Sippican Capital Advisors Buys Shares of 15,150 Martin Midstream Partners L.P. (MMLP)

Sippican Capital Advisors bought a new position in shares of Martin Midstream Partners L.P. (NASDAQ:MMLP) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 15,150 shares of the pipeline company’s stock, valued at approximately $189,000.

Other large investors have also made changes to their positions in the company. Trust Asset Management LLC lifted its holdings in shares of 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 worth $749,000 after acquiring an additional 3,799 shares during the period. Endurance Wealth Management Inc. lifted its holdings in shares of 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 worth $175,000 after acquiring an additional 2,800 shares during the period. Gradient Investments LLC bought a new stake in shares of Martin Midstream Partners during the 4th quarter worth approximately $51,000. Creative Planning bought a new stake in shares of Martin Midstream Partners during the 4th quarter worth approximately $201,000. Finally, Arrow Investment Advisors LLC lifted its holdings in shares of Martin Midstream Partners by 24.3% during the 4th quarter. Arrow Investment Advisors LLC now owns 44,219 shares of the pipeline company’s stock worth $455,000 after acquiring an additional 8,655 shares during the period. Hedge funds and other institutional investors own 25.74% of the company’s stock.

A number of analysts have recently weighed in on MMLP shares. ValuEngine downgraded shares of Martin Midstream Partners from a “buy” rating to a “hold” rating in a report on Thursday, February 7th. BidaskClub raised shares of Martin Midstream Partners from a “hold” rating to a “buy” rating in a research note on Friday, March 29th. Finally, Zacks Investment Research downgraded shares of Martin Midstream Partners from a “hold” rating to a “sell” rating in a research note on Saturday, February 16th. 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 company’s stock. The stock has an average rating of “Hold” and a consensus price target of $15.50.

Shares of MMLP stock traded down $0.28 during trading hours on Wednesday, hitting $10.04. 1,278 shares of the company’s stock traded hands, compared to its average volume of 181,949. The company has a market capitalization of $403.00 million, a P/E ratio of -53.37 and a beta of 1.28. Martin Midstream Partners L.P. has a 12 month low of $9.13 and a 12 month high of $16.20. The company has a debt-to-equity ratio of 2.48, a quick ratio of 1.07 and a current ratio of 1.91.

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Martin Midstream Partners Company 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.

Further Reading: What is an SEC Filing?

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Institutional Ownership by Quarter for Martin Midstream Partners (NASDAQ:MMLP)

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