Sit Investment Associates Inc. increased its stake in Marten Transport Ltd. (NASDAQ:MRTN) by 135.0% during the second quarter, Holdings Channel reports. The fund owned 38,650 shares of the company’s stock after buying an additional 22,200 shares during the period. Sit Investment Associates Inc.’s holdings in Marten Transport were worth $765,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Falcon Point Capital LLC raised its position in Marten Transport by 12.5% in the second quarter. Falcon Point Capital LLC now owns 59,387 shares of the company’s stock worth $1,176,000 after buying an additional 6,596 shares during the period. Coyle Financial Counsel LLC raised its position in shares of Marten Transport by 1.8% in the second quarter. Coyle Financial Counsel LLC now owns 33,269 shares of the company’s stock worth $659,000 after buying an additional 584 shares during the last quarter. Foundry Partners LLC raised its position in shares of Marten Transport by 0.3% in the second quarter. Foundry Partners LLC now owns 159,610 shares of the company’s stock worth $3,160,000 after buying an additional 475 shares during the last quarter. BNP Paribas Arbitrage SA raised its position in shares of Marten Transport by 104.7% in the second quarter. BNP Paribas Arbitrage SA now owns 7,133 shares of the company’s stock worth $141,000 after buying an additional 3,648 shares during the last quarter. Finally, AlphaOne Investment Services LLC raised its position in shares of Marten Transport by 11.5% in the first quarter. AlphaOne Investment Services LLC now owns 156,049 shares of the company’s stock worth $2,922,000 after buying an additional 16,150 shares during the last quarter. Institutional investors own 69.01% of the company’s stock.
Marten Transport Ltd. (NASDAQ:MRTN) traded down 1.22% during midday trading on Thursday, hitting $20.25. 48,118 shares of the company were exchanged. Marten Transport Ltd. has a one year low of $14.62 and a one year high of $22.27. The stock has a market capitalization of $657.70 million, a PE ratio of 19.85 and a beta of 1.02. The firm’s 50-day moving average price is $21.37 and its 200-day moving average price is $20.23.
Marten Transport (NASDAQ:MRTN) last released its quarterly earnings results on Tuesday, July 19th. The company reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.01. Marten Transport had a net margin of 5.08% and a return on equity of 8.19%. The business had revenue of $166.10 million for the quarter, compared to analyst estimates of $168.17 million. Equities research analysts anticipate that Marten Transport Ltd. will post $1.00 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, September 27th. Shareholders of record on Tuesday, September 13th were issued a $0.025 dividend. This represents a $0.10 annualized dividend and a yield of 0.49%. The ex-dividend date of this dividend was Friday, September 9th. Marten Transport’s dividend payout ratio is currently 9.80%.
A number of equities analysts have recently issued reports on MRTN shares. Zacks Investment Research upgraded shares of Marten Transport from a “sell” rating to a “hold” rating in a research report on Friday, June 17th. Avondale Partners lowered shares of Marten Transport from an “outperform” rating to a “market perform” rating and set a $22.00 target price on the stock. in a research report on Friday, July 22nd.
In other Marten Transport news, Chairman Randolph L. Marten sold 100,000 shares of the firm’s stock in a transaction dated Friday, July 29th. The shares were sold at an average price of $21.76, for a total value of $2,176,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider John H. Turner sold 1,275 shares of the firm’s stock in a transaction dated Friday, August 5th. The shares were sold at an average price of $22.00, for a total transaction of $28,050.00. The disclosure for this sale can be found here. 23.70% of the stock is currently owned by company insiders.
Marten Transport Company Profile
Marten Transport, Ltd. is a national protective service transportation company. It is a temperature-sensitive truckload carrier. The Company specializes in transporting and distributing food and other consumer-packaged goods that require a temperature-controlled or insulated environment. The Company operates through four segments: Truckload, Dedicated, Intermodal and Brokerage.
Want to see what other hedge funds are holding MRTN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Marten Transport Ltd. (NASDAQ:MRTN).
Receive News & Ratings for Marten Transport Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marten Transport Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.