Martin Midstream Partners (NASDAQ:MMLP) Issues Earnings Results

Martin Midstream Partners (NASDAQ:MMLP) released its quarterly earnings data on Wednesday. The pipeline company reported ($0.07) earnings per share (EPS) for the quarter, Zacks reports.

Martin Midstream Partners Stock Performance

NASDAQ MMLP traded up $0.04 on Wednesday, reaching $2.94. The company’s stock had a trading volume of 6,910 shares, compared to its average volume of 13,594. Martin Midstream Partners has a twelve month low of $2.21 and a twelve month high of $3.90. The firm’s 50 day moving average is $2.72 and its two-hundred day moving average is $2.88. The stock has a market cap of $114.84 million, a PE ratio of -5.65 and a beta of 0.62.

Martin Midstream Partners Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 13th. Shareholders of record on Friday, February 6th were given a $0.005 dividend. The ex-dividend date was Friday, February 6th. This represents a $0.02 annualized dividend and a yield of 0.7%. Martin Midstream Partners’s payout ratio is -3.85%.

Institutional Trading of Martin Midstream Partners

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Bank of America Corp DE lifted its holdings in shares of Martin Midstream Partners by 216.0% in the second quarter. Bank of America Corp DE now owns 581,020 shares of the pipeline company’s stock valued at $1,714,000 after purchasing an additional 397,163 shares in the last quarter. Susquehanna International Group LLP raised its holdings in shares of Martin Midstream Partners by 298.9% during the 3rd quarter. Susquehanna International Group LLP now owns 44,126 shares of the pipeline company’s stock valued at $135,000 after purchasing an additional 33,064 shares in the last quarter. Jane Street Group LLC lifted its position in shares of Martin Midstream Partners by 139.3% in the fourth quarter. Jane Street Group LLC now owns 24,068 shares of the pipeline company’s stock worth $63,000 after buying an additional 14,010 shares during the last quarter. Citadel Advisors LLC bought a new stake in shares of Martin Midstream Partners during the 3rd quarter worth about $41,000. Finally, Commerce Bank acquired a new position in shares of Martin Midstream Partners during the 4th quarter valued at about $28,000. Institutional investors and hedge funds own 34.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Martin Midstream Partners in a report on Thursday, January 22nd. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Martin Midstream Partners has a consensus rating of “Sell”.

About Martin Midstream Partners

Martin Midstream Partners L.P. is a publicly traded midstream energy partnership that provides storage, transportation and distribution services for petroleum and chemical products. The company’s operations encompass bulk liquid terminals, marine transportation services and handling facilities designed to support a variety of feedstocks and refined products. Through its network of terminals and pipelines, Martin Midstream serves refineries, petrochemical plants and other industrial customers, offering solutions that help optimize logistics and maintain supply chain reliability.

With core assets located along the U.S.