Martin Midstream Partners L.P. (NASDAQ:MMLP) insider Ruben S. Martin acquired 730 shares of the firm’s stock in a transaction that occurred on Friday, November 18th. The stock was acquired at an average cost of $17.76 per share, with a total value of $12,964.80. Following the completion of the acquisition, the insider now directly owns 129,831 shares in the company, valued at $2,305,798.56. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Shares of Martin Midstream Partners L.P. (NASDAQ:MMLP) opened at 17.10 on Wednesday. Martin Midstream Partners L.P. has a 12 month low of $13.27 and a 12 month high of $26.50. The stock’s 50 day moving average price is $0.00 and its 200-day moving average price is $0.00.

Martin Midstream Partners L.P. (NASDAQ:MMLP) last announced its quarterly earnings results on Wednesday, October 26th. The company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of $0.03 by $0.06. The business had revenue of $174.54 million for the quarter, compared to analysts’ expectations of $207.11 million. The firm’s revenue for the quarter was down 22.8% on a year-over-year basis. During the same period last year, the company posted ($0.02) EPS. On average, equities research analysts expect that Martin Midstream Partners L.P. will post $0.49 earnings per share for the current year.

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

The firm also recently declared a quarterly dividend, which was paid on Monday, November 14th. Shareholders of record on Monday, November 7th were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 11.70%. The ex-dividend date of this dividend was Thursday, November 3rd.

A number of equities analysts recently issued reports on the company. Zacks Investment Research lowered Martin Midstream Partners L.P. from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 25th. FBR & Co decreased their price objective on Martin Midstream Partners L.P. from $27.00 to $24.00 and set an “outperform” rating for the company in a report on Friday, October 28th. Finally, Janney Montgomery Scott began coverage on Martin Midstream Partners L.P. in a research report on Friday, September 16th. They issued a “neutral” rating and a $22.00 target price for the company. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $20.86.

A number of hedge funds and other institutional investors have recently made changes to their positions in MMLP. IFP Advisors Inc boosted its position in shares of Martin Midstream Partners L.P. by 559.8% in the second quarter. IFP Advisors Inc now owns 4,777 shares of the company’s stock worth $110,000 after buying an additional 4,053 shares in the last quarter. Acrospire Investment Management LLC boosted its position in shares of Martin Midstream Partners L.P. by 4.1% in the second quarter. Acrospire Investment Management LLC now owns 5,096 shares of the company’s stock worth $118,000 after buying an additional 200 shares in the last quarter. Global X Management Co. LLC boosted its position in shares of Martin Midstream Partners L.P. by 9.0% in the second quarter. Global X Management Co. LLC now owns 8,567 shares of the company’s stock worth $198,000 after buying an additional 704 shares in the last quarter. Ausdal Financial Partners Inc. acquired a new position in shares of Martin Midstream Partners L.P. during the second quarter worth approximately $214,000. Finally, Winslow Evans & Crocker Inc. boosted its position in shares of Martin Midstream Partners L.P. by 10.6% in the second quarter. Winslow Evans & Crocker Inc. now owns 9,422 shares of the company’s stock worth $218,000 after buying an additional 904 shares in the last quarter.

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Martin Midstream Partners L.P. Company Profile

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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