Inspire Investing LLC Makes New Investment in Marten Transport, Ltd. $MRTN

Key Points

• Inspire Investing LLC has made a new investment in Marten Transport, acquiring 30,036 shares worth approximately $390,000.
• Marten Transport's stock has experienced a year-to-date low of $10.35 and a high of $18.63, with a current market cap of $860.85 million.
• The company reported a quarterly revenue of $229.92 million but fell short of analysts' expectations, demonstrating a 6.6% decline year-over-year.

Inspire Investing LLC bought a new position in shares of Marten Transport, Ltd. (NASDAQ:MRTN - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 30,036 shares of the transportation company's stock, valued at approximately $390,000.

A number of other large investors have also modified their holdings of MRTN. Parallel Advisors LLC raised its stake in shares of Marten Transport by 410.4% during the 2nd quarter. Parallel Advisors LLC now owns 4,634 shares of the transportation company's stock worth $60,000 after buying an additional 3,726 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in shares of Marten Transport by 44.6% during the 1st quarter. PNC Financial Services Group Inc. now owns 7,428 shares of the transportation company's stock worth $102,000 after buying an additional 2,291 shares in the last quarter. Caxton Associates LLP purchased a new position in shares of Marten Transport during the 1st quarter worth approximately $158,000. GAMMA Investing LLC raised its stake in shares of Marten Transport by 8,296.7% during the 1st quarter. GAMMA Investing LLC now owns 12,595 shares of the transportation company's stock worth $173,000 after buying an additional 12,445 shares in the last quarter. Finally, Aigen Investment Management LP raised its stake in shares of Marten Transport by 6.0% during the 1st quarter. Aigen Investment Management LP now owns 13,648 shares of the transportation company's stock worth $187,000 after buying an additional 774 shares in the last quarter. 69.12% of the stock is owned by hedge funds and other institutional investors.

Marten Transport Stock Performance

Shares of NASDAQ:MRTN opened at $10.56 on Wednesday. The business's fifty day moving average price is $11.43 and its two-hundred day moving average price is $12.54. The stock has a market cap of $860.85 million, a PE ratio of 40.62 and a beta of 0.95. Marten Transport, Ltd. has a one year low of $10.35 and a one year high of $18.63.

Marten Transport (NASDAQ:MRTN - Get Free Report) last announced its earnings results on Wednesday, July 16th. The transportation company reported $0.09 EPS for the quarter, meeting analysts' consensus estimates 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 return on equity of 2.72% and a net margin of 2.27%.Marten Transport's quarterly revenue was down 6.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.10 EPS. As a group, equities research analysts predict that Marten Transport, Ltd. will post 0.41 earnings per share for the current fiscal year.

Marten Transport Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th were issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date was Tuesday, September 16th. Marten Transport's dividend payout ratio is 92.31%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on MRTN. Wall Street Zen downgraded Marten Transport from a "hold" rating to a "sell" rating in a research note on Saturday, August 30th. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Marten Transport in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $19.00.

Marten Transport Company Profile

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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