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

StockNews.com assumed coverage on shares of Martin Midstream Partners (NASDAQ:MMLP) in a report published on Monday. The firm issued a buy rating on the pipeline company’s stock.

Martin Midstream Partners Stock Performance

Shares of MMLP opened at $3.99 on Monday. Martin Midstream Partners has a 52 week low of $2.04 and a 52 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 stock has a fifty day moving average of $3.94 and a 200-day moving average of $3.64.

Martin Midstream Partners (NASDAQ:MMLP) last announced its quarterly earnings results on Wednesday, October 16th. The pipeline company reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.05). Martin Midstream Partners had a net margin of 0.59% and a negative return on equity of 6.93%. The firm had revenue of $170.93 million during the quarter, compared to the consensus estimate of $176.43 million. During the same quarter in the previous year, the company posted ($0.03) earnings per share. As a group, equities analysts forecast that Martin Midstream Partners will post 0.16 EPS for the current year.

Martin Midstream Partners Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Thursday, November 7th were given a dividend of $0.005 per share. This represents a $0.02 annualized dividend and a yield of 0.50%. The ex-dividend date of this dividend was Thursday, November 7th. Martin Midstream Partners’s dividend payout ratio is currently 20.00%.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Martin Midstream Partners stock. De Lisle Partners LLP raised its stake in shares of Martin Midstream Partners L.P. (NASDAQ:MMLP) by 13.0% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 260,833 shares of the pipeline company’s stock after purchasing an additional 30,000 shares during the period. De Lisle Partners LLP owned 0.67% of Martin Midstream Partners worth $953,000 at the end of the most recent quarter. 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.