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

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

Martin Midstream Partners Stock Performance

Shares of Martin Midstream Partners stock traded down $0.01 during trading on Wednesday, hitting $3.98. 45,738 shares of the stock were exchanged, compared to its average volume of 77,876. Martin Midstream Partners has a 12 month low of $2.04 and a 12 month high of $4.13. The stock's fifty day moving average is $3.71 and its 200 day moving average is $3.38. The stock has a market cap of $155.22 million, a PE ratio of 44.22 and a beta of 2.12.

Martin Midstream Partners (NASDAQ:MMLP - Get Free Report) last issued its quarterly earnings data on Wednesday, October 16th. The pipeline company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.03) by ($0.05). Martin Midstream Partners had a negative return on equity of 10.46% and a net margin of 0.90%. The business had revenue of $170.93 million during the quarter, compared to the consensus estimate of $176.43 million. During the same period last year, the company earned ($0.03) earnings per share. Sell-side analysts anticipate that Martin Midstream Partners will post 0.13 EPS for the current fiscal year.

Martin Midstream Partners Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 14th. Stockholders of record on Thursday, November 7th will be issued a $0.005 dividend. The ex-dividend date is Thursday, November 7th. This represents a $0.02 annualized dividend and a dividend yield of 0.50%. Martin Midstream Partners's dividend payout ratio (DPR) is 22.22%.

Institutional Investors Weigh In On Martin Midstream Partners

An institutional investor recently bought a new position in Martin Midstream Partners stock. Virtu Financial LLC bought a new position in shares of Martin Midstream Partners L.P. (NASDAQ:MMLP - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 21,342 shares of the pipeline company's stock, valued at approximately $55,000. Virtu Financial LLC owned approximately 0.05% of Martin Midstream Partners as of its most recent filing with the Securities and Exchange Commission (SEC). 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.