Jane Street Group LLC bought a new stake in shares of Martin Midstream Partners L.P. (NASDAQ:MMLP) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 10,585 shares of the pipeline company’s stock, valued at approximately $109,000.
A number of other institutional investors have also recently made changes to their positions in the stock. Bollard Group LLC boosted its holdings in Martin Midstream Partners by 5.0% during the 4th quarter. Bollard Group LLC now owns 44,000 shares of the pipeline company’s stock valued at $452,000 after acquiring an additional 2,100 shares during the period. Endurance Wealth Management Inc. boosted its holdings in Martin Midstream Partners by 19.6% during the 4th quarter. Endurance Wealth Management Inc. now owns 17,100 shares of the pipeline company’s stock valued at $175,000 after acquiring an additional 2,800 shares during the period. Trust Asset Management LLC boosted its holdings in Martin Midstream Partners by 6.2% during the 3rd quarter. Trust Asset Management LLC now owns 64,590 shares of the pipeline company’s stock valued at $749,000 after acquiring an additional 3,799 shares during the period. Gradient Investments LLC purchased a new position in Martin Midstream Partners during the 4th quarter valued at about $51,000. Finally, Barclays PLC boosted its holdings in Martin Midstream Partners by 124.5% during the 4th quarter. Barclays PLC now owns 15,162 shares of the pipeline company’s stock valued at $156,000 after acquiring an additional 8,408 shares during the period. Institutional investors own 25.74% of the company’s stock.
Shares of MMLP opened at $10.22 on Friday. The company has a debt-to-equity ratio of 2.48, a current ratio of 1.91 and a quick ratio of 1.07. The stock has a market capitalization of $399.08 million, a PE ratio of -53.79 and a beta of 1.28. Martin Midstream Partners L.P. has a 1 year low of $9.13 and a 1 year high of $16.20.
MMLP has been the subject of a number of research analyst reports. BidaskClub upgraded Martin Midstream Partners from a “hold” rating to a “buy” rating in a report on Friday, February 15th. ValuEngine upgraded Martin Midstream Partners from a “hold” rating to a “buy” rating in a report on Friday, March 1st. Finally, Zacks Investment Research cut Martin Midstream Partners from a “hold” rating to a “sell” rating in a report on Wednesday. Two analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $15.50.
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Martin Midstream Partners Profile
Martin Midstream Partners L.P. collects, transports, stores, and markets petroleum products and by-products in the United States Gulf Coast region. The company's Terminalling and Storage segment owns or operates 19 marine shore-based terminal facilities and 14 specialty terminal facilities that provide storage, refining, blending, packaging, and handling services for producers and suppliers of petroleum products and by-products.
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