Martin Midstream Partners L.P. (NASDAQ:MMLP) Short Interest Update

Martin Midstream Partners L.P. (NASDAQ:MMLP) was the target of a large decrease in short interest during the month of March. As of March 13th, there was short interest totaling 85,713 shares, a decrease of 17.2% from the February 26th total of 103,567 shares. Approximately 0.3% of the company’s shares are short sold. Based on an average daily volume of 17,464 shares, the short-interest ratio is presently 4.9 days.

Institutional Investors Weigh In On Martin Midstream Partners

Hedge funds have recently added to or reduced their stakes in the stock. Artisan Partners Limited Partnership increased its holdings in shares of Martin Midstream Partners by 7.1% during the fourth quarter. Artisan Partners Limited Partnership now owns 114,935 shares of the pipeline company’s stock valued at $300,000 after acquiring an additional 7,596 shares in the last quarter. Commerce Bank bought a new stake in Martin Midstream Partners during the 4th quarter valued at about $28,000. Jane Street Group LLC raised its holdings in Martin Midstream Partners by 139.3% in the fourth quarter. Jane Street Group LLC now owns 24,068 shares of the pipeline company’s stock worth $63,000 after buying an additional 14,010 shares during the last quarter. Susquehanna International Group LLP lifted its stake in shares of Martin Midstream Partners by 298.9% in the third quarter. Susquehanna International Group LLP now owns 44,126 shares of the pipeline company’s stock worth $135,000 after buying an additional 33,064 shares in the last quarter. Finally, Citadel Advisors LLC purchased a new stake in shares of Martin Midstream Partners during the third quarter valued at approximately $41,000. 34.90% of the stock is owned by institutional investors.

Martin Midstream Partners Price Performance

NASDAQ:MMLP traded up $0.06 during mid-day trading on Wednesday, hitting $2.82. 13,944 shares of the company’s stock were exchanged, compared to its average volume of 15,236. The company has a market cap of $109.94 million, a PE ratio of -7.61 and a beta of 0.56. Martin Midstream Partners has a one year low of $2.21 and a one year high of $3.64. The business has a fifty day moving average price of $2.78 and a 200 day moving average price of $2.77.

Martin Midstream Partners (NASDAQ:MMLP) last announced its earnings results on Wednesday, February 18th. The pipeline company reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.13). The business had revenue of $174.20 million for the quarter, compared to analyst estimates of $194.47 million. On average, equities analysts forecast that Martin Midstream Partners will post 0.15 EPS for the current fiscal year.

Martin Midstream Partners Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 13th. Investors of record on Friday, February 6th were given a dividend of $0.005 per share. This represents a $0.02 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend was Friday, February 6th. Martin Midstream Partners’s dividend payout ratio (DPR) is -5.41%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Weiss Ratings reiterated a “sell (d)” rating on shares of Martin Midstream Partners in a research report on Thursday, January 22nd. Stifel Nicolaus decreased their target price on Martin Midstream Partners from $4.00 to $3.00 and set a “hold” rating for the company in a report on Thursday, March 12th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus target price of $3.00.

Martin Midstream Partners Company Profile

Martin Midstream Partners L.P. is a publicly traded midstream energy partnership that provides storage, transportation and distribution services for petroleum and chemical products. The company’s operations encompass bulk liquid terminals, marine transportation services and handling facilities designed to support a variety of feedstocks and refined products. Through its network of terminals and pipelines, Martin Midstream serves refineries, petrochemical plants and other industrial customers, offering solutions that help optimize logistics and maintain supply chain reliability.

With core assets located along the U.S.