Martin Midstream Partners (NASDAQ:MMLP) Earns Buy Rating from Analysts at StockNews.com

Analysts at StockNews.com started coverage on shares of Martin Midstream Partners (NASDAQ:MMLP) in a research report issued on Tuesday. The brokerage set a “buy” rating on the pipeline company’s stock.

Martin Midstream Partners Stock Performance

Shares of MMLP opened at $3.59 on Tuesday. The company has a market capitalization of $140.01 million, a P/E ratio of 35.90 and a beta of 2.10. The business’s 50-day moving average is $3.73 and its two-hundred day moving average is $3.76. Martin Midstream Partners has a fifty-two week low of $2.04 and a fifty-two week high of $4.13.

Hedge Funds Weigh In On Martin Midstream Partners

An institutional investor recently raised its position in Martin Midstream Partners stock. De Lisle Partners LLP raised its holdings in Martin Midstream Partners L.P. (NASDAQ:MMLP) by 13.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 260,833 shares of the pipeline company’s stock after purchasing an additional 30,000 shares during the quarter. De Lisle Partners LLP owned about 0.67% of Martin Midstream Partners worth $953,000 as of its most recent filing with the SEC. 34.90% of the stock is currently owned by hedge funds and other institutional investors.

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.