Zacks Investment Research upgraded shares of Martin Midstream Partners (NASDAQ:MMLP) from a sell rating to a hold rating in a report published on Tuesday morning, Zacks.com reports.

According to Zacks, “Martin Midstream is a limited partnership which stores and transports hydrocarbon products and specialty chemicals, primarily in the Gulf Coast. It runs a marine transportation business, mostly barges and tugs, and operates storage tanks. “

Other equities research analysts have also issued research reports about the company. BidaskClub raised Zynerba Pharmaceuticals from a hold rating to a buy rating in a research note on Thursday, July 4th. ValuEngine raised Zynerba Pharmaceuticals from a sell rating to a hold rating in a research note on Monday, April 1st. Finally, TheStreet lowered Trinity Industries from a b rating to a c rating in a research note on Thursday, April 25th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company’s stock. The company has an average rating of Hold and an average price target of $15.33.

Shares of MMLP traded up $0.13 on Tuesday, reaching $7.15. The stock had a trading volume of 100 shares, compared to its average volume of 136,559. Martin Midstream Partners has a twelve month low of $6.03 and a twelve month high of $14.32. The company has a debt-to-equity ratio of 2.31, a current ratio of 0.36 and a quick ratio of 0.22. The company’s 50-day moving average is $6.79. The stock has a market cap of $273.08 million, a price-to-earnings ratio of -37.42, a PEG ratio of 6.70 and a beta of 1.09.

Martin Midstream Partners (NASDAQ:MMLP) last posted its earnings results on Wednesday, April 24th. The pipeline company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.31). Martin Midstream Partners had a net margin of 2.78% and a negative return on equity of 10.10%. The company had revenue of $250.97 million during the quarter, compared to analysts’ expectations of $276.53 million. As a group, equities analysts anticipate that Martin Midstream Partners will post 0.54 EPS for the current year.

In other Martin Midstream Partners news, CFO Robert D. Bondurant purchased 10,000 shares of Martin Midstream Partners stock in a transaction on Tuesday, June 11th. The shares were bought at an average price of $6.67 per share, with a total value of $66,700.00. Following the purchase, the chief financial officer now directly owns 78,101 shares in the company, valued at approximately $520,933.67. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Randall Tauscher purchased 20,000 shares of Martin Midstream Partners stock in a transaction on Tuesday, June 11th. The shares were acquired at an average cost of $6.81 per share, for a total transaction of $136,200.00. Following the purchase, the insider now owns 72,371 shares in the company, valued at $492,846.51. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 44,285 shares of company stock worth $306,465. 17.00% of the stock is owned by corporate insiders.

Several institutional investors have recently modified their holdings of the business. Geode Capital Management LLC increased its position in Martin Midstream Partners by 97.1% during the 4th quarter. Geode Capital Management LLC now owns 44,483 shares of the pipeline company’s stock valued at $457,000 after buying an additional 21,909 shares in the last quarter. Barclays PLC increased its position in Martin Midstream Partners by 124.5% during the 4th quarter. Barclays PLC now owns 15,162 shares of the pipeline company’s stock valued at $156,000 after buying an additional 8,408 shares in the last quarter. Jane Street Group LLC acquired a new position in Martin Midstream Partners during the 4th quarter valued at about $109,000. Virtu Financial LLC acquired a new position in Martin Midstream Partners during the 1st quarter valued at about $418,000. Finally, Sippican Capital Advisors acquired a new position in Martin Midstream Partners during the 1st quarter valued at about $189,000. 27.24% of the stock is currently owned by institutional investors.

About Martin Midstream Partners

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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