Martin Midstream Partners L.P. (NASDAQ:MMLP) was the target of a significant increase in short interest in January. As of January 31st, there was short interest totalling 789,037 shares, an increase of 41.4% from the January 12th total of 557,866 shares. Based on an average trading volume of 161,328 shares, the days-to-cover ratio is currently 4.9 days. Currently, 2.5% of the company’s stock are short sold.

Several research analysts recently issued reports on the stock. Zacks Investment Research raised shares of Martin Midstream Partners from a “sell” rating to a “hold” rating in a research note on Wednesday, January 3rd. BidaskClub raised shares of Martin Midstream Partners from a “hold” rating to a “buy” rating in a research note on Friday, January 26th. Royal Bank of Canada reissued a “hold” rating and set a $18.00 target price on shares of Martin Midstream Partners in a research note on Friday, October 27th. Finally, B. Riley set a $18.00 target price on shares of Martin Midstream Partners and gave the stock a “buy” rating in a research note on Wednesday, January 3rd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $19.33.

A number of hedge funds and other institutional investors have recently modified their holdings of MMLP. Royal Bank of Canada lifted its stake in shares of Martin Midstream Partners 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 buying an additional 602 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its stake in shares of Martin Midstream Partners by 2.7% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 91,873 shares of the pipeline company’s stock valued at $1,612,000 after buying an additional 2,385 shares in the last quarter. Advisors Capital Management LLC lifted its stake in shares of Martin Midstream Partners by 1.7% in the third quarter. Advisors Capital Management LLC now owns 182,231 shares of the pipeline company’s stock valued at $2,834,000 after buying an additional 3,035 shares in the last quarter. Sippican Capital Advisors lifted its stake in shares of Martin Midstream Partners by 12.4% in the fourth quarter. Sippican Capital Advisors now owns 32,520 shares of the pipeline company’s stock valued at $455,000 after buying an additional 3,600 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of Martin Midstream Partners by 28.1% in the fourth quarter. Geode Capital Management LLC now owns 24,013 shares of the pipeline company’s stock valued at $336,000 after buying an additional 5,267 shares in the last quarter. 30.21% of the stock is currently owned by institutional investors and hedge funds.

Martin Midstream Partners (NASDAQ MMLP) opened at $15.25 on Wednesday. The stock has a market cap of $582.47, a price-to-earnings ratio of 33.15 and a beta of 1.53. Martin Midstream Partners has a 12 month low of $12.70 and a 12 month high of $20.55. The company has a debt-to-equity ratio of 2.78, a quick ratio of 0.86 and a current ratio of 2.04.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 14th. Investors of record on Wednesday, February 7th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 13.11%. The ex-dividend date of this dividend is Tuesday, February 6th. Martin Midstream Partners’s dividend payout ratio is presently 434.78%.

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Martin Midstream Partners Company Profile

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.

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