Martin Midstream Partners L.P. (NASDAQ:MMLP) CFO Robert D. Bondurant bought 2,000 shares of the business’s stock in a transaction on Tuesday, November 14th. The shares were bought at an average price of $13.58 per share, for a total transaction of $27,160.00. Following the completion of the acquisition, the chief financial officer now owns 39,314 shares of the company’s stock, valued at $533,884.12. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Martin Midstream Partners L.P. (NASDAQ MMLP) traded down $0.55 during trading on Friday, hitting $13.40. The stock had a trading volume of 253,000 shares, compared to its average volume of 156,629. The company has a quick ratio of 0.86, a current ratio of 2.04 and a debt-to-equity ratio of 2.78. The company has a market capitalization of $536.33, a price-to-earnings ratio of 19.93 and a beta of 1.57. Martin Midstream Partners L.P. has a twelve month low of $13.20 and a twelve month high of $20.90.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 14th. Stockholders of record on Tuesday, November 7th were paid a $0.50 dividend. The ex-dividend date of this dividend was Monday, November 6th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 14.93%. Martin Midstream Partners L.P.’s payout ratio is presently 434.78%.

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Several institutional investors have recently bought and sold shares of the company. Center Coast Capital Advisors LP grew its position in Martin Midstream Partners L.P. by 19.9% during the third quarter. Center Coast Capital Advisors LP now owns 1,959,445 shares of the pipeline company’s stock worth $30,469,000 after buying an additional 325,348 shares in the last quarter. Goldman Sachs Group Inc. grew its position in Martin Midstream Partners L.P. by 20.0% during the second quarter. Goldman Sachs Group Inc. now owns 462,442 shares of the pipeline company’s stock worth $8,116,000 after buying an additional 77,177 shares in the last quarter. Adams Asset Advisors LLC grew its position in Martin Midstream Partners L.P. by 2.1% during the third quarter. Adams Asset Advisors LLC now owns 294,961 shares of the pipeline company’s stock worth $4,586,000 after buying an additional 6,024 shares in the last quarter. Morgan Stanley grew its position in Martin Midstream Partners L.P. by 38.2% during the first quarter. Morgan Stanley now owns 284,578 shares of the pipeline company’s stock worth $5,692,000 after buying an additional 78,702 shares in the last quarter. Finally, Advisors Capital Management LLC grew its position in Martin Midstream Partners L.P. by 1.7% during the third quarter. Advisors Capital Management LLC now owns 182,231 shares of the pipeline company’s stock worth $2,834,000 after buying an additional 3,035 shares in the last quarter. Institutional investors and hedge funds own 32.55% of the company’s stock.

Several research firms have weighed in on MMLP. Royal Bank Of Canada restated a “hold” rating and set a $18.00 target price on shares of Martin Midstream Partners L.P. in a report on Friday, October 27th. Zacks Investment Research lowered Martin Midstream Partners L.P. from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 27th. Stifel Nicolaus dropped their price objective on Martin Midstream Partners L.P. from $19.00 to $17.00 and set a “hold” rating on the stock in a research note on Thursday, October 26th. Robert W. Baird reiterated a “hold” rating and issued a $20.00 price objective on shares of Martin Midstream Partners L.P. in a research note on Thursday, August 24th. Finally, BidaskClub upgraded Martin Midstream Partners L.P. from a “sell” rating to a “hold” rating in a research note on Thursday, August 17th. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Martin Midstream Partners L.P. has a consensus rating of “Hold” and a consensus target price of $19.60.

About Martin Midstream Partners L.P.

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.

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

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