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

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

Martin Midstream Partners Price Performance

NASDAQ MMLP opened at $3.99 on Friday. Martin Midstream Partners has a 1-year low of $2.04 and a 1-year high of $4.13. The business has a 50 day simple moving average of $3.90 and a two-hundred day simple moving average of $3.60. The stock has a market capitalization of $155.61 million, a PE ratio of 39.90 and a beta of 2.10.

Martin Midstream Partners (NASDAQ:MMLP) last posted its earnings results on Wednesday, October 16th. The pipeline company reported ($0.08) earnings per share 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 business had revenue of $170.93 million during the quarter, compared to analysts’ expectations of $176.43 million. During the same period last year, the business posted ($0.03) earnings per share. On average, analysts anticipate that Martin Midstream Partners will post 0.16 EPS for the current fiscal year.

Martin Midstream Partners Announces Dividend

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

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. De Lisle Partners LLP raised its position in Martin Midstream Partners by 13.0% during the third quarter. De Lisle Partners LLP now owns 260,833 shares of the pipeline company’s stock valued at $953,000 after purchasing an additional 30,000 shares during the period. Virtu Financial LLC purchased a new position in shares of Martin Midstream Partners in the 1st quarter worth approximately $55,000. Finally, Acadian Asset Management LLC bought a new position in shares of Martin Midstream Partners during the 1st quarter valued at approximately $50,000. 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.