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

StockNews.com began coverage on shares of Martin Midstream Partners (NASDAQ:MMLP) in a research note released on Monday morning. The brokerage issued a buy rating on the pipeline company’s stock.

Martin Midstream Partners Price Performance

Shares of MMLP stock opened at $3.51 on Monday. Martin Midstream Partners has a 1-year low of $2.04 and a 1-year high of $4.13. The business’s fifty day moving average price is $3.77 and its 200 day moving average price is $3.76. The firm has a market capitalization of $136.89 million, a PE ratio of 35.10 and a beta of 2.12.

Martin Midstream Partners Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, February 7th will be paid a $0.005 dividend. This represents a $0.02 annualized dividend and a dividend yield of 0.57%. The ex-dividend date is Friday, February 7th. Martin Midstream Partners’s dividend payout ratio (DPR) is 20.00%.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Martin Midstream Partners stock. De Lisle Partners LLP lifted its position in shares of Martin Midstream Partners L.P. (NASDAQ:MMLP) by 13.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor 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 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.