Two Sigma Advisers LP Has $6.62 Million Stock Holdings in Marten Transport, Ltd. (NASDAQ:MRTN)

Two Sigma Advisers LP raised its position in Marten Transport, Ltd. (NASDAQ:MRTN - Free Report) by 9.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 424,116 shares of the transportation company's stock after buying an additional 37,100 shares during the quarter. Two Sigma Advisers LP owned approximately 0.52% of Marten Transport worth $6,620,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MRTN. Nuance Investments LLC raised its stake in shares of Marten Transport by 21.7% during the fourth quarter. Nuance Investments LLC now owns 3,196,811 shares of the transportation company's stock worth $49,902,000 after purchasing an additional 569,700 shares during the last quarter. US Bancorp DE raised its stake in shares of Marten Transport by 3,788.8% during the fourth quarter. US Bancorp DE now owns 263,425 shares of the transportation company's stock worth $4,112,000 after purchasing an additional 256,651 shares during the last quarter. Millennium Management LLC raised its stake in shares of Marten Transport by 644.3% during the fourth quarter. Millennium Management LLC now owns 224,664 shares of the transportation company's stock worth $3,507,000 after purchasing an additional 194,481 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Marten Transport by 27.7% during the fourth quarter. JPMorgan Chase & Co. now owns 875,304 shares of the transportation company's stock worth $13,663,000 after purchasing an additional 189,996 shares during the last quarter. Finally, Hodges Capital Management Inc. raised its stake in shares of Marten Transport by 158.0% during the fourth quarter. Hodges Capital Management Inc. now owns 303,200 shares of the transportation company's stock worth $4,732,000 after purchasing an additional 185,700 shares during the last quarter. Hedge funds and other institutional investors own 69.12% of the company's stock.

Analysts Set New Price Targets

Separately, Wall Street Zen cut Marten Transport from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd.

Marten Transport Stock Down 1.9%

MRTN stock traded down $0.25 on Thursday, reaching $12.89. 96,031 shares of the company's stock were exchanged, compared to its average volume of 411,268. The stock has a fifty day moving average of $13.29 and a 200-day moving average of $14.88. Marten Transport, Ltd. has a twelve month low of $12.52 and a twelve month high of $19.26. The firm has a market cap of $1.05 billion, a PE ratio of 37.93 and a beta of 1.04.

Marten Transport (NASDAQ:MRTN - Get Free Report) last announced its quarterly earnings data on Wednesday, April 16th. The transportation company reported $0.05 earnings per share for the quarter, hitting analysts' consensus estimates of $0.05. The firm had revenue of $223.15 million for the quarter, compared to analyst estimates of $228.79 million. Marten Transport had a return on equity of 3.52% and a net margin of 2.79%. On average, equities research analysts predict that Marten Transport, Ltd. will post 0.41 EPS for the current fiscal year.

Marten Transport Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, June 13th will be issued a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 1.86%. The ex-dividend date of this dividend is Friday, June 13th. Marten Transport's dividend payout ratio (DPR) is 88.89%.

Insider Buying and Selling at Marten Transport

In other Marten Transport news, Director Jerry M. Bauer bought 20,000 shares of Marten Transport stock in a transaction that occurred on Monday, April 28th. The shares were purchased at an average cost of $12.88 per share, for a total transaction of $257,600.00. Following the completion of the transaction, the director now owns 176,444 shares of the company's stock, valued at $2,272,598.72. This represents a 12.78% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 22.90% of the stock is owned by corporate insiders.

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.