Martin Midstream Partners (NASDAQ:MMLP) Coverage Initiated at StockNews.com

Equities researchers at StockNews.com started coverage on shares of Martin Midstream Partners (NASDAQ:MMLP) in a research report issued to clients and investors on Tuesday. The brokerage set a “buy” rating on the pipeline company’s stock.

Martin Midstream Partners Trading Up 2.8 %

NASDAQ MMLP opened at $3.68 on Tuesday. The business has a fifty day simple moving average of $3.72 and a 200 day simple moving average of $3.76. Martin Midstream Partners has a 12 month low of $2.10 and a 12 month high of $4.13. The firm has a market capitalization of $143.52 million, a P/E ratio of 36.80 and a beta of 2.10.

Institutional Investors Weigh In On Martin Midstream Partners

A hedge fund recently raised its stake in Martin Midstream Partners stock. De Lisle Partners LLP lifted its holdings in shares of Martin Midstream Partners L.P. (NASDAQ:MMLP) by 13.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 260,833 shares of the pipeline company’s stock after acquiring an additional 30,000 shares during the quarter. De Lisle Partners LLP owned 0.67% of Martin Midstream Partners worth $953,000 at the end of the most recent quarter. 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.