Martin Midstream Partners L.P. (NASDAQ:MMLP) CFO Robert D. Bondurant acquired 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 14th. The stock was bought at an average price of $13.58 per share, with a total value of $27,160.00. Following the transaction, the chief financial officer now directly owns 39,314 shares in the company, valued at $533,884.12. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website.

Martin Midstream Partners L.P. (NASDAQ:MMLP) traded down $0.25 during mid-day trading on Tuesday, reaching $14.20. 228,200 shares of the company traded hands, compared to its average volume of 154,563. The company has a market cap of $527.68, a PE ratio of 20.64 and a beta of 1.57. Martin Midstream Partners L.P. has a 1 year low of $13.90 and a 1 year high of $20.90. The company has a quick ratio of 0.86, a current ratio of 2.04 and a debt-to-equity ratio of 2.78.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 14th. Shareholders of record on Tuesday, November 7th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 14.08%. The ex-dividend date is Monday, November 6th. Martin Midstream Partners L.P.’s payout ratio is 434.78%.

COPYRIGHT VIOLATION NOTICE: “Martin Midstream Partners L.P. (MMLP) CFO Robert D. Bondurant Buys 2,000 Shares” was reported by Daily Political and is the sole property of of Daily Political. If you are reading this story on another website, it was illegally stolen and republished in violation of US and international trademark & copyright laws. The correct version of this story can be read at https://www.dailypolitical.com/2017/11/14/martin-midstream-partners-l-p-mmlp-cfo-robert-d-bondurant-buys-2000-shares.html.

Several research analysts recently weighed in on the stock. Royal Bank Of Canada restated a “hold” rating and issued a $18.00 price objective on shares of Martin Midstream Partners L.P. in a research report on Friday, October 27th. Zacks Investment Research cut shares of Martin Midstream Partners L.P. from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 27th. Stifel Nicolaus dropped their price objective on shares of Martin Midstream Partners L.P. from $19.00 to $17.00 and set a “hold” rating for the company in a research report on Thursday, October 26th. Robert W. Baird restated a “hold” rating and issued a $20.00 price objective on shares of Martin Midstream Partners L.P. in a research report on Thursday, August 24th. Finally, BidaskClub upgraded shares of Martin Midstream Partners L.P. from a “sell” rating to a “hold” rating in a research report on Thursday, August 17th. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $19.60.

Several institutional investors have recently modified their holdings of MMLP. Creative Planning raised its position in shares of Martin Midstream Partners L.P. by 33.8% during the 2nd 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 during the last quarter. The Manufacturers Life Insurance Company raised its position in shares of Martin Midstream Partners L.P. by 192.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 9,543 shares of the pipeline company’s stock valued at $167,000 after acquiring an additional 6,280 shares during the last quarter. Ameriprise Financial Inc. raised its position in shares of Martin Midstream Partners L.P. by 61.1% during the 1st quarter. Ameriprise Financial Inc. now owns 19,753 shares of the pipeline company’s stock valued at $395,000 after acquiring an additional 7,493 shares during the last quarter. Sippican Capital Advisors raised its position in shares of Martin Midstream Partners L.P. by 1.8% during the 2nd 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 during the last quarter. Finally, Stephens Inc. AR raised its position in shares of Martin Midstream Partners L.P. by 6.5% during the 2nd 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 during the last quarter. Institutional investors own 32.55% of the company’s stock.

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.