StockNews.com Begins Coverage on Martin Midstream Partners (NASDAQ:MMLP)

StockNews.com initiated coverage on shares of Martin Midstream Partners (NASDAQ:MMLP - Free Report) in a research note published on Monday morning. The brokerage issued a buy rating on the pipeline company's stock.

Martin Midstream Partners Price Performance

Shares of MMLP stock traded up $0.01 during trading on Monday, reaching $3.67. The company had a trading volume of 47,948 shares, compared to its average volume of 96,212. The firm's 50 day simple moving average is $3.63 and its two-hundred day simple moving average is $3.76. Martin Midstream Partners has a one year low of $2.36 and a one year high of $4.13. The company has a market capitalization of $143.29 million, a PE ratio of -28.19 and a beta of 2.08.

Martin Midstream Partners (NASDAQ:MMLP - Get Free Report) last issued its quarterly earnings results on Wednesday, February 12th. The pipeline company reported ($0.22) EPS for the quarter, missing the consensus estimate 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 forecast that Martin Midstream Partners will post 0.15 earnings per share for the current year.

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Martin Midstream Partners Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, February 7th were paid a $0.005 dividend. The ex-dividend date of this dividend was Friday, February 7th. This represents a $0.02 annualized dividend and a dividend yield of 0.55%. Martin Midstream Partners's dividend payout ratio is currently -15.38%.

Institutional Investors Weigh In On Martin Midstream Partners

Large investors have recently made changes to their positions in the company. US Bancorp DE bought a new stake in shares of Martin Midstream Partners during the fourth quarter worth $32,000. De Lisle Partners LLP increased its holdings 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 worth $953,000 after acquiring an additional 30,000 shares in the last quarter. Tiptree Advisors LLC bought a new position in Martin Midstream Partners in the fourth quarter valued at approximately $524,000. Toronto Dominion Bank acquired a new stake in shares of Martin Midstream Partners in the 4th quarter valued at about $233,000. Finally, CSS LLC IL bought a new stake in shares of Martin Midstream Partners in the fourth quarter worth $100,000. Institutional investors own 34.90% of the company's stock.

Martin Midstream Partners Company Profile

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.