Martin Midstream Partners L.P. (NASDAQ:MMLP) Insider Acquires $136,200.00 in Stock
Martin Midstream Partners L.P. (NASDAQ:MMLP) insider Randall Tauscher bought 20,000 shares of the firm’s stock in a transaction on Tuesday, June 11th. The stock was purchased at an average price of $6.81 per share, with a total value of $136,200.00. Following the transaction, the insider now owns 72,371 shares in the company, valued at approximately $492,846.51. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Randall Tauscher also recently made the following trade(s):
- On Monday, May 20th, Randall Tauscher bought 363 shares of Martin Midstream Partners stock. The stock was purchased at an average price of $7.52 per share, with a total value of $2,729.76.
Shares of NASDAQ:MMLP opened at $6.66 on Friday. The company has a debt-to-equity ratio of 2.31, a current ratio of 0.36 and a quick ratio of 0.22. The company has a market capitalization of $261.02 million, a P/E ratio of -35.05, a PEG ratio of 6.24 and a beta of 1.09. Martin Midstream Partners L.P. has a 52 week low of $6.03 and a 52 week high of $14.55.
The company also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Wednesday, May 8th were given a $0.25 dividend. The ex-dividend date of this dividend was Tuesday, May 7th. This represents a $1.00 annualized dividend and a dividend yield of 15.02%. Martin Midstream Partners’s dividend payout ratio (DPR) is presently -526.32%.
Several large investors have recently modified their holdings of the stock. Creative Planning bought a new position in shares of Martin Midstream Partners during the 4th quarter worth about $201,000. Bollard Group LLC lifted its holdings in shares of Martin Midstream Partners by 5.0% during the 4th quarter. Bollard Group LLC now owns 44,000 shares of the pipeline company’s stock worth $452,000 after acquiring an additional 2,100 shares during the period. Bell & Brown Wealth Advisors LLC lifted its holdings in shares of Martin Midstream Partners by 111.3% during the 4th quarter. Bell & Brown Wealth Advisors LLC now owns 33,800 shares of the pipeline company’s stock worth $347,000 after acquiring an additional 17,800 shares during the period. Camelot Portfolios LLC bought a new position in shares of Martin Midstream Partners during the 4th quarter worth about $180,000. Finally, Geode Capital Management LLC lifted its holdings in Martin Midstream Partners by 97.1% during the 4th quarter. Geode Capital Management LLC now owns 44,483 shares of the pipeline company’s stock valued at $457,000 after purchasing an additional 21,909 shares during the last quarter. Institutional investors and hedge funds own 27.25% of the company’s stock.
Several research firms have commented on MMLP. ValuEngine upgraded shares of Martin Midstream Partners from a “hold” rating to a “buy” rating in a research report on Friday, March 1st. BidaskClub upgraded shares of Martin Midstream Partners from a “hold” rating to a “buy” rating in a report on Friday, March 29th. Zacks Investment Research cut shares of Martin Midstream Partners from a “hold” rating to a “sell” rating in a report on Saturday, February 16th. Finally, TheStreet lowered shares of Martin Midstream Partners from a “c” rating to a “d+” rating in a research note on Thursday, April 25th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. Martin Midstream Partners presently has an average rating of “Hold” and a consensus price target of $15.33.
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About Martin Midstream Partners
Martin Midstream Partners L.P. collects, transports, stores, and markets petroleum products and by-products in the United States Gulf Coast region. The company's Terminalling and Storage segment owns or operates 19 marine shore-based terminal facilities and 14 specialty terminal facilities that provide storage, refining, blending, packaging, and handling services for producers and suppliers of petroleum products and by-products.
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