Nexpoint Asset Management L.P. Takes $1.64 Million Position in Martin Midstream Partners L.P. (NASDAQ:MMLP)

Nexpoint Asset Management L.P. bought a new stake in shares of Martin Midstream Partners L.P. (NASDAQ:MMLP - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 455,572 shares of the pipeline company's stock, valued at approximately $1,636,000. Nexpoint Asset Management L.P. owned 1.17% of Martin Midstream Partners as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MMLP. US Bancorp DE acquired a new stake in Martin Midstream Partners during the fourth quarter worth $32,000. Geode Capital Management LLC boosted its holdings in shares of Martin Midstream Partners by 24.9% in the 4th quarter. Geode Capital Management LLC now owns 29,894 shares of the pipeline company's stock worth $107,000 after acquiring an additional 5,966 shares in the last quarter. AGP Franklin LLC acquired a new stake in shares of Martin Midstream Partners in the fourth quarter valued at $111,000. Raymond James Financial Inc. bought a new position in shares of Martin Midstream Partners in the fourth quarter worth about $124,000. Finally, Gardner Lewis Asset Management L P acquired a new position in Martin Midstream Partners during the 4th quarter worth $824,000. Institutional investors and hedge funds own 34.90% of the company's stock.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on Martin Midstream Partners in a research note on Saturday. They issued a "buy" rating for the company.

Martin Midstream Partners Trading Up 1.1 %

Shares of NASDAQ:MMLP traded up $0.03 during trading on Tuesday, hitting $3.02. 26,328 shares of the company's stock traded hands, compared to its average volume of 102,307. The company has a 50-day moving average price of $3.26 and a 200-day moving average price of $3.60. Martin Midstream Partners L.P. has a 52 week low of $2.56 and a 52 week high of $4.13. The company has a market cap of $118.10 million, a price-to-earnings ratio of -23.19 and a beta of 0.70.

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

Martin Midstream Partners Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 8th will be issued a dividend of $0.005 per share. This represents a $0.02 annualized dividend and a yield of 0.66%. The ex-dividend date of this dividend is Thursday, May 8th. Martin Midstream Partners's payout ratio is -8.33%.

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.