Shares of Martin Midstream Partners L.P. (NASDAQ:MMLP - Get Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $3.75 and traded as high as $3.75. Martin Midstream Partners shares last traded at $3.65, with a volume of 76,624 shares trading hands.
Wall Street Analyst Weigh In
Separately, StockNews.com began coverage on Martin Midstream Partners in a research report on Saturday. They issued a "buy" rating for the company.
Get Our Latest Stock Report on MMLP
Martin Midstream Partners Stock Up 2.5 %
The stock has a market cap of $145.28 million, a price-to-earnings ratio of -28.61 and a beta of 2.08. The business's fifty day moving average is $3.55 and its two-hundred day moving average is $3.75.
Martin Midstream Partners (NASDAQ:MMLP - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The pipeline company reported ($0.22) earnings per share 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%. As a group, sell-side analysts expect that Martin Midstream Partners L.P. will post 0.15 earnings per share for the current year.
Martin Midstream Partners Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 7th were given a $0.005 dividend. This represents a $0.02 dividend on an annualized basis and a yield of 0.54%. The ex-dividend date was Friday, February 7th. Martin Midstream Partners's dividend payout ratio is currently -15.38%.
Hedge Funds Weigh In On Martin Midstream Partners
A number of institutional investors and hedge funds have recently made changes to their positions in MMLP. US Bancorp DE acquired a new position in Martin Midstream Partners during the 4th quarter worth approximately $32,000. Squarepoint Ops LLC purchased a new position in Martin Midstream Partners in the fourth quarter valued at $36,000. CSS LLC IL acquired a new stake in Martin Midstream Partners in the fourth quarter valued at $100,000. Geode Capital Management LLC lifted its holdings in 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 buying an additional 5,966 shares during the last quarter. Finally, AGP Franklin LLC acquired a new position in shares of Martin Midstream Partners during the 4th quarter worth about $111,000. 34.90% of the stock is owned by institutional investors and hedge funds.
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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