Squarepoint Ops LLC bought a new position in Martin Midstream Partners L.P. (NASDAQ:MMLP – Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 10,000 shares of the pipeline company’s stock, valued at approximately $36,000. Several other large investors have also made changes to their positions in MMLP. Nomura Holdings Inc. bought a new stake in shares of Martin Midstream Partners in the 4th quarter worth about $3,360,000. Nexpoint Asset Management L.P. bought a new stake in Martin Midstream Partners during the 4th quarter worth about $1,636,000. Gardner Lewis Asset Management L P bought a new stake in Martin Midstream Partners during the 4th quarter worth about $824,000. JPMorgan Chase & Co. grew its holdings in Martin Midstream Partners by 24.4% during the 4th quarter. JPMorgan Chase & Co. now owns 713,930 shares of the pipeline company’s stock worth $2,563,000 after acquiring an additional 140,196 shares during the last quarter. Finally, Toronto Dominion Bank bought a new stake in Martin Midstream Partners during the 4th quarter worth about $233,000. Institutional investors own 34.90% of the company’s stock. Analyst Ratings Changes Separately, Wall Street Zen raised shares of Martin Midstream Partners to a “hold” rating in a report on Friday, June 6th. View Our Latest Stock Analysis on Martin Midstream Partners Martin Midstream Partners Stock Up 1.0% Shares of NASDAQ:MMLP opened at $3.08 on Wednesday. Martin Midstream Partners L.P. has a 12 month low of $2.56 and a 12 month high of $4.13. The company’s 50-day moving average price is $2.94 and its two-hundred day moving average price is $3.43. The firm has a market cap of $100.10 million, a P/E ratio of -23.69 and a beta of 0.71. Martin Midstream Partners (NASDAQ:MMLP – Get Free Report) last issued its quarterly earnings data on Wednesday, April 16th. The pipeline company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.03). The company had revenue of $192.54 million for the quarter, compared to the consensus estimate of $187.13 million. Martin Midstream Partners had a negative return on equity of 6.93% and a negative net margin of 0.73%. During the same period in the prior year, the company earned $0.08 EPS. As a group, equities analysts predict that Martin Midstream Partners L.P. will post 0.15 earnings per share for the current fiscal year. Martin Midstream Partners Announces Dividend The firm also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Thursday, May 8th were paid a $0.005 dividend. This represents a $0.02 annualized dividend and a dividend yield of 0.65%. The ex-dividend date of this dividend was Thursday, May 8th. Martin Midstream Partners’s dividend payout ratio (DPR) is presently -8.33%. About Martin Midstream Partners (Free Report) 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. Read More Five stocks we like better than Martin Midstream Partners How to Calculate Options Profits AppLovin Dips on S&P 500 Snub, Morgan Stanley Lifts Target Anyway Why Invest in High-Yield Dividend Stocks? Casey’s Surges on Strong Q4, More Gains Likely Ahead What is the FTSE 100 index? Government Mandate Sends eVTOL Stocks Flying
