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

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

Martin Midstream Partners Price Performance

Shares of NASDAQ MMLP opened at $3.56 on Monday. Martin Midstream Partners has a 1 year low of $2.04 and a 1 year high of $4.13. The company has a 50 day simple moving average of $3.78 and a 200-day simple moving average of $3.76. The company has a market capitalization of $138.84 million, a P/E ratio of 35.60 and a beta of 2.12.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Martin Midstream Partners stock. De Lisle Partners LLP raised its holdings in shares of Martin Midstream Partners L.P. (NASDAQ:MMLP) by 13.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. 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 approximately 0.67% of Martin Midstream Partners worth $953,000 as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 34.90% of the company’s stock.

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.