GSA Capital Partners LLP cut its holdings in Martin Midstream Partners L.P. (NASDAQ:MMLP) by 53.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 50,980 shares of the pipeline company’s stock after selling 58,400 shares during the quarter. GSA Capital Partners LLP owned approximately 0.13% of Martin Midstream Partners L.P. worth $895,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in MMLP. Creative Planning increased its holdings in Martin Midstream Partners L.P. by 33.8% during the 2nd quarter. Creative Planning now owns 5,893 shares of the pipeline company’s stock valued at $104,000 after purchasing an additional 1,490 shares during the period. Global X Management Co. LLC raised its position in Martin Midstream Partners L.P. by 18.0% during the 1st quarter. Global X Management Co. LLC now owns 16,823 shares of the pipeline company’s stock valued at $336,000 after purchasing an additional 2,563 shares during the last quarter. Ameriprise Financial Inc. raised its position in Martin Midstream Partners L.P. by 61.1% during the 1st quarter. Ameriprise Financial Inc. now owns 19,753 shares of the pipeline company’s stock valued at $395,000 after purchasing an additional 7,493 shares during the last quarter. Sippican Capital Advisors raised its position in Martin Midstream Partners L.P. by 1.8% during the 2nd quarter. Sippican Capital Advisors now owns 28,120 shares of the pipeline company’s stock valued at $494,000 after purchasing an additional 500 shares during the last quarter. Finally, Stephens Inc. AR lifted its holdings in Martin Midstream Partners L.P. by 6.5% in the 2nd quarter. Stephens Inc. AR now owns 28,733 shares of the pipeline company’s stock worth $504,000 after buying an additional 1,754 shares during the period. Institutional investors own 31.80% of the company’s stock.

Several research firms have weighed in on MMLP. Zacks Investment Research cut Martin Midstream Partners L.P. from a “buy” rating to a “hold” rating in a report on Thursday, September 28th. BidaskClub raised Martin Midstream Partners L.P. from a “sell” rating to a “hold” rating in a research note on Thursday, August 17th. Stifel Nicolaus reissued a “hold” rating and set a $20.00 target price on shares of Martin Midstream Partners L.P. in a research note on Friday, August 11th. Finally, Robert W. Baird restated a “hold” rating and set a $20.00 target price on shares of Martin Midstream Partners L.P. in a report on Thursday, August 24th. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $21.00.

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Shares of Martin Midstream Partners L.P. (MMLP) opened at 16.75 on Tuesday. Martin Midstream Partners L.P. has a 52 week low of $15.45 and a 52 week high of $22.88.

Martin Midstream Partners L.P. (NASDAQ:MMLP) last issued its quarterly earnings results on Wednesday, July 26th. The pipeline company reported $0.03 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.04) by $0.07. Martin Midstream Partners L.P. had a return on equity of 9.62% and a net margin of 3.67%. The firm had revenue of $193.90 million during the quarter, compared to analyst estimates of $201.17 million. During the same period last year, the company earned ($0.14) EPS. Martin Midstream Partners L.P.’s quarterly revenue was up 1.9% compared to the same quarter last year. Equities research analysts anticipate that Martin Midstream Partners L.P. will post $0.67 earnings per share for the current year.

Martin Midstream Partners L.P. Company Profile

Martin Midstream Partners L.P. is a limited partnership with a set of operations focused in the United States Gulf Coast region. The Company’s four business lines include terminalling and storage services for petroleum products and by-products, including the refining of naphthenic crude oil and the blending and packaging of finished lubricants; natural gas services, including liquids transportation and distribution services, and natural gas storage; sulfur and sulfur-based products processing, manufacturing, marketing and distribution, and marine transportation services for petroleum products and by-products.

Institutional Ownership by Quarter for Martin Midstream Partners L.P. (NASDAQ:MMLP)

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