43,805 Shares in Marten Transport, Ltd. $MRTN Purchased by GSA Capital Partners LLP

GSA Capital Partners LLP purchased a new position in shares of Marten Transport, Ltd. (NASDAQ:MRTN) in the second quarter, HoldingsChannel.com reports. The institutional investor purchased 43,805 shares of the transportation company’s stock, valued at approximately $760,000.

Several other hedge funds also recently added to or reduced their stakes in the company. Global Retirement Partners LLC raised its position in Marten Transport by 2,083.8% in the 4th quarter. Global Retirement Partners LLC now owns 2,555 shares of the transportation company’s stock worth $29,000 after purchasing an additional 2,438 shares during the period. CIBC Private Wealth Group LLC purchased a new position in shares of Marten Transport during the third quarter valued at approximately $40,000. Farther Finance Advisors LLC boosted its position in shares of Marten Transport by 3,553.8% during the fourth quarter. Farther Finance Advisors LLC now owns 3,873 shares of the transportation company’s stock valued at $44,000 after buying an additional 3,767 shares during the period. State of Wyoming bought a new position in shares of Marten Transport during the first quarter valued at approximately $68,000. Finally, Tower Research Capital LLC TRC grew its stake in shares of Marten Transport by 378.7% during the second quarter. Tower Research Capital LLC TRC now owns 5,610 shares of the transportation company’s stock valued at $73,000 after buying an additional 4,438 shares during the last quarter. 69.12% of the stock is currently owned by institutional investors.

Marten Transport Trading Down 0.5%

Shares of MRTN stock opened at $14.83 on Thursday. Marten Transport, Ltd. has a twelve month low of $9.35 and a twelve month high of $18.48. The stock has a market capitalization of $1.21 billion, a price-to-earnings ratio of 87.24 and a beta of 0.95. The stock has a fifty day simple moving average of $16.47 and a two-hundred day simple moving average of $15.09.

Marten Transport (NASDAQ:MRTN) last posted its quarterly earnings results on Thursday, July 23rd. The transportation company reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.01). The firm had revenue of $223.54 million for the quarter, compared to the consensus estimate of $227.10 million. Marten Transport had a return on equity of 1.65% and a net margin of 1.47%.Marten Transport’s quarterly revenue was down 2.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.09 EPS. Research analysts predict that Marten Transport, Ltd. will post 0.27 EPS for the current fiscal year.

Marten Transport Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 16th will be issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 1.6%. The ex-dividend date is Wednesday, September 16th. Marten Transport’s dividend payout ratio is presently 141.18%.

Wall Street Analyst Weigh In

MRTN has been the topic of several recent analyst reports. Weiss Ratings reiterated a “hold (c-)” rating on shares of Marten Transport in a report on Tuesday, June 30th. Stephens dropped their price objective on Marten Transport from $18.00 to $16.00 and set an “equal weight” rating for the company in a report on Friday, July 24th. One analyst has rated the stock with a Strong Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $16.00.

Marten Transport Company Profile

Marten Transport, Inc is a North American transportation services provider offering temperature-controlled and dry van truckload services. Founded in 1946 and headquartered in Mondovi, Wisconsin, the company specializes in full truckload, dedicated contract carriage, intermodal and port drayage solutions. Its core focus on refrigerated and produce freight has made it a key partner for food manufacturers, retailers and other shippers requiring strict temperature management.

The company maintains a modern fleet of tractors and trailers equipped with advanced telematics, electronic logging devices and continuous temperature monitoring.