Nomura Holdings Inc. Purchases Shares of 935,831 Martin Midstream Partners L.P. (NASDAQ:MMLP)

Nomura Holdings Inc. purchased a new position in shares of Martin Midstream Partners L.P. (NASDAQ:MMLP - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 935,831 shares of the pipeline company's stock, valued at approximately $3,360,000. Nomura Holdings Inc. owned about 2.40% of Martin Midstream Partners at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Raymond James Financial Inc. acquired a new position in shares of Martin Midstream Partners during the 4th quarter worth approximately $124,000. US Bancorp DE acquired a new stake in Martin Midstream Partners during the fourth quarter worth about $32,000. JPMorgan Chase & Co. raised its position in shares of 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 buying an additional 140,196 shares in the last quarter. Geode Capital Management LLC boosted its position 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 acquiring an additional 5,966 shares in the last quarter. Finally, Gardner Lewis Asset Management L P acquired a new position in Martin Midstream Partners during the fourth quarter valued at approximately $824,000. Institutional investors and hedge funds own 34.90% of the company's stock.

Analyst Ratings Changes

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

Martin Midstream Partners Stock Up 0.3%

Shares of NASDAQ MMLP traded up $0.01 during trading on Wednesday, reaching $2.98. The company had a trading volume of 388 shares, compared to its average volume of 100,706. The stock has a market cap of $96.82 million, a P/E ratio of -22.91 and a beta of 0.70. The company's fifty day moving average price is $3.12 and its 200-day moving average price is $3.53. Martin Midstream Partners L.P. has a 12 month low of $2.56 and a 12 month high of $4.13.

Martin Midstream Partners (NASDAQ:MMLP - Get Free Report) last issued its quarterly earnings results on Wednesday, April 16th. The pipeline company reported ($0.01) EPS for the quarter, missing analysts' consensus estimates of $0.02 by ($0.03). The firm had revenue of $192.54 million for 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 last year, the company posted $0.08 EPS. As a group, equities analysts predict that Martin Midstream Partners L.P. will post 0.15 earnings per share for the current year.

Martin Midstream Partners Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Thursday, May 8th were paid a dividend of $0.005 per share. The ex-dividend date of this dividend was Thursday, May 8th. This represents a $0.02 dividend on an annualized basis and a yield of 0.67%. Martin Midstream Partners's dividend payout ratio (DPR) is presently -8.33%.

About Martin Midstream Partners

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.