Martin Midstream Partners (NASDAQ:MMLP - Get Free Report) was upgraded by stock analysts at Wall Street Zen to a "hold" rating in a report issued on Friday.
Martin Midstream Partners Stock Performance
Shares of NASDAQ MMLP traded down $0.06 during midday trading on Friday, reaching $3.05. 80,584 shares of the stock were exchanged, compared to its average volume of 98,872. The company has a 50 day simple moving average of $2.94 and a 200 day simple moving average of $3.43. The stock has a market capitalization of $99.13 million, a P/E ratio of -23.46 and a beta of 0.71. Martin Midstream Partners has a twelve month low of $2.56 and a twelve month high of $4.13.
Martin Midstream Partners (NASDAQ:MMLP - Get Free Report) last issued its quarterly earnings data on Wednesday, April 16th. The pipeline company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.02 by ($0.03). The business had revenue of $192.54 million for the quarter, compared to analyst estimates of $187.13 million. Martin Midstream Partners had a negative return on equity of 6.93% and a negative net margin of 0.73%. During the same period in the previous year, the business posted $0.08 earnings per share. On average, research analysts expect that Martin Midstream Partners will post 0.15 earnings per share for the current year.
Institutional Trading of Martin Midstream Partners
Several institutional investors have recently added to or reduced their stakes in MMLP. Nomura Holdings Inc. increased its holdings in Martin Midstream Partners by 265.2% in the 1st quarter. Nomura Holdings Inc. now owns 3,417,328 shares of the pipeline company's stock valued at $12,302,000 after purchasing an additional 2,481,497 shares during the last quarter. Nexpoint Asset Management L.P. acquired a new stake in shares of Martin Midstream Partners in the fourth quarter valued at $1,636,000. Gardner Lewis Asset Management L P acquired a new position in Martin Midstream Partners in the 4th quarter valued at about $824,000. Tiptree Advisors LLC acquired a new position in Martin Midstream Partners in the 4th quarter valued at about $524,000. Finally, JPMorgan Chase & Co. grew its position in Martin Midstream Partners by 24.4% in the 4th quarter. JPMorgan Chase & Co. now owns 713,930 shares of the pipeline company's stock valued at $2,563,000 after acquiring an additional 140,196 shares in the last quarter. Institutional investors and hedge funds own 34.90% of the company's stock.
Martin Midstream Partners Company Profile
(
Get 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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