Martin Midstream Partners (NASDAQ:MMLP) Earns Buy Rating from Analysts at StockNews.com

Investment analysts at StockNews.com started coverage on shares of Martin Midstream Partners (NASDAQ:MMLP) in a report released on Monday. The brokerage set a “buy” rating on the pipeline company’s stock.

Martin Midstream Partners Price Performance

Shares of NASDAQ:MMLP opened at $3.46 on Monday. Martin Midstream Partners has a one year low of $2.04 and a one year high of $4.13. The firm has a market capitalization of $134.94 million, a price-to-earnings ratio of 34.60 and a beta of 2.12. The company’s fifty day moving average price is $3.76 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 raised its holdings in shares of Martin Midstream Partners L.P. (NASDAQ:MMLP) by 13.0% during the third quarter, according to its most recent disclosure 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 reporting period. 34.90% of the stock is currently owned by institutional investors and hedge funds.

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.