Wealthedge Investment Advisors LLC Has $710,000 Position in Marten Transport, Ltd. (NASDAQ:MRTN)

Key Points

• Wealthedge Investment Advisors LLC increased its stake in Marten Transport by 203.3% in Q1, now owning approximately 51,746 shares worth $710,000.
• Marten Transport reported a net margin of 2.27% and a revenue decrease of 6.6% year-over-year, with expected earnings per share of 0.41 for the current year.
• The company declared a quarterly dividend of $0.06 per share, representing a 2.0% yield, with a dividend payout ratio of 92.31%.

Wealthedge Investment Advisors LLC increased its stake in shares of Marten Transport, Ltd. (NASDAQ:MRTN - Free Report) by 203.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,746 shares of the transportation company's stock after purchasing an additional 34,683 shares during the quarter. Wealthedge Investment Advisors LLC owned approximately 0.06% of Marten Transport worth $710,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. LPL Financial LLC grew its holdings in Marten Transport by 7.3% during the 4th quarter. LPL Financial LLC now owns 33,447 shares of the transportation company's stock worth $522,000 after acquiring an additional 2,267 shares during the last quarter. Wells Fargo & Company MN grew its holdings in Marten Transport by 12.7% during the 4th quarter. Wells Fargo & Company MN now owns 36,388 shares of the transportation company's stock worth $568,000 after acquiring an additional 4,091 shares during the last quarter. Invesco Ltd. grew its holdings in Marten Transport by 5.8% during the 4th quarter. Invesco Ltd. now owns 430,913 shares of the transportation company's stock worth $6,727,000 after acquiring an additional 23,599 shares during the last quarter. Raymond James Financial Inc. bought a new stake in Marten Transport during the 4th quarter worth approximately $878,000. Finally, Barclays PLC grew its holdings in Marten Transport by 3.5% during the 4th quarter. Barclays PLC now owns 141,327 shares of the transportation company's stock worth $2,206,000 after acquiring an additional 4,829 shares during the last quarter. 69.12% of the stock is currently owned by institutional investors and hedge funds.

Marten Transport Stock Performance

NASDAQ:MRTN opened at $12.14 on Friday. The firm's fifty day moving average is $12.89 and its 200-day moving average is $13.51. Marten Transport, Ltd. has a 52 week low of $11.57 and a 52 week high of $18.63. The firm has a market cap of $989.65 million, a P/E ratio of 46.69 and a beta of 0.98.

Marten Transport (NASDAQ:MRTN - Get Free Report) last issued its earnings results on Wednesday, July 16th. The transportation company reported $0.09 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.09. The business had revenue of $229.92 million for the quarter, compared to analyst estimates of $231.09 million. Marten Transport had a net margin of 2.27% and a return on equity of 2.72%. Marten Transport's revenue was down 6.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.10 earnings per share. As a group, sell-side analysts anticipate that Marten Transport, Ltd. will post 0.41 earnings per share for the current year.

Marten Transport Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th will be issued a dividend of $0.06 per share. The ex-dividend date is Tuesday, September 16th. This represents a $0.24 annualized dividend and a yield of 2.0%. Marten Transport's dividend payout ratio is presently 92.31%.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen lowered shares of Marten Transport from a "hold" rating to a "sell" rating in a research note on Saturday, August 9th.

Marten Transport 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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