Wellington Management Group LLP Decreases Stake in Marten Transport, Ltd. (NASDAQ:MRTN)

Wellington Management Group LLP lessened its stake in shares of Marten Transport, Ltd. (NASDAQ:MRTN - Free Report) by 6.9% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 575,935 shares of the transportation company's stock after selling 42,914 shares during the period. Wellington Management Group LLP owned 0.71% of Marten Transport worth $8,990,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of MRTN. Barclays PLC grew its holdings in Marten Transport by 140.3% during the third quarter. Barclays PLC now owns 136,498 shares of the transportation company's stock valued at $2,416,000 after purchasing an additional 79,689 shares during the period. Independence Bank of Kentucky bought a new stake in Marten Transport during the fourth quarter valued at about $40,000. Hodges Capital Management Inc. grew its holdings in Marten Transport by 158.0% during the fourth quarter. Hodges Capital Management Inc. now owns 303,200 shares of the transportation company's stock valued at $4,732,000 after purchasing an additional 185,700 shares during the period. Tectonic Advisors LLC grew its holdings in Marten Transport by 75.8% during the fourth quarter. Tectonic Advisors LLC now owns 50,167 shares of the transportation company's stock valued at $783,000 after purchasing an additional 21,634 shares during the period. Finally, Canvas Wealth Advisors LLC grew its holdings in Marten Transport by 52.9% during the fourth quarter. Canvas Wealth Advisors LLC now owns 34,500 shares of the transportation company's stock valued at $539,000 after purchasing an additional 11,929 shares during the period. Institutional investors own 69.12% of the company's stock.

Marten Transport Stock Performance

Shares of Marten Transport stock traded down $0.02 during trading hours on Friday, hitting $13.00. The company's stock had a trading volume of 647,125 shares, compared to its average volume of 417,234. The business has a 50 day moving average price of $13.18 and a two-hundred day moving average price of $14.67. Marten Transport, Ltd. has a 12-month low of $12.52 and a 12-month high of $19.26. The company has a market cap of $1.06 billion, a PE ratio of 38.24 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 EPS for the quarter, meeting the consensus estimate of $0.05. Marten Transport had a return on equity of 3.52% and a net margin of 2.79%. The business had revenue of $223.15 million for the quarter, compared to the consensus estimate of $228.79 million. As a group, research analysts anticipate that Marten Transport, Ltd. will post 0.41 earnings per share for the current year.

Marten Transport Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, June 13th will be given a $0.06 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $0.24 annualized dividend and a dividend yield of 1.85%. Marten Transport's payout ratio is 88.89%.

Wall Street Analysts Forecast Growth

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

Insider Activity

In other Marten Transport news, Director Jerry M. Bauer acquired 20,000 shares of the stock in a transaction dated Monday, April 28th. The shares were acquired 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 directly owns 176,444 shares of the company's stock, valued at approximately $2,272,598.72. The trade was a 12.78% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 22.90% of the company's stock.

About Marten Transport

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.