Versor Investments LP acquired a new stake in Marten Transport, Ltd. (NASDAQ:MRTN - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 29,900 shares of the transportation company's stock, valued at approximately $410,000.
Other institutional investors have also bought and sold shares of the company. Johnson Financial Group Inc. purchased a new position in Marten Transport in the fourth quarter valued at approximately $48,000. PNC Financial Services Group Inc. lifted its position in shares of Marten Transport by 44.6% during the first quarter. PNC Financial Services Group Inc. now owns 7,428 shares of the transportation company's stock worth $102,000 after acquiring an additional 2,291 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Marten Transport by 8,296.7% during the first quarter. GAMMA Investing LLC now owns 12,595 shares of the transportation company's stock worth $173,000 after acquiring an additional 12,445 shares in the last quarter. Aigen Investment Management LP lifted its position in shares of Marten Transport by 6.0% during the first quarter. Aigen Investment Management LP now owns 13,648 shares of the transportation company's stock worth $187,000 after acquiring an additional 774 shares in the last quarter. Finally, XTX Topco Ltd purchased a new stake in shares of Marten Transport during the fourth quarter worth $218,000. Hedge funds and other institutional investors own 69.12% of the company's stock.
Analyst Ratings Changes
Separately, Wall Street Zen raised shares of Marten Transport from a "sell" rating to a "hold" rating in a report on Friday. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, Marten Transport presently has a consensus rating of "Moderate Buy" and a consensus target price of $19.00.
Get Our Latest Stock Report on MRTN
Marten Transport Trading Down 0.7%
Shares of Marten Transport stock traded down $0.08 during trading on Tuesday, hitting $11.98. The stock had a trading volume of 447,531 shares, compared to its average volume of 678,757. The firm has a market cap of $976.61 million, a price-to-earnings ratio of 46.08 and a beta of 0.98. Marten Transport, Ltd. has a 12 month low of $11.57 and a 12 month high of $18.63. The business's 50-day moving average is $12.70 and its 200 day moving average is $13.31.
Marten Transport (NASDAQ:MRTN - Get Free Report) last released its quarterly earnings results on Wednesday, July 16th. The transportation company reported $0.09 earnings per share for the quarter, hitting the consensus estimate of $0.09. The firm had revenue of $229.92 million for the quarter, compared to analysts' expectations of $231.09 million. Marten Transport had a net margin of 2.27% and a return on equity of 2.72%. The business's quarterly revenue was down 6.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.10 earnings per share. As a group, equities analysts expect that Marten Transport, Ltd. will post 0.41 EPS for the current year.
Marten Transport Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th will be paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend is Tuesday, September 16th. Marten Transport's dividend payout ratio is currently 92.31%.
Marten Transport Company Profile
(
Free Report)
Marten Transport, Ltd. operates as a temperature-sensitive truckload carrier for shippers in the United State, Mexico, and Canada. The company operates through four segments: Truckload, Dedicated, Intermodal, and Brokerage. The Truckload segment transports food and other consumer packaged goods that require a temperature-controlled or insulated environment, as well as dry freight; and regional short-haul and medium-to-long-haul full-load transportation services.
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