15,150 Shares in Martin Midstream Partners L.P. (MMLP) Acquired by Sippican Capital Advisors

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Sippican Capital Advisors acquired a new position in Martin Midstream Partners L.P. (NASDAQ:MMLP) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 15,150 shares of the pipeline company’s stock, valued at approximately $189,000.

A number of other hedge funds also recently made changes to their positions in the business. Trust Asset Management LLC raised its position in Martin Midstream Partners by 6.2% in the third 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. Geode Capital Management LLC lifted its holdings in shares of Martin Midstream Partners by 97.1% in 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 last quarter. Arrow Investment Advisors LLC lifted its holdings in shares of Martin Midstream Partners by 24.3% in 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 last quarter. Bollard Group LLC lifted its holdings in shares of Martin Midstream Partners by 5.0% in the 4th quarter. Bollard Group LLC now owns 44,000 shares of the pipeline company’s stock worth $452,000 after acquiring an additional 2,100 shares during the last quarter. Finally, Bell & Brown Wealth Advisors LLC lifted its holdings in shares of Martin Midstream Partners by 111.3% in the 4th quarter. Bell & Brown Wealth Advisors LLC now owns 33,800 shares of the pipeline company’s stock worth $347,000 after acquiring an additional 17,800 shares during the last quarter. 25.74% of the stock is currently owned by institutional investors and hedge funds.

Shares of MMLP stock traded down $0.28 on Wednesday, hitting $10.04. The stock had a trading volume of 1,278 shares, compared to its average volume of 181,949. The company has a debt-to-equity ratio of 2.48, a current ratio of 1.91 and a quick ratio of 1.07. 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 one year low of $9.13 and a one year high of $16.20.

A number of research firms have recently weighed in on MMLP. ValuEngine downgraded shares of Martin Midstream Partners from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, January 2nd. BidaskClub raised shares of Martin Midstream Partners from a “hold” rating to a “buy” rating in a report on Friday, January 25th. Finally, Zacks Investment Research lowered shares of Martin Midstream Partners from a “hold” rating to a “sell” rating in a report on Saturday, February 16th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. Martin Midstream Partners has a consensus rating of “Hold” and a consensus price target of $15.50.

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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.

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

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