De Lisle Partners LLP Has $953,000 Stake in Martin Midstream Partners L.P. (NASDAQ:MMLP)

De Lisle Partners LLP boosted its stake in Martin Midstream Partners L.P. (NASDAQ:MMLP) by 13.0% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 260,833 shares of the pipeline company’s stock after purchasing an additional 30,000 shares during the quarter. De Lisle Partners LLP’s holdings in Martin Midstream Partners were worth $953,000 at the end of the most recent reporting period.

Separately, Virtu Financial LLC bought a new position in Martin Midstream Partners in the first quarter valued at approximately $55,000. Hedge funds and other institutional investors own 34.90% of the company’s stock.

Martin Midstream Partners Stock Performance

Shares of Martin Midstream Partners stock opened at $3.99 on Friday. The firm’s 50 day moving average is $3.91 and its 200 day moving average is $3.60. The firm has a market capitalization of $155.61 million, a PE ratio of 39.90 and a beta of 2.10. Martin Midstream Partners L.P. has a 1 year low of $2.04 and a 1 year high of $4.13.

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

Martin Midstream Partners Announces Dividend

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

Analyst Ratings Changes

Separately, StockNews.com started coverage on Martin Midstream Partners in a research note on Sunday, November 24th. They issued a “buy” rating on the 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.