Sippican Capital Advisors lifted its position in shares of Martin Midstream Partners L.P. (NASDAQ:MMLP) by 12.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 32,520 shares of the pipeline company’s stock after buying an additional 3,600 shares during the quarter. Sippican Capital Advisors owned approximately 0.08% of Martin Midstream Partners worth $455,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of MMLP. Stephens Inc. AR grew its holdings in shares of Martin Midstream Partners by 6.5% during the second 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 in the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Martin Midstream Partners by 20.0% in the second quarter. Goldman Sachs Group Inc. now owns 462,442 shares of the pipeline company’s stock worth $8,116,000 after acquiring an additional 77,177 shares during the last quarter. Royal Bank of Canada boosted its position in shares of Martin Midstream Partners by 1.9% in the second quarter. Royal Bank of Canada now owns 32,617 shares of the pipeline company’s stock worth $573,000 after acquiring an additional 602 shares during the last quarter. CNH Partners LLC boosted its position in shares of Martin Midstream Partners by 62.3% in the second quarter. CNH Partners LLC now owns 30,468 shares of the pipeline company’s stock worth $535,000 after acquiring an additional 11,700 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its position in shares of Martin Midstream Partners by 192.5% in the second quarter. The Manufacturers Life Insurance Company now owns 9,543 shares of the pipeline company’s stock worth $167,000 after acquiring an additional 6,280 shares during the last quarter. Institutional investors and hedge funds own 31.17% of the company’s stock.

MMLP has been the topic of several research analyst reports. Stifel Nicolaus decreased their target price on shares of Martin Midstream Partners from $19.00 to $17.00 and set a “hold” rating on the stock in a research report on Thursday, October 26th. B. Riley reissued a “buy” rating and issued a $18.00 target price on shares of Martin Midstream Partners in a research report on Monday, December 18th. Zacks Investment Research cut shares of Martin Midstream Partners from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 27th. BidaskClub raised shares of Martin Midstream Partners from a “strong sell” rating to a “sell” rating in a research report on Tuesday, December 12th. Finally, Royal Bank of Canada reissued a “hold” rating and issued a $18.00 target price on shares of Martin Midstream Partners in a research report on Friday, October 27th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $19.33.

Martin Midstream Partners L.P. (NASDAQ:MMLP) traded down $0.60 on Wednesday, hitting $15.25. 200,700 shares of the company traded hands, compared to its average volume of 160,710. The firm has a market capitalization of $595.92, a PE ratio of 33.15 and a beta of 1.49. The company has a debt-to-equity ratio of 2.78, a current ratio of 2.04 and a quick ratio of 0.86. Martin Midstream Partners L.P. has a twelve month low of $12.70 and a twelve month high of $20.90.

Martin Midstream Partners (NASDAQ:MMLP) last announced its quarterly earnings results on Wednesday, October 25th. The pipeline company reported ($0.18) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.11). Martin Midstream Partners had a net margin of 1.84% and a return on equity of 7.84%. research analysts expect that Martin Midstream Partners L.P. will post 0.34 earnings per share for the current year.

In other Martin Midstream Partners news, insider Ruben S. Martin purchased 5,000 shares of Martin Midstream Partners stock in a transaction on Tuesday, November 14th. The shares were purchased at an average cost of $13.61 per share, with a total value of $68,050.00. Following the completion of the transaction, the insider now directly owns 140,598 shares in the company, valued at approximately $1,913,538.78. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Robert D. Bondurant purchased 2,000 shares of Martin Midstream Partners stock in a transaction on Tuesday, November 14th. The shares were acquired at an average cost of $13.58 per share, for a total transaction of $27,160.00. Following the completion of the transaction, the chief financial officer now owns 39,314 shares of the company’s stock, valued at $533,884.12. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 9,603 shares of company stock worth $133,053. 17.00% of the stock is currently owned by corporate insiders.

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About Martin Midstream Partners

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 (NASDAQ:MMLP)

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