Martin Midstream Partners L.P. (NASDAQ:MMLP - Get Free Report) shares passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $3.75 and traded as high as $3.75. Martin Midstream Partners shares last traded at $3.66, with a volume of 88,888 shares changing hands.
Analyst Ratings Changes
Separately, StockNews.com assumed coverage on shares of Martin Midstream Partners in a research report on Friday. They set a "buy" rating on the stock.
View Our Latest Stock Report on MMLP
Martin Midstream Partners Trading Down 2.7 %
The firm has a market cap of $142.55 million, a PE ratio of -28.07 and a beta of 2.10. The company has a 50 day moving average price of $3.58 and a 200 day moving average price of $3.75.
Martin Midstream Partners (NASDAQ:MMLP - Get Free Report) last posted its earnings results on Wednesday, February 12th. The pipeline company reported ($0.22) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.25). Martin Midstream Partners had a negative net margin of 0.73% and a negative return on equity of 6.93%. As a group, equities research analysts anticipate that Martin Midstream Partners L.P. will post 0.15 earnings per share for the current fiscal year.
Martin Midstream Partners Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 7th were issued a dividend of $0.005 per share. The ex-dividend date of this dividend was Friday, February 7th. This represents a $0.02 annualized dividend and a yield of 0.55%. Martin Midstream Partners's dividend payout ratio (DPR) is currently -15.38%.
Institutional Trading of Martin Midstream Partners
Several institutional investors and hedge funds have recently modified their holdings of the business. Geode Capital Management LLC raised its position in shares of Martin Midstream Partners by 24.9% during the 4th 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 last quarter. US Bancorp DE purchased a new position in Martin Midstream Partners during the fourth quarter worth $32,000. Squarepoint Ops LLC acquired a new position in shares of Martin Midstream Partners in the fourth quarter worth $36,000. CSS LLC IL purchased a new stake in shares of Martin Midstream Partners in the fourth quarter valued at $100,000. Finally, De Lisle Partners LLP lifted its position 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 valued at $953,000 after acquiring an additional 30,000 shares in the last quarter. Hedge funds and other institutional investors own 34.90% of the company's stock.
Martin Midstream Partners Company Profile
(
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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