Martin Midstream Partners L.P. (NASDAQ:MMLP) VP Chris H. Booth acquired 9,500 shares of the business’s stock in a transaction dated Tuesday, June 11th. The shares were purchased at an average price of $6.75 per share, with a total value of $64,125.00. Following the transaction, the vice president now owns 25,803 shares of the company’s stock, valued at $174,170.25. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website.

MMLP traded down $0.06 on Friday, hitting $6.60. The company had a trading volume of 17,373 shares, compared to its average volume of 283,765. The firm has a market cap of $256.74 million, a P/E ratio of -34.74, a P/E/G ratio of 6.24 and a beta of 1.09. Martin Midstream Partners L.P. has a 12-month low of $6.03 and a 12-month high of $14.55. The company has a current ratio of 0.36, a quick ratio of 0.22 and a debt-to-equity ratio of 2.31.

Martin Midstream Partners (NASDAQ:MMLP) last released its quarterly earnings results on Wednesday, April 24th. The pipeline company reported ($0.09) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.22 by ($0.31). The company had revenue of $250.97 million during the quarter, compared to analysts’ expectations of $276.53 million. Martin Midstream Partners had a negative return on equity of 10.10% and a net margin of 2.78%. On average, research analysts forecast that Martin Midstream Partners L.P. will post 0.54 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 8th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 15.15%. The ex-dividend date of this dividend was Tuesday, May 7th. Martin Midstream Partners’s payout ratio is currently -526.32%.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Advisor Group Inc. lifted its stake in Martin Midstream Partners by 113.4% in the first quarter. Advisor Group Inc. now owns 3,652 shares of the pipeline company’s stock worth $46,000 after purchasing an additional 1,941 shares during the last quarter. Jane Street Group LLC bought a new stake in Martin Midstream Partners in the fourth quarter worth about $109,000. Acadian Asset Management LLC bought a new stake in shares of Martin Midstream Partners during the first quarter valued at approximately $181,000. Sippican Capital Advisors bought a new stake in shares of Martin Midstream Partners during the first quarter valued at approximately $189,000. Finally, Barclays PLC raised its stake in shares of Martin Midstream Partners by 124.5% during the fourth quarter. Barclays PLC now owns 15,162 shares of the pipeline company’s stock valued at $156,000 after acquiring an additional 8,408 shares in the last quarter. 27.25% of the stock is owned by institutional investors and hedge funds.

Several research analysts recently commented on MMLP shares. BidaskClub upgraded Martin Midstream Partners from a “strong sell” rating to a “sell” rating in a research report on Thursday. ValuEngine lowered Martin Midstream Partners from a “buy” rating to a “hold” rating in a research report on Monday, April 1st. TheStreet lowered Martin Midstream Partners from a “c” rating to a “d+” rating in a research report on Thursday, April 25th. Finally, Zacks Investment Research lowered Martin Midstream Partners from a “hold” rating to a “sell” rating in a research report on Wednesday, April 17th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. Martin Midstream Partners has a consensus rating of “Hold” and an average price target of $15.33.

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Martin Midstream Partners Company Profile

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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