Martin Midstream Partners (NASDAQ:MMLP) Now Covered by StockNews.com

StockNews.com started coverage on shares of Martin Midstream Partners (NASDAQ:MMLP - Free Report) in a report issued on Friday morning. The firm issued a buy rating on the pipeline company's stock.

Martin Midstream Partners Stock Up 1.6 %

Shares of NASDAQ MMLP traded up $0.05 during midday trading on Friday, reaching $2.89. The company had a trading volume of 119,952 shares, compared to its average volume of 98,524. The stock has a market cap of $112.67 million, a PE ratio of -22.19 and a beta of 1.75. The firm's fifty day moving average price is $3.33 and its 200-day moving average price is $3.63. Martin Midstream Partners has a one year low of $2.55 and a one year high of $4.13.

Martin Midstream Partners (NASDAQ:MMLP - Get Free Report) last released its quarterly earnings data on Wednesday, April 16th. The pipeline company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.03). The business had revenue of $192.54 million during the quarter, compared to the consensus estimate of $187.13 million. Martin Midstream Partners had a negative return on equity of 6.93% and a negative net margin of 0.73%. During the same quarter in the previous year, the business posted $0.08 earnings per share. As a group, equities research analysts expect that Martin Midstream Partners will post 0.15 EPS for the current year.

Martin Midstream Partners Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 8th will be given a dividend of $0.005 per share. This represents a $0.02 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date is Thursday, May 8th. Martin Midstream Partners's dividend payout ratio (DPR) is -8.33%.

Hedge Funds Weigh In On Martin Midstream Partners

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Tiptree Advisors LLC acquired a new position in shares of Martin Midstream Partners during the fourth quarter valued at approximately $524,000. Toronto Dominion Bank acquired a new position in Martin Midstream Partners during the 4th quarter worth $233,000. CSS LLC IL acquired a new stake in shares of Martin Midstream Partners in the 4th quarter valued at $100,000. Squarepoint Ops LLC acquired a new stake in Martin Midstream Partners during the fourth quarter worth approximately $36,000. Finally, Nomura Holdings Inc. acquired a new position in Martin Midstream Partners in the fourth quarter valued at $3,360,000. Hedge funds and other 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.