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

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

Martin Midstream Partners Trading Down 1.1 %

Shares of MMLP stock traded down $0.04 during trading hours on Thursday, hitting $3.58. 78,747 shares of the company's stock were exchanged, compared to its average volume of 80,407. The company has a market capitalization of $139.62 million, a PE ratio of -27.54 and a beta of 2.10. Martin Midstream Partners has a 12-month low of $2.28 and a 12-month high of $4.13. The business's 50 day simple moving average is $3.62 and its 200-day simple moving average is $3.75.

Martin Midstream Partners (NASDAQ:MMLP - Get Free Report) last posted its quarterly 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 return on equity of 6.93% and a negative net margin of 0.73%. Equities analysts anticipate that Martin Midstream Partners will post 0.15 EPS for the current year.

Martin Midstream Partners Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, February 7th were issued a dividend of $0.005 per share. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.56%. The ex-dividend date of this dividend was Friday, February 7th. Martin Midstream Partners's dividend payout ratio (DPR) is presently -15.38%.

Hedge Funds Weigh In On Martin Midstream Partners

Large investors have recently made changes to their positions in the business. Toronto Dominion Bank bought a new position in Martin Midstream Partners in the 4th quarter worth about $233,000. CSS LLC IL bought a new stake in shares of Martin Midstream Partners during the fourth quarter valued at approximately $100,000. Squarepoint Ops LLC purchased a new position in Martin Midstream Partners in the 4th quarter worth approximately $36,000. Nomura Holdings Inc. bought a new position in Martin Midstream Partners in the 4th quarter valued at approximately $3,360,000. Finally, Bank of America Corp DE boosted its stake in Martin Midstream Partners by 922.4% during the 4th quarter. Bank of America Corp DE now owns 40,232 shares of the pipeline company's stock valued at $144,000 after purchasing an additional 36,297 shares during the last quarter. 34.90% of the stock is currently owned by hedge funds and other institutional investors.

About Martin Midstream Partners

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.