Martin Midstream Partners L.P. (NASDAQ:MMLP)’s share price fell 2.6% during trading on Wednesday . The stock traded as low as $20.58 and last traded at $21.05, with a volume of 203,012 shares traded. The stock had previously closed at $21.62.

Several brokerages have recently commented on MMLP. Zacks Investment Research raised shares of Martin Midstream Partners L.P. from a “sell” rating to a “hold” rating in a research report on Tuesday, July 5th. Robert W. Baird reissued a “hold” rating on shares of Martin Midstream Partners L.P. in a report on Saturday, April 9th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $22.20.

The firm has a market cap of $745.95 million and a PE ratio of 85.18. The stock has a 50-day moving average price of $23.27 and a 200 day moving average price of $20.39.

Martin Midstream Partners L.P. (NASDAQ:MMLP) last announced its earnings results on Wednesday, July 27th. The company reported ($0.14) EPS for the quarter, missing the consensus estimate of $0.24 by $0.38. The company had revenue of $190.35 million for the quarter, compared to analysts’ expectations of $225.13 million. Martin Midstream Partners L.P.’s revenue for the quarter was down 24.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.19 EPS. Equities analysts expect that Martin Midstream Partners L.P. will post $0.75 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, August 12th. Investors of record on Friday, August 5th will be issued a $0.8125 dividend. The ex-dividend date of this dividend is Wednesday, August 3rd. This represents a $3.25 annualized dividend and a yield of 15.45%.

An institutional investor recently raised its position in Martin Midstream Partners L.P. stock. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in Martin Midstream Partners L.P. (NASDAQ:MMLP) by 430.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 56,273 shares of the company’s stock after buying an additional 45,664 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owned 0.16% of Martin Midstream Partners L.P. worth $1,221,000 at the end of the most recent quarter.

Martin Midstream Partners L.P. is a limited partnership company with operations focused in the United States Gulf Coast region. The Company’s segments include Terminalling and Storage, Natural Gas Services, Sulfur Services and Marine Transportation. The Company owns or operates approximately 30 marine shore-based terminal facilities and over 20 specialty terminal facilities located in the United States.

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