Nomura Holdings Inc. lifted its position in shares of Martin Midstream Partners L.P. (NASDAQ:MMLP - Free Report) by 265.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,417,328 shares of the pipeline company's stock after purchasing an additional 2,481,497 shares during the quarter. Nomura Holdings Inc. owned 10.51% of Martin Midstream Partners worth $12,302,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Squarepoint Ops LLC acquired a new stake in shares of Martin Midstream Partners during the 4th quarter worth approximately $36,000. Pettinga Financial Advisors LLC acquired a new stake in shares of Martin Midstream Partners during the 1st quarter worth approximately $43,000. US Bancorp DE grew its stake in shares of Martin Midstream Partners by 55.6% during the 1st quarter. US Bancorp DE now owns 14,000 shares of the pipeline company's stock worth $50,000 after purchasing an additional 5,000 shares during the period. CSS LLC IL acquired a new stake in shares of Martin Midstream Partners during the 4th quarter worth approximately $100,000. Finally, Geode Capital Management LLC grew its stake in shares of Martin Midstream Partners by 24.9% during the 4th quarter. Geode Capital Management LLC now owns 29,894 shares of the pipeline company's stock worth $107,000 after purchasing an additional 5,966 shares during the period. Institutional investors and hedge funds own 34.90% of the company's stock.
Martin Midstream Partners Price Performance
Shares of NASDAQ:MMLP opened at $3.43 on Monday. Martin Midstream Partners L.P. has a 1 year low of $2.56 and a 1 year high of $4.02. The firm has a market capitalization of $133.98 million, a price-to-earnings ratio of -8.79 and a beta of 0.67. The business's 50 day moving average price is $3.10 and its 200-day moving average price is $3.18.
Martin Midstream Partners (NASDAQ:MMLP - Get Free Report) last announced its earnings results on Wednesday, July 16th. The pipeline company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.08 by ($0.14). The firm had revenue of $180.68 million during the quarter, compared to analysts' expectations of $199.39 million. On average, sell-side analysts expect that Martin Midstream Partners L.P. will post 0.15 earnings per share for the current year.
Martin Midstream Partners Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 14th. Shareholders of record on Thursday, August 7th were issued a $0.005 dividend. The ex-dividend date was Thursday, August 7th. This represents a $0.02 dividend on an annualized basis and a yield of 0.6%. Martin Midstream Partners's dividend payout ratio (DPR) is presently -5.13%.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen raised shares of Martin Midstream Partners to a "hold" rating in a research note on Friday, June 6th.
Get Our Latest Research Report on MMLP
About Martin Midstream Partners
(
Free Report)
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.
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