Why Robert Bondurant Purchased 434 Shares of Martin Midstream Partners L.P. (MMLP)?; Alliance California Municipal Income Fund (AKP)’s Sentiment Is 2.33

The stock decreased 0.17% or $0.0234 during the last trading session, reaching $13.5366. About 10,526 shares traded. Alliance California Municipal Income Fund, Inc. (AKP) has declined 7.93% since January 12, 2017 and is downtrending. It has underperformed by 24.63% the S&P500.

Robert Bondurant – a smart insider in Martin Midstream Partners Lp who is the Executive VP and CFO – obtained some 434 shares of Martin Midstream Partners Lp, that are worth about U.S. Dollars 6,515 based on an average market price per share of U.S. Dollars 15.0. The probability of this acquisition staying hidden is extremely low, with the Executive VP and CFO now holding 38,997 shares – that is 0.10% of the market capitalization of Martin Midstream Partners Lp.

Thomas J. Herzfeld Advisors Inc. holds 0.11% of its portfolio in Alliance California Municipal Income Fund, Inc. for 17,781 shares. Advisors Asset Management Inc. owns 413,032 shares or 0.1% of their US portfolio. Moreover, Tradewinds Capital Management Llc has 0.07% invested in the company for 10,000 shares. The California-based Van Hulzen Asset Management Llc has invested 0.05% in the stock. Guggenheim Capital Llc, a Illinois-based fund reported 209,482 shares.

The stock increased 1.29% or $0.2 during the last trading session, reaching $15.7. About 185,025 shares traded or 1.25% up from the average. Martin Midstream Partners L.P. (NASDAQ:MMLP) has declined 14.95% since January 12, 2017 and is downtrending. It has underperformed by 31.65% the S&P500.

Investors sentiment decreased to 0.71 in Q3 2017. Its down 0.04, from 0.75 in 2017Q2. It is negative, as 7 investors sold Martin Midstream Partners L.P. shares while 24 reduced holdings. 8 funds opened positions while 14 raised stakes. 11.75 million shares or 1.97% less from 11.99 million shares in 2017Q2 were reported. Deutsche State Bank Ag has invested 0% of its portfolio in Martin Midstream Partners L.P. (NASDAQ:MMLP). The New York-based Citigroup has invested 0% in Martin Midstream Partners L.P. (NASDAQ:MMLP). Bank Of America De holds 0% or 28,836 shares. 500 are held by Evercore Wealth Management. Advisory Rech owns 544,995 shares. Rafferty Asset Mngmt Lc stated it has 0.05% of its portfolio in Martin Midstream Partners L.P. (NASDAQ:MMLP). Toronto Dominion Bancorporation reported 0% in Martin Midstream Partners L.P. (NASDAQ:MMLP). Bnp Paribas Arbitrage holds 3,859 shares. Maryland-based Arrow Advsrs Ltd Liability has invested 0.19% in Martin Midstream Partners L.P. (NASDAQ:MMLP). 11,809 are held by Barclays Public Limited Company. Royal Bank Of Canada has invested 0% in Martin Midstream Partners L.P. (NASDAQ:MMLP). Morgan Stanley has 114,274 shares. Credit Suisse Ag stated it has 0% in Martin Midstream Partners L.P. (NASDAQ:MMLP). The California-based California Employees Retirement System has invested 0% in Martin Midstream Partners L.P. (NASDAQ:MMLP). Raymond James Finance Advsrs reported 0.01% of its portfolio in Martin Midstream Partners L.P. (NASDAQ:MMLP).

Among 6 analysts covering Martin Midstream Partners LP (NASDAQ:MMLP), 2 have Buy rating, 0 Sell and 4 Hold. Therefore 33% are positive. Martin Midstream Partners LP has $34 highest and $17.0 lowest target. $18.67’s average target is 18.92% above currents $15.7 stock price. Martin Midstream Partners LP had 17 analyst reports since September 21, 2015 according to SRatingsIntel. FBR Capital initiated it with “Buy” rating and $18.0 target in Monday, December 18 report. RBC Capital Markets maintained the shares of MMLP in report on Friday, October 27 with “Hold” rating. Janney Capital initiated Martin Midstream Partners L.P. (NASDAQ:MMLP) rating on Friday, September 16. Janney Capital has “Neutral” rating and $22 target. RBC Capital Markets maintained it with “Hold” rating and $2200 target in Friday, July 28 report. Stifel Nicolaus maintained Martin Midstream Partners L.P. (NASDAQ:MMLP) rating on Thursday, August 10. Stifel Nicolaus has “Hold” rating and $2000 target. As per Tuesday, December 6, the company rating was upgraded by Stifel Nicolaus. As per Tuesday, September 26, the company rating was maintained by Robert W. Baird. On Tuesday, August 22 the stock rating was maintained by Robert W. Baird with “Hold”. B. Riley & Co maintained the stock with “Buy” rating in Tuesday, December 19 report. The rating was maintained by FBR Capital on Friday, October 28 with “Outperform”.

Martin Midstream Partners L.P. collects, transports, stores, and markets petroleum products and by-products in the United States Gulf Coast region. The company has market cap of $603.61 million. The company??s Terminalling and Storage segment owns or operates 26 marine shore 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. It has a 37.12 P/E ratio. This segment also offers land rental services to gas and oil companies, as well as storage and handling services for lubricants and fuels.

Analysts await Martin Midstream Partners L.P. (NASDAQ:MMLP) to report earnings on February, 21. They expect $0.36 EPS, down 26.53% or $0.13 from last year’s $0.49 per share. MMLP’s profit will be $13.84M for 10.90 P/E if the $0.36 EPS becomes a reality. After $-0.18 actual EPS reported by Martin Midstream Partners L.P. for the previous quarter, Wall Street now forecasts -300.00% EPS growth.