Dividend Flows Coverage: Nov 14, 2016 is the day Martin Midstream Partners L.P. (NASDAQ:MMLP) promises dividends of $0.50. Here’s what they have to say.

Dividend Flows Coverage: Nov 14, 2016 is the day Martin Midstream Partners L.P. (NASDAQ:MMLP) promises dividends of $0.50. Here's what they have to say.

Martin Midstream Partners L.P. (NASDAQ:MMLP) is expected to pay $0.50 on Nov 14, 2016. The indicated annual dividend is $2.00. Shareholders owning the stock before Nov 3, 2016 will be eligible to receive the payout. Based on Martin Midstream Partners L.P.’s current price of $19.55, the dividend is 2.56%. This dividend’s record date is Nov 7, 2016 and the announcement date is Oct 21, 2016. The stock decreased 1.91% or $0.38 on October 31, hitting $19.55. Martin Midstream Partners L.P. (NASDAQ:MMLP) has declined 3.88% since March 31, 2016 and is downtrending. It has underperformed by 6.41% the S&P500.

Martin Midstream Partners L.P. is a limited partnership firm with activities focused in the United States Gulf Coast region. The company has a market cap of $715.30 million. The Company’s divisions include Terminalling and Storage, Natural Gas Services, Sulfur Services and Marine Transportation. It has a 79.29 P/E ratio. The Firm owns or operates approximately 30 marine shore terminal facilities and over 20 specialty terminal facilities located in the United States.

Insitutional Activity: The institutional sentiment increased to 1.04 in Q2 2016. Its up 0.35, from 0.69 in 2016Q1. The ratio improved, as 8 funds sold all Martin Midstream Partners L.P. shares owned while 20 reduced positions. 8 funds bought stakes while 21 increased positions. They now own 10.03 million shares or 4.33% less from 10.48 million shares in 2016Q1.
Bank Of America De last reported 77,595 shares in the company. Raymond James Fin Serv Advisors Inc owns 77,102 shares or 0.02% of their US portfolio. The New York-based Morgan Stanley has invested 0% in Martin Midstream Partners L.P. (NASDAQ:MMLP). The Pennsylvania-based Pnc Fincl Services Group has invested 0% in Martin Midstream Partners L.P. (NASDAQ:MMLP). Arrow Advisors Ltd Liability Corporation has 33,145 shares for 0.17% of their US portfolio. Hite Hedge Asset Mgmt Ltd holds 3.21% or 341,907 shares in its portfolio. Kcg last reported 0.01% of its portfolio in the stock. Grp One Trading Limited Partnership has 12,032 shares for 0% of their US portfolio. Architects last reported 0% of its portfolio in the stock. Moreover, Schroder Invest Grp has 0% invested in Martin Midstream Partners L.P. (NASDAQ:MMLP) for 1,900 shares. Renaissance Technologies Limited Liability Co has invested 0.01% of its portfolio in Martin Midstream Partners L.P. (NASDAQ:MMLP). Winslow Evans & Crocker accumulated 9,422 shares or 0% of the stock. Wells Fargo Mn last reported 257,285 shares in the company. Pinnacle Holdings Limited Liability last reported 64,746 shares in the company. Evercore Wealth Mngmt Ltd Liability Com holds 500 shares or 0% of its portfolio.

Insider Transactions: Since May 19, 2016, the stock had 14 insider buys, and 0 sales for $111,819 net activity. $7,539 worth of Martin Midstream Partners L.P. (NASDAQ:MMLP) shares were bought by BONDURANT ROBERT D. 277 shares with value of $5,882 were bought by TAUSCHER RANDALL on Thursday, August 18. MARTIN RUBEN S had bought 822 shares worth $16,363 on Friday, October 7. $127 worth of Martin Midstream Partners L.P. (NASDAQ:MMLP) shares were bought by BOOTH CHRIS H.

Martin Midstream Partners L.P. (NASDAQ:MMLP) Ratings Coverage

Out of 3 analysts covering Martin Midstream Partners LP (NASDAQ:MMLP), 1 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 33% are positive. Martin Midstream Partners LP has been the topic of 5 analyst reports since September 21, 2015 according to StockzIntelligence Inc. FBR Capital maintained Martin Midstream Partners L.P. (NASDAQ:MMLP) rating on Tuesday, October 27. FBR Capital has “Outperform” rating and $34 price target. FBR Capital maintained the shares of MMLP in a report on Friday, October 28 with “Outperform” rating. The stock of Martin Midstream Partners L.P. (NASDAQ:MMLP) has “Neutral” rating given on Friday, September 16 by Janney Capital. The company was initiated on Friday, September 9 by FBR Capital.

More recent Martin Midstream Partners L.P. (NASDAQ:MMLP) news were published by: Reuters.com which released: “BRIEF-Martin Midstream Partners LP announces agreement to divest of Corpus…” on October 20, 2016. Also Globenewswire.com published the news titled: “Martin Midstream Partners Reports 2016 Third Quarter Financial Results” on October 26, 2016. Seekingalpha.com‘s news article titled: “Martin Midstream Partners’ (MMLP) CEO Ruben Martin on Q1 2016 Results …” with publication date: April 29, 2016 was also an interesting one.

MMLP Company Profile

Martin Midstream Partners L.P., incorporated on June 21, 2002, is a limited partnership firm with activities focused in the United States Gulf Coast region. The Company’s divisions include Terminalling and Storage, Natural Gas Services, Sulfur Services and Marine Transportation. The Company’s four primary 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; sulfur and sulfur products gathering, processing, marketing, manufacturing and distribution, and marine transportation services for petroleum products and by-products. The Company’s clients include independent gas and oil companies, independent refiners, chemical companies, fertilizer manufacturers and other wholesale purchasers of these products.

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