Martin Midstream Partners L.P. (NASDAQ:MMLP) Short Interest Update

Martin Midstream Partners L.P. (NASDAQ:MMLP) saw a significant decrease in short interest in March. As of March 13th, there was short interest totaling 85,713 shares, a decrease of 17.2% from the February 26th total of 103,567 shares. Approximately 0.3% of the company’s stock are short sold. Based on an average daily volume of 17,464 shares, the short-interest ratio is currently 4.9 days.

Martin Midstream Partners Price Performance

MMLP stock opened at $2.50 on Monday. Martin Midstream Partners has a 12-month low of $2.21 and a 12-month high of $3.69. The company has a market cap of $97.65 million, a price-to-earnings ratio of -6.76 and a beta of 0.56. The company has a 50 day moving average of $2.78 and a two-hundred day moving average of $2.78.

Martin Midstream Partners (NASDAQ:MMLP) last posted its quarterly earnings results on Wednesday, February 18th. The pipeline company reported ($0.07) EPS for the quarter, missing the consensus estimate of $0.06 by ($0.13). The firm had revenue of $174.20 million for the quarter, compared to analyst estimates of $194.47 million. On average, research analysts anticipate that Martin Midstream Partners will post 0.15 EPS for the current year.

Martin Midstream Partners Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 13th. Shareholders of record on Friday, February 6th were paid a $0.005 dividend. The ex-dividend date was Friday, February 6th. This represents a $0.02 dividend on an annualized basis and a yield of 0.8%. Martin Midstream Partners’s payout ratio is -5.41%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Commerce Bank acquired a new stake in shares of Martin Midstream Partners during the 4th quarter valued at about $28,000. Citadel Advisors LLC acquired a new position in Martin Midstream Partners in the third quarter worth approximately $41,000. Jane Street Group LLC raised its position in Martin Midstream Partners by 139.3% during the fourth quarter. Jane Street Group LLC now owns 24,068 shares of the pipeline company’s stock valued at $63,000 after acquiring an additional 14,010 shares in the last quarter. Susquehanna International Group LLP raised its position in Martin Midstream Partners by 298.9% during the third quarter. Susquehanna International Group LLP now owns 44,126 shares of the pipeline company’s stock valued at $135,000 after acquiring an additional 33,064 shares in the last quarter. Finally, Artisan Partners Limited Partnership lifted its stake in Martin Midstream Partners by 221.2% in the third quarter. Artisan Partners Limited Partnership now owns 107,339 shares of the pipeline company’s stock valued at $328,000 after acquiring an additional 73,926 shares during the last quarter. 34.90% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

MMLP has been the topic of a number of research analyst reports. Stifel Nicolaus lowered their price target on Martin Midstream Partners from $4.00 to $3.00 and set a “hold” rating on the stock in a report on Thursday, March 12th. Weiss Ratings restated a “sell (d)” rating on shares of Martin Midstream Partners in a research report on Thursday, January 22nd. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Reduce” and a consensus target price of $3.00.

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.