StockNews.com began coverage on shares of Martin Midstream Partners (NASDAQ:MMLP - Free Report) in a research report released on Tuesday morning. The firm issued a buy rating on the pipeline company's stock.
Martin Midstream Partners Price Performance
Shares of MMLP traded down $0.01 during mid-day trading on Tuesday, hitting $3.99. The company's stock had a trading volume of 63,043 shares, compared to its average volume of 79,572. Martin Midstream Partners has a fifty-two week low of $2.04 and a fifty-two week high of $4.13. The stock has a market capitalization of $155.61 million, a price-to-earnings ratio of 39.90 and a beta of 2.10. The firm has a 50-day moving average price of $3.97 and a 200 day moving average price of $3.66.
Martin Midstream Partners (NASDAQ:MMLP - Get Free Report) last announced its quarterly earnings data on Wednesday, October 16th. The pipeline company reported ($0.08) EPS for the quarter, missing analysts' consensus estimates of ($0.03) by ($0.05). The company had revenue of $170.93 million for the quarter, compared to analyst estimates 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 quarter last year, the company posted ($0.03) EPS. As a group, equities analysts anticipate that Martin Midstream Partners will post 0.16 EPS for the current fiscal year.
Martin Midstream Partners Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Thursday, November 7th were paid a $0.005 dividend. This represents a $0.02 dividend on an annualized basis and a yield of 0.50%. The ex-dividend date was Thursday, November 7th. Martin Midstream Partners's dividend payout ratio is 20.00%.
Institutional Trading of Martin Midstream Partners
An institutional investor recently raised its position in Martin Midstream Partners stock. De Lisle Partners LLP increased its stake in shares of Martin Midstream Partners L.P. (NASDAQ:MMLP - Free Report) by 13.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 260,833 shares of the pipeline company's stock after purchasing an additional 30,000 shares during the quarter. De Lisle Partners LLP owned approximately 0.67% of Martin Midstream Partners worth $953,000 as of its most recent filing with the SEC. Institutional investors own 34.90% of the company's stock.
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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