Martin Midstream Partners (NASDAQ:MMLP) Now Covered by Analysts at StockNews.com

Research analysts at StockNews.com initiated coverage on shares of Martin Midstream Partners (NASDAQ:MMLP) in a note issued to investors on Monday. The brokerage set a “buy” rating on the pipeline company’s stock.

Martin Midstream Partners Trading Down 0.3 %

Shares of MMLP opened at $3.56 on Monday. The stock has a market capitalization of $138.84 million, a P/E ratio of 35.60 and a beta of 2.12. Martin Midstream Partners has a 1-year low of $2.04 and a 1-year high of $4.13. The business’s 50-day moving average price is $3.78 and its 200 day moving average price is $3.76.

Hedge Funds Weigh In On Martin Midstream Partners

An institutional investor recently raised its position in Martin Midstream Partners stock. De Lisle Partners LLP lifted its position in shares of Martin Midstream Partners L.P. (NASDAQ:MMLP) by 13.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 260,833 shares of the pipeline company’s stock after purchasing an additional 30,000 shares during the period. De Lisle Partners LLP owned 0.67% of Martin Midstream Partners worth $953,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 34.90% of the company’s stock.

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.