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

Nomura Holdings Inc. bought a new stake in 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 Securities and Exchange Commission. The institutional investor bought 935,831 shares of the pipeline company's stock, valued at approximately $3,360,000. Nomura Holdings Inc. owned approximately 2.40% of Martin Midstream Partners at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Raymond James Financial Inc. purchased a new stake in Martin Midstream Partners in the fourth quarter valued at approximately $124,000. US Bancorp DE purchased a new stake in Martin Midstream Partners in the fourth quarter valued at approximately $32,000. JPMorgan Chase & Co. lifted its stake in Martin Midstream Partners by 24.4% in the fourth 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 during the last quarter. Geode Capital Management LLC lifted its stake in Martin Midstream Partners by 24.9% in the fourth quarter. Geode Capital Management LLC now owns 29,894 shares of the pipeline company's stock valued at $107,000 after buying an additional 5,966 shares during the last quarter. Finally, Gardner Lewis Asset Management L P purchased a new stake in Martin Midstream Partners in the fourth quarter valued at approximately $824,000. Institutional investors and hedge funds own 34.90% of the company's stock.

Analyst Upgrades and Downgrades

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

Martin Midstream Partners Trading Down 1.3%

Shares of Martin Midstream Partners stock traded down $0.04 during trading hours on Monday, hitting $2.97. 28,017 shares of the company were exchanged, compared to its average volume of 101,309. Martin Midstream Partners L.P. has a 1 year low of $2.56 and a 1 year high of $4.13. The business has a 50-day moving average of $3.15 and a 200-day moving average of $3.54. The stock has a market capitalization of $96.53 million, a price-to-earnings ratio of -22.84 and a beta of 0.70.

Martin Midstream Partners (NASDAQ:MMLP - Get Free Report) last released its quarterly earnings results on Wednesday, April 16th. The pipeline company reported ($0.01) EPS for the quarter, missing the consensus estimate 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 analysts' expectations of $187.13 million. During the same quarter last year, the company earned $0.08 EPS. As a group, research analysts anticipate that Martin Midstream Partners L.P. will post 0.15 earnings per share for the current fiscal year.

Martin Midstream Partners Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Thursday, May 8th were paid a dividend of $0.005 per share. This represents a $0.02 annualized dividend and a dividend yield of 0.67%. The ex-dividend date of this dividend was Thursday, May 8th. 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.