US Bancorp DE bought a new position in shares of Martin Midstream Partners L.P. (NASDAQ:MMLP – Free Report) 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 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.
Get Our Latest Stock Report on MMLP
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.
Featured Stories
- Five stocks we like better than Martin Midstream Partners
- Stock Market Sectors: What Are They and How Many Are There?
- Arqit Stock Soars as NVIDIA’s GTC Fuels Quantum Excitement
- What is diluted earnings per share (Diluted EPS)?
- 3 Must-Own Stocks to Build Wealth This Decade
- How to Invest in Biotech Stocks
- Advanced Micro Devices Eyes AI Market Growth—Is AMD a Buy?
Want to see what other hedge funds are holding MMLP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Martin Midstream Partners L.P. (NASDAQ:MMLP – Free Report).
Receive News & Ratings for Martin Midstream Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Martin Midstream Partners and related companies with MarketBeat.com's FREE daily email newsletter.