StockNews.com Initiates Coverage on Martin Midstream Partners (NASDAQ:MMLP)

Equities researchers at StockNews.com initiated coverage on shares of Martin Midstream Partners (NASDAQ:MMLP) in a report issued on Sunday. The firm set a “buy” rating on the pipeline company’s stock.

Martin Midstream Partners Price Performance

Shares of MMLP stock opened at $3.56 on Friday. The stock has a 50-day moving average of $3.81 and a 200-day moving average of $3.76. Martin Midstream Partners has a one year low of $2.04 and a one year high of $4.13. The stock has a market cap of $138.84 million, a PE ratio of 35.60 and a beta of 2.12.

Institutional Inflows and Outflows

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

About Martin Midstream Partners

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.