JPMorgan Chase & Co. Acquires 140,196 Shares of Martin Midstream Partners L.P. (NASDAQ:MMLP)

JPMorgan Chase & Co. increased its stake in shares of Martin Midstream Partners L.P. (NASDAQ:MMLP - Free Report) by 24.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 713,930 shares of the pipeline company's stock after buying an additional 140,196 shares during the period. JPMorgan Chase & Co. owned 1.83% of Martin Midstream Partners worth $2,563,000 as of its most recent filing with the SEC.

Separately, US Bancorp DE bought a new stake in shares of Martin Midstream Partners during the 4th quarter worth about $32,000. Institutional investors and hedge funds own 34.90% of the company's stock.

Martin Midstream Partners Price Performance

Martin Midstream Partners stock traded down $0.17 during mid-day trading on Monday, reaching $2.84. 59,101 shares of the company were exchanged, compared to its average volume of 101,971. The company has a fifty day simple moving average of $3.33 and a 200-day simple moving average of $3.63. Martin Midstream Partners L.P. has a 12 month low of $2.55 and a 12 month high of $4.13. The firm has a market cap of $110.92 million, a PE ratio of -21.84 and a beta of 1.75.

Martin Midstream Partners (NASDAQ:MMLP - Get Free Report) last posted its quarterly earnings data on Wednesday, April 16th. The pipeline company reported ($0.01) EPS for the quarter, missing analysts' consensus estimates of $0.02 by ($0.03). Martin Midstream Partners had a negative return on equity of 6.93% and a negative net margin of 0.73%. The company had revenue of $192.54 million for the quarter, compared to the consensus estimate of $187.13 million. During the same quarter last year, the business earned $0.08 EPS. Sell-side analysts anticipate that Martin Midstream Partners L.P. will post 0.15 earnings per share for the current year.

Martin Midstream Partners Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 8th will be paid a dividend of $0.005 per share. The ex-dividend date of this dividend is Thursday, May 8th. This represents a $0.02 dividend on an annualized basis and a yield of 0.70%. Martin Midstream Partners's dividend payout ratio (DPR) is presently -8.33%.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on shares of Martin Midstream Partners in a research report on Friday. They set a "buy" rating on the stock.

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.