US Bancorp DE Purchases 5,000 Shares of Martin Midstream Partners L.P. $MMLP

US Bancorp DE grew its position in Martin Midstream Partners L.P. (NASDAQ:MMLP) by 55.6% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 14,000 shares of the pipeline company’s stock after purchasing an additional 5,000 shares during the quarter. US Bancorp DE’s holdings in Martin Midstream Partners were worth $50,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. Pettinga Financial Advisors LLC bought a new stake in shares of Martin Midstream Partners in the 1st quarter valued at $43,000. Tiptree Advisors LLC bought a new stake in shares of Martin Midstream Partners in the 4th quarter valued at $524,000. Toronto Dominion Bank bought a new stake in shares of Martin Midstream Partners in the 4th quarter valued at $233,000. CSS LLC IL bought a new stake in shares of Martin Midstream Partners in the 4th quarter valued at $100,000. Finally, Squarepoint Ops LLC bought a new stake in shares of Martin Midstream Partners in the 4th quarter valued at $36,000. 34.90% of the stock is owned by institutional investors.

Martin Midstream Partners Stock Down 0.6%

Shares of NASDAQ MMLP opened at $3.31 on Wednesday. The firm has a market cap of $129.29 million, a PE ratio of -8.49 and a beta of 0.55. Martin Midstream Partners L.P. has a 12-month low of $2.56 and a 12-month high of $4.02. The company’s fifty day simple moving average is $3.07 and its 200 day simple moving average is $3.19.

Martin Midstream Partners (NASDAQ:MMLP) last issued its earnings results on Wednesday, July 16th. The pipeline company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.14). The company had revenue of $180.68 million for the quarter, compared to analyst estimates of $199.39 million. On average, equities analysts predict that Martin Midstream Partners L.P. will post 0.15 earnings per share for the current year.

Martin Midstream Partners Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 14th. Shareholders of record on Thursday, August 7th were issued a dividend of $0.005 per share. The ex-dividend date was Thursday, August 7th. This represents a $0.02 annualized dividend and a yield of 0.6%. Martin Midstream Partners’s dividend payout ratio is presently -5.13%.

Analyst Ratings Changes

Separately, Wall Street Zen raised shares of Martin Midstream Partners to a “hold” rating in a research note on Friday, June 6th.

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.