Martin Midstream Partners L.P. (NASDAQ:MMLP) insider Ruben S. Martin purchased 850 shares of Martin Midstream Partners L.P. stock in a transaction dated Wednesday, October 4th. The stock was acquired at an average price of $16.50 per share, for a total transaction of $14,025.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of Martin Midstream Partners L.P. (NASDAQ:MMLP) traded down 0.89% on Friday, reaching $16.75. The company had a trading volume of 17,902 shares. Martin Midstream Partners L.P. has a 1-year low of $15.45 and a 1-year high of $22.88.

Martin Midstream Partners L.P. (NASDAQ:MMLP) last posted its quarterly earnings data on Wednesday, July 26th. The pipeline company reported $0.03 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.07. The business had revenue of $193.90 million for the quarter, compared to analyst estimates of $201.17 million. Martin Midstream Partners L.P. had a return on equity of 9.62% and a net margin of 3.67%. The company’s revenue was up 1.9% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.14) earnings per share. Analysts anticipate that Martin Midstream Partners L.P. will post $0.67 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION WARNING: This story was published by American Banking News and is the sole property of of American Banking News. If you are accessing this story on another domain, it was illegally stolen and reposted in violation of United States & international trademark & copyright law. The correct version of this story can be viewed at https://www.americanbankingnews.com/2017/10/06/ruben-s-martin-buys-850-shares-of-martin-midstream-partners-l-p-mmlp-stock.html.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bollard Group LLC boosted its stake in Martin Midstream Partners L.P. by 0.3% in the second quarter. Bollard Group LLC now owns 63,708 shares of the pipeline company’s stock valued at $1,118,000 after acquiring an additional 193 shares in the last quarter. Sippican Capital Advisors boosted its stake in Martin Midstream Partners L.P. by 1.8% in the second quarter. Sippican Capital Advisors now owns 28,120 shares of the pipeline company’s stock valued at $494,000 after acquiring an additional 500 shares in the last quarter. Royal Bank of Canada boosted its stake in Martin Midstream Partners L.P. by 1.9% in the second quarter. Royal Bank of Canada now owns 32,617 shares of the pipeline company’s stock valued at $573,000 after acquiring an additional 602 shares in the last quarter. Creative Planning boosted its stake in Martin Midstream Partners L.P. by 33.8% in the second quarter. Creative Planning now owns 5,893 shares of the pipeline company’s stock valued at $104,000 after acquiring an additional 1,490 shares in the last quarter. Finally, Stephens Inc. AR boosted its stake in Martin Midstream Partners L.P. by 6.5% in the second quarter. Stephens Inc. AR now owns 28,733 shares of the pipeline company’s stock valued at $504,000 after acquiring an additional 1,754 shares in the last quarter. Institutional investors own 31.80% of the company’s stock.

Several research analysts recently issued reports on the company. Zacks Investment Research cut Martin Midstream Partners L.P. from a “buy” rating to a “hold” rating in a research note on Thursday, September 28th. Robert W. Baird reissued a “hold” rating and issued a $20.00 price objective on shares of Martin Midstream Partners L.P. in a research note on Thursday, August 24th. BidaskClub raised Martin Midstream Partners L.P. from a “sell” rating to a “hold” rating in a research note on Thursday, August 17th. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $20.00 price objective on shares of Martin Midstream Partners L.P. in a research note on Friday, August 11th. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $21.00.

About Martin Midstream Partners L.P.

Martin Midstream Partners L.P. is a limited partnership with a set of operations focused in the United States Gulf Coast region. The Company’s four business lines include terminalling and storage services for petroleum products and by-products, including the refining of naphthenic crude oil and the blending and packaging of finished lubricants; natural gas services, including liquids transportation and distribution services, and natural gas storage; sulfur and sulfur-based products processing, manufacturing, marketing and distribution, and marine transportation services for petroleum products and by-products.

Insider Buying and Selling by Quarter for Martin Midstream Partners L.P. (NASDAQ:MMLP)

Receive News & Ratings for Martin Midstream Partners L.P. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Martin Midstream Partners L.P. and related companies with MarketBeat.com's FREE daily email newsletter.