JPMorgan Chase & Co. Sells 10,443 Shares of Martin Midstream Partners L.P. (NASDAQ:MMLP)

JPMorgan Chase & Co. reduced its stake in Martin Midstream Partners L.P. (NASDAQ:MMLP) by 1.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 573,734 shares of the pipeline company’s stock after selling 10,443 shares during the period. JPMorgan Chase & Co. owned 1.47% of Martin Midstream Partners worth $2,094,000 at the end of the most recent reporting period.

Separately, De Lisle Partners LLP increased its stake in shares of 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 in the last quarter. 34.90% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on shares of Martin Midstream Partners in a research note on Sunday. They set a “buy” rating for the company.

Martin Midstream Partners Stock Performance

Shares of NASDAQ MMLP opened at $3.64 on Wednesday. Martin Midstream Partners L.P. has a fifty-two week low of $2.04 and a fifty-two week high of $4.13. The company has a 50 day simple moving average of $3.80 and a two-hundred day simple moving average of $3.76. The company has a market capitalization of $141.96 million, a price-to-earnings ratio of 36.40 and a beta of 2.12.

About Martin Midstream Partners

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.