Other research analysts have also issued research reports about the stock. ValuEngine raised shares of Zynerba Pharmaceuticals from a sell rating to a hold rating in a research note on Monday, April 1st. TheStreet lowered shares of Trinity Industries from a b rating to a c rating in a research note on Thursday, April 25th. Finally, Zacks Investment Research upgraded shares of DLH from a sell rating to a hold rating in a research note on Tuesday, July 9th. Three analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company has an average rating of Hold and a consensus target price of $14.50.
MMLP opened at $6.85 on Wednesday. The stock has a market capitalization of $269.96 million, a PE ratio of -36.05, a price-to-earnings-growth ratio of 6.97 and a beta of 1.09. The company’s fifty day moving average is $6.78. Martin Midstream Partners has a fifty-two week low of $6.03 and a fifty-two week high of $14.32. The company has a quick ratio of 0.22, a current ratio of 0.36 and a debt-to-equity ratio of 2.31.
In other Martin Midstream Partners news, insider Randall Tauscher bought 20,000 shares of Martin Midstream Partners stock in a transaction on Tuesday, June 11th. The stock was bought at an average price of $6.81 per share, with a total value of $136,200.00. Following the completion of the acquisition, the insider now owns 72,371 shares in the company, valued at $492,846.51. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Chris H. Booth bought 9,500 shares of Martin Midstream Partners stock in a transaction on Tuesday, June 11th. The stock was acquired at an average cost of $6.75 per share, with a total value of $64,125.00. Following the acquisition, the vice president now owns 25,803 shares of the company’s stock, valued at approximately $174,170.25. The disclosure for this purchase can be found here. Over the last quarter, insiders purchased 44,285 shares of company stock worth $306,465. 17.00% of the stock is currently owned by insiders.
A number of institutional investors have recently added to or reduced their stakes in the business. Jane Street Group LLC acquired a new stake in shares of Martin Midstream Partners during the 4th quarter valued at approximately $109,000. Sippican Capital Advisors acquired a new stake in Martin Midstream Partners during the 1st quarter worth about $189,000. Barclays PLC grew 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 worth $156,000 after acquiring an additional 8,408 shares during the period. Virtu Financial LLC acquired a new stake in Martin Midstream Partners during the 1st quarter worth about $418,000. Finally, Geode Capital Management LLC grew its holdings in Martin Midstream Partners by 97.1% during the 4th quarter. Geode Capital Management LLC now owns 44,483 shares of the pipeline company’s stock worth $457,000 after acquiring an additional 21,909 shares during the period. 27.24% of the stock is owned by institutional investors.
About Martin Midstream Partners
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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