin Midstream Partners in the fourth quarter valued at about $36,000. CSS LLC IL acquired a new position in shares of Martin Midstream Partners during the fourth quarter worth about $100,000. Finally, De Lisle Partners LLP raised its holdings 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 purchasing an additional 30,000 shares in the last quarter. Institutional investors and hedge funds 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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