De Lisle Partners LLP Has $953,000 Holdings in Martin Midstream Partners L.P. (NASDAQ:MMLP)

De Lisle Partners LLP increased its holdings in shares of Martin Midstream Partners L.P. (NASDAQ:MMLP) by 13.0% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 260,833 shares of the pipeline company’s stock after acquiring an additional 30,000 shares during the period. De Lisle Partners LLP owned about 0.67% of Martin Midstream Partners worth $953,000 at the end of the most recent quarter.

Separately, Virtu Financial LLC acquired a new stake in shares of Martin Midstream Partners in the first quarter valued at $55,000. 34.90% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on shares of Martin Midstream Partners in a research report on Sunday, November 24th. They set a “buy” rating on the stock.

Martin Midstream Partners Price Performance

MMLP opened at $3.99 on Friday. The stock has a market capitalization of $155.61 million, a P/E ratio of 39.90 and a beta of 2.10. The company’s 50 day simple moving average is $3.91 and its 200-day simple moving average is $3.60. Martin Midstream Partners L.P. has a one year low of $2.04 and a one year high of $4.13.

Martin Midstream Partners (NASDAQ:MMLP) last announced its quarterly earnings data on Wednesday, October 16th. The pipeline company reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.05). The firm had revenue of $170.93 million during the quarter, compared to the consensus estimate of $176.43 million. Martin Midstream Partners had a net margin of 0.59% and a negative return on equity of 6.93%. During the same quarter in the previous year, the business posted ($0.03) earnings per share. As a group, analysts anticipate that Martin Midstream Partners L.P. will post 0.16 EPS for the current year.

Martin Midstream Partners Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Thursday, November 7th were issued a dividend of $0.005 per share. The ex-dividend date of this dividend was Thursday, November 7th. This represents a $0.02 annualized dividend and a yield of 0.50%. Martin Midstream Partners’s dividend payout ratio is currently 20.00%.

Martin Midstream Partners Company Profile

Martin Midstream Partners L.P., together with its subsidiaries, provides terminalling, processing, storage, and packaging services for petroleum products and by-products primarily in the United States. The company operates in four segments: Terminalling and Storage, Transportation, Sulfur Services, and Specialty Products.