Martin Midstream Partners L.P. (MMLP) Forms $13.50 Double Bottom; Orchid Island Capital (ORC) Sellers Decreased By 5.21% Their Shorts

Orchid Island Capital Inc (NYSE:ORC) had a decrease of 5.21% in short interest. ORC’s SI was 6.29M shares in March as released by FINRA. Its down 5.21% from 6.63M shares previously. With 1.36 million avg volume, 5 days are for Orchid Island Capital Inc (NYSE:ORC)’s short sellers to cover ORC’s short positions. The SI to Orchid Island Capital Inc’s float is 14.08%. The stock increased 0.55% or $0.04 during the last trading session, reaching $7.37. About 1.20M shares traded. Orchid Island Capital, Inc. (NYSE:ORC) has declined 26.53% since March 30, 2017 and is downtrending. It has underperformed by 38.08% the S&P500.

Martin Midstream Partners L.P. (MMLP) formed double bottom with $13.10 target or 3.00% below today’s $13.50 share price. Martin Midstream Partners L.P. (MMLP) has $518.75M valuation. The stock increased 1.12% or $0.15 during the last trading session, reaching $13.5. About 124,467 shares traded. Martin Midstream Partners L.P. (NASDAQ:MMLP) has declined 27.30% since March 30, 2017 and is downtrending. It has underperformed by 38.85% the S&P500.

Orchid Island Capital, Inc., a specialty finance company, invests in residential mortgage-backed securities in the United States. The company has market cap of $391.10 million. The companyÂ’s RMBS are backed primarily by single-family residential mortgage loans, referred as Agency RMBS. It has a 150.41 P/E ratio. The Company’s portfolio includes traditional pass-through Agency RMBS; and structured Agency RMBS, including collateralized mortgage obligations, interest only securities, inverse interest only securities, and principal only securities.

Investors sentiment decreased to 1.31 in Q4 2017. Its down 1.22, from 2.53 in 2017Q3. It dropped, as 10 investors sold Orchid Island Capital, Inc. shares while 16 reduced holdings. 11 funds opened positions while 23 raised stakes. 12.92 million shares or 4.90% more from 12.31 million shares in 2017Q3 were reported. Gru reported 0% in Orchid Island Capital, Inc. (NYSE:ORC). Barclays Public Limited Liability owns 14,814 shares. Etrade Mgmt Limited Liability Company accumulated 17,086 shares or 0.01% of the stock. Perkins Coie Tru Company holds 0% or 200 shares. Parametric Portfolio Assocs Limited Liability Company invested in 0% or 61,815 shares. Ohio-based Strs Ohio has invested 0% in Orchid Island Capital, Inc. (NYSE:ORC). 666,205 were reported by State Street. Ameritas Inv Ptnrs accumulated 3,691 shares. Van Eck Assocs Corporation holds 0.01% of its portfolio in Orchid Island Capital, Inc. (NYSE:ORC) for 243,638 shares. Schwab Charles Inv Mngmt reported 0% stake. Cubist Systematic Strategies Limited Com holds 0.01% or 27,545 shares. Geode Mngmt Ltd Com stated it has 394,231 shares. Voya Inv Ltd Limited Liability Company holds 0% or 14,683 shares in its portfolio. Jpmorgan Chase And invested in 0% or 13,390 shares. Rhumbline Advisers, Massachusetts-based fund reported 38,004 shares.

Investors sentiment increased to 0.89 in 2017 Q4. Its up 0.18, from 0.71 in 2017Q3. It improved, as 12 investors sold Martin Midstream Partners L.P. shares while 16 reduced holdings. 13 funds opened positions while 12 raised stakes. 13.84 million shares or 17.80% more from 11.75 million shares in 2017Q3 were reported. Walleye Trading Limited holds 0% or 33,950 shares. Arrow Advsr Ltd Llc reported 42,984 shares stake. Barclays Public Ltd Com reported 9,781 shares. Huntington Retail Bank invested in 18,128 shares. Wells Fargo & Mn invested in 0% or 27,651 shares. Toronto Dominion Comml Bank holds 18 shares or 0% of its portfolio. Albert D Mason accumulated 29,501 shares or 0.31% of the stock. Manufacturers Life Insurance Com The accumulated 1,275 shares or 0% of the stock. Deutsche Natl Bank Ag invested in 76,010 shares or 0% of the stock. Citigroup Inc stated it has 0% in Martin Midstream Partners L.P. (NASDAQ:MMLP). Bnp Paribas Arbitrage reported 3,859 shares. Rafferty Asset Mngmt Limited Liability Company reported 148,365 shares. 35,259 were reported by Guggenheim Llc. Brookfield Asset Mngmt Inc accumulated 0.11% or 1.97M shares. 44,872 were accumulated by Raymond James And Associate.

Since January 11, 2018, it had 7 insider purchases, and 1 insider sale for $12,437 activity. Shoup Scot A also sold $24,177 worth of Martin Midstream Partners L.P. (NASDAQ:MMLP) on Thursday, February 22. Another trade for 434 shares valued at $6,515 was made by BONDURANT ROBERT D on Thursday, January 11. 273 shares valued at $4,529 were bought by TAUSCHER RANDALL on Tuesday, February 20. The insider BOOTH CHRIS H bought $83. 1,090 shares valued at $16,362 were bought by MARTIN RUBEN S on Thursday, January 11.

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 had 19 analyst reports since September 21, 2015 according to SRatingsIntel. FBR Capital initiated the shares of MMLP in report on Friday, September 9 with “Outperform” rating. Robert W. Baird maintained the shares of MMLP in report on Thursday, March 8 with “Neutral” rating. The stock of Martin Midstream Partners L.P. (NASDAQ:MMLP) has “Hold” rating given on Thursday, August 10 by Stifel Nicolaus. The rating was maintained by FBR Capital on Friday, October 28 with “Outperform”. The company was maintained on Friday, July 28 by RBC Capital Markets. The firm earned “Hold” rating on Tuesday, August 22 by Robert W. Baird. Stifel Nicolaus maintained Martin Midstream Partners L.P. (NASDAQ:MMLP) on Thursday, September 14 with “Hold” rating. The rating was maintained by FBR Capital with “Outperform” on Tuesday, October 27. B. Riley & Co maintained it with “Buy” rating and $18 target in Tuesday, December 19 report. Stifel Nicolaus upgraded the stock to “Buy” rating in Tuesday, December 6 report.

Analysts await Martin Midstream Partners L.P. (NASDAQ:MMLP) to report earnings on April, 25. They expect $0.41 earnings per share, up 13.89% or $0.05 from last year’s $0.36 per share. MMLP’s profit will be $15.75M for 8.23 P/E if the $0.41 EPS becomes a reality. After $0.48 actual earnings per share reported by Martin Midstream Partners L.P. for the previous quarter, Wall Street now forecasts -14.58% negative EPS growth.

Martin Midstream Partners L.P. (NASDAQ:MMLP) Institutional Positions Chart