Ruben Martin (Insider Trades), CEO, president and 10% owner of Martin Midstream Partners LP (MMLP), bought 2,000 shares of the company on March 3. The average price per share was $17.15 for a total transaction cost of $34,300. Martin Midstream is a limited partnership that is focused on oil and petroleum distribution, marketing and packaging services, as well as sulfur and sulfur product packaging, marketing, and distribution. The company has a market cap of $606.31 million and a P/S ratio of 0.50.
The total number of insider buys per year spiked at 42 transactions of 20,700 shares in 2014, but decreased the following year to 33 transactions of 13,669 shares. There were 11 transactions amounting to 32,781 shares in the first two months and three days of 2016 alone. There were no MMLP insider sells from 2013 to 2015. Martin acquired 45,796 shares of the company in 34 transactions since the beginning of 2013. His earliest transaction since then decreased in value by about 45%. MMLP Executive Vice President and CFO, Robert Bondurant (Insider Trades), purchased 5,000 shares of the company at an average per share price of $16.43 on March 4, 2015. Two days prior, MMLP Vice President, General Counsel and Secretary, Chris Booth (Insider Trades), acquired 3,500 shares of the company for an average per share price of $15.93. The spike in insider buys correlates to a decrease in month end price for the company. 
For more information about insider transactions with Martin Midstream Partner LP, click here.
The company reported net income of $6.841 million in the fourth quarter of 2015 ended Dec. 31, 2015. Net income increased from $4.374 million in the corresponding quarter of 2014. The company also declared a quarterly cash distribution of 81.2 cents per unit, or $3.25 per unit on an annualized basis for the quarter ended Dec. 31, 2015. Annual revenue increased 6.7% since 2011, and annual net income also follows an increasing trend line. 
Martin commented that the company has “modest capital requirements for 2016,” with expected growth capital expenditures to be less than $30 million.
According to GuruFocus.com information, Martin Midstream Partners LP has a business predictability rank of 1 out of 5 stars. For more information about business predictability rank, click here.
Jim Simons (Trades, Portfolio) acquired 30,600 shares of MMLP for an average per share price of $25.09 in the fourth quarter of 2015 after selling out all shares in the previous quarter. For more information about guru transactions with MMLP, click here.
For more stock trades of gurus in real time, visit GuruFocus’ Real Time Picks, a Premium Feature. Not a Premium Member of GuruFocus? Try it free for 7 days here.
