Martin Midstream Partners L.P. (NASDAQ:MMLP) has been given a consensus recommendation of “Hold” by the six analysts that are covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $16.00.
A number of equities analysts have recently issued reports on MMLP shares. BidaskClub raised Zynerba Pharmaceuticals from a “hold” rating to a “buy” rating in a research note on Thursday, July 4th. ValuEngine raised Zynerba Pharmaceuticals from a “sell” rating to a “hold” rating in a research note on Monday, April 1st. TheStreet downgraded Trinity Industries from a “b” rating to a “c” rating in a research note on Thursday, April 25th. Finally, Zacks Investment Research raised DLH from a “sell” rating to a “hold” rating in a research note on Tuesday, July 9th.
Martin Midstream Partners stock traded down $0.06 during mid-day trading on Tuesday, reaching $7.05. 134,200 shares of the company were exchanged, compared to its average volume of 247,545. Martin Midstream Partners has a twelve month low of $6.03 and a twelve month high of $14.32. The stock has a 50-day moving average price of $6.78. The company has a current ratio of 0.36, a quick ratio of 0.22 and a debt-to-equity ratio of 2.31. The stock has a market capitalization of $279.30 million, a price-to-earnings ratio of -37.11, a PEG ratio of 6.58 and a beta of 1.09.
In other news, CFO Robert D. Bondurant acquired 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 11th. The stock was purchased at an average cost of $6.67 per share, with a total value of $66,700.00. Following the purchase, the chief financial officer now directly owns 78,101 shares of the company’s stock, valued at approximately $520,933.67. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Chris H. Booth acquired 9,500 shares of the company’s stock in a transaction that occurred on Tuesday, June 11th. The stock was purchased at an average cost of $6.75 per share, with a total value of $64,125.00. Following the completion of the purchase, the vice president now directly owns 25,803 shares in the company, valued at $174,170.25. The disclosure for this purchase can be found here. Insiders purchased a total of 44,285 shares of company stock valued at $306,465 over the last ninety days. 17.00% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MMLP. Jane Street Group LLC purchased a new position in Martin Midstream Partners in the 4th quarter valued at approximately $109,000. Barclays PLC increased its position in Martin Midstream Partners by 124.5% during the fourth quarter. Barclays PLC now owns 15,162 shares of the pipeline company’s stock worth $156,000 after buying an additional 8,408 shares in the last quarter. Sippican Capital Advisors purchased a new position in Martin Midstream Partners during the first quarter worth $189,000. Virtu Financial LLC purchased a new position in Martin Midstream Partners during the first quarter worth $418,000. Finally, Geode Capital Management LLC increased its position in Martin Midstream Partners by 97.1% during the fourth quarter. Geode Capital Management LLC now owns 44,483 shares of the pipeline company’s stock worth $457,000 after buying an additional 21,909 shares in the last quarter. 27.24% of the stock is owned by hedge funds and other institutional investors.
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.
Recommended Story: Why is Cost of Capital Important?
Receive News & Ratings for Martin Midstream Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Martin Midstream Partners and related companies with MarketBeat.com's FREE daily email newsletter.