Martin Midstream Partners (NASDAQ:MMLP) Research Coverage Started at StockNews.com

Posted by Kim Johansen on Jan 30th, 2025

StockNews.com assumed coverage on shares of Martin Midstream Partners (NASDAQ:MMLP – Free Report) in a research report sent to investors on Monday morning. The firm issued a buy rating on the pipeline company’s stock.

Martin Midstream Partners Stock Up 5.5 %

Shares of MMLP opened at $3.65 on Monday. Martin Midstream Partners has a 52-week low of $2.04 and a 52-week high of $4.13. The company has a market cap of $142.35 million, a PE ratio of 36.50 and a beta of 2.12. The business has a fifty day moving average of $3.75 and a 200 day moving average of $3.76.

Martin Midstream Partners Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, February 7th will be given a $0.005 dividend. This represents a $0.02 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date of this dividend is Friday, February 7th. Martin Midstream Partners’s dividend payout ratio (DPR) is currently 20.00%.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Martin Midstream Partners stock. De Lisle Partners LLP boosted its holdings in shares of Martin Midstream Partners L.P. (NASDAQ:MMLP – Free Report) by 13.0% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 260,833 shares of the pipeline company’s stock after acquiring an additional 30,000 shares during the quarter. De Lisle Partners LLP owned 0.67% of Martin Midstream Partners worth $953,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 34.90% of the company’s stock.

About Martin Midstream Partners

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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.