Martin Midstream Partners L.P. (NASDAQ:MMLP) insider Ruben S. Martin bought 822 shares of Martin Midstream Partners L.P. stock in a transaction on Friday, October 7th. The shares were acquired at an average cost of $19.91 per share, for a total transaction of $16,366.02. Following the completion of the acquisition, the insider now directly owns 129,101 shares in the company, valued at $2,570,400.91. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.

Martin Midstream Partners L.P. (NASDAQ:MMLP) opened at 20.76 on Wednesday. Martin Midstream Partners L.P. has a 52-week low of $13.27 and a 52-week high of $29.90. The company’s 50 day moving average is $20.17 and its 200-day moving average is $21.60. The firm has a market cap of $736.03 million, a P/E ratio of 84.05 and a beta of 1.31.

Martin Midstream Partners L.P. (NASDAQ:MMLP) last posted its quarterly earnings results on Wednesday, July 27th. The company reported ($0.14) EPS for the quarter, missing the consensus estimate of $0.24 by $0.38. The business had revenue of $190.35 million for the quarter, compared to analysts’ expectations of $225.13 million. The business’s quarterly revenue was down 24.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.19 earnings per share. On average, equities analysts predict that Martin Midstream Partners L.P. will post $0.56 EPS for the current fiscal year.

Insider Buying and Selling by Quarter for Martin Midstream Partners L.P. (NASDAQ:MMLP)

MMLP has been the topic of a number of analyst reports. Zacks Investment Research lowered shares of Martin Midstream Partners L.P. from a “hold” rating to a “sell” rating in a research note on Wednesday, June 29th. Janney Montgomery Scott initiated coverage on shares of Martin Midstream Partners L.P. in a research note on Friday, September 16th. They issued a “neutral” rating and a $22.00 price objective on the stock. Finally, FBR & Co initiated coverage on shares of Martin Midstream Partners L.P. in a research note on Friday, September 9th. They issued an “outperform” rating and a $27.00 price objective on the stock. One analyst has rated the stock with a sell rating, two have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Martin Midstream Partners L.P. presently has an average rating of “Buy” and a consensus target price of $21.29.

Hedge funds and other institutional investors have recently bought and sold shares of the company. State Street Corp increased its position in Martin Midstream Partners L.P. by 3.9% in the first quarter. State Street Corp now owns 24,665 shares of the company’s stock valued at $496,000 after buying an additional 924 shares during the period. Rafferty Asset Management LLC increased its position in Martin Midstream Partners L.P. by 31.3% in the first quarter. Rafferty Asset Management LLC now owns 106,790 shares of the company’s stock valued at $2,144,000 after buying an additional 25,442 shares during the period. Geode Capital Management LLC increased its position in Martin Midstream Partners L.P. by 30.4% in the first quarter. Geode Capital Management LLC now owns 18,938 shares of the company’s stock valued at $379,000 after buying an additional 4,420 shares during the period. Pinnacle Holdings LLC increased its position in Martin Midstream Partners L.P. by 3.4% in the first quarter. Pinnacle Holdings LLC now owns 66,141 shares of the company’s stock valued at $1,328,000 after buying an additional 2,145 shares during the period. Finally, Babson Capital Management LLC acquired a new position in Martin Midstream Partners L.P. during the first quarter valued at approximately $2,165,000.

About Martin Midstream Partners L.P.

Martin Midstream Partners L.P. is a limited partnership company with operations focused in the United States Gulf Coast region. The Company’s segments include Terminalling and Storage, Natural Gas Services, Sulfur Services and Marine Transportation. The Company owns or operates approximately 30 marine shore-based terminal facilities and over 20 specialty terminal facilities located in the United States.

5 Day Chart for NASDAQ:MMLP

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