StockNews.com assumed coverage on shares of Martin Midstream Partners (NASDAQ:MMLP - Free Report) in a report released on Sunday. The brokerage issued a buy rating on the pipeline company's stock.
Martin Midstream Partners Stock Performance
Shares of Martin Midstream Partners stock traded down $0.02 during trading on Friday, hitting $3.97. The company's stock had a trading volume of 82,672 shares, compared to its average volume of 99,455. Martin Midstream Partners has a 52 week low of $2.04 and a 52 week high of $4.13. The company has a market capitalization of $154.83 million, a PE ratio of 39.70 and a beta of 2.10. The company has a fifty day simple moving average of $3.88 and a two-hundred day simple moving average of $3.57.
Martin Midstream Partners (NASDAQ:MMLP - Get Free Report) last released its quarterly earnings results on Wednesday, October 16th. The pipeline company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.05). The company had revenue of $170.93 million for the quarter, compared to the consensus estimate of $176.43 million. Martin Midstream Partners had a net margin of 0.59% and a negative return on equity of 6.93%. During the same period in the prior year, the firm posted ($0.03) EPS. As a group, analysts predict that Martin Midstream Partners will post 0.16 EPS for the current year.
Martin Midstream Partners Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Investors 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 dividend yield of 0.50%. The ex-dividend date of this dividend was Thursday, November 7th. Martin Midstream Partners's dividend payout ratio (DPR) is 20.00%.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of MMLP. Acadian Asset Management LLC purchased a new position in shares of Martin Midstream Partners in the first quarter valued at $50,000. Virtu Financial LLC bought a new stake in shares of Martin Midstream Partners during the 1st quarter valued at $55,000. Finally, De Lisle Partners LLP grew its stake in shares of 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 buying an additional 30,000 shares during the last quarter. Hedge funds and other institutional investors own 34.90% of the company's stock.
About Martin Midstream Partners
(
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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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