9,000 Shares in Martin Midstream Partners L.P. (NASDAQ:MMLP) Acquired by US Bancorp DE

US Bancorp DE bought a new position in shares of Martin Midstream Partners L.P. (NASDAQ:MMLP) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 9,000 shares of the pipeline company’s stock, valued at approximately $32,000.

Separately, De Lisle Partners LLP raised its position 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 worth $953,000 after purchasing an additional 30,000 shares during the period. Hedge funds and other institutional investors own 34.90% of the company’s stock.

Martin Midstream Partners Price Performance

Martin Midstream Partners stock opened at $3.67 on Wednesday. The firm’s 50 day simple moving average is $3.59 and its 200-day simple moving average is $3.75. The company has a market cap of $143.33 million, a P/E ratio of -28.23 and a beta of 2.08. Martin Midstream Partners L.P. has a fifty-two week low of $2.36 and a fifty-two week high of $4.13.

Martin Midstream Partners (NASDAQ:MMLP) last released its quarterly earnings data on Wednesday, February 12th. The pipeline company reported ($0.22) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.25). Martin Midstream Partners had a negative net margin of 0.73% and a negative return on equity of 6.93%. On average, analysts expect that Martin Midstream Partners L.P. will post 0.15 EPS for the current fiscal year.

Martin Midstream Partners Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, February 7th were issued a $0.005 dividend. The ex-dividend date of this dividend was Friday, February 7th. This represents a $0.02 dividend on an annualized basis and a yield of 0.54%. Martin Midstream Partners’s dividend payout ratio is currently -15.38%.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on Martin Midstream Partners in a research report on Sunday. They issued a “buy” rating for the company.

Martin Midstream Partners 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.