Hodges Capital Management Inc. Acquires 185,700 Shares of Marten Transport, Ltd. (NASDAQ:MRTN)

Hodges Capital Management Inc. boosted its position in Marten Transport, Ltd. (NASDAQ:MRTN - Free Report) by 158.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 303,200 shares of the transportation company's stock after purchasing an additional 185,700 shares during the quarter. Hodges Capital Management Inc. owned about 0.37% of Marten Transport worth $4,732,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. Confluence Investment Management LLC raised its position in shares of Marten Transport by 0.5% in the fourth quarter. Confluence Investment Management LLC now owns 154,916 shares of the transportation company's stock worth $2,418,000 after buying an additional 754 shares in the last quarter. KBC Group NV raised its holdings in shares of Marten Transport by 54.6% in the 3rd quarter. KBC Group NV now owns 3,376 shares of the transportation company's stock valued at $60,000 after acquiring an additional 1,192 shares in the last quarter. Nisa Investment Advisors LLC boosted its position in shares of Marten Transport by 24.3% during the 3rd quarter. Nisa Investment Advisors LLC now owns 6,587 shares of the transportation company's stock valued at $117,000 after acquiring an additional 1,289 shares during the last quarter. Truist Financial Corp grew its holdings in shares of Marten Transport by 10.4% during the second quarter. Truist Financial Corp now owns 16,189 shares of the transportation company's stock worth $299,000 after purchasing an additional 1,522 shares in the last quarter. Finally, Franklin Resources Inc. increased its position in shares of Marten Transport by 5.2% in the third quarter. Franklin Resources Inc. now owns 31,148 shares of the transportation company's stock worth $521,000 after purchasing an additional 1,526 shares during the last quarter. 69.12% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Stephens boosted their price target on shares of Marten Transport from $18.00 to $19.00 and gave the stock an "overweight" rating in a research note on Tuesday, January 28th. Raymond James cut shares of Marten Transport from an "outperform" rating to a "market perform" rating in a research report on Monday, October 14th.

Marten Transport Stock Up 0.1 %

Shares of NASDAQ MRTN traded up $0.01 during midday trading on Thursday, reaching $15.31. The company had a trading volume of 221,066 shares, compared to its average volume of 427,436. The firm's fifty day moving average price is $16.07 and its 200-day moving average price is $16.77. The stock has a market cap of $1.25 billion, a PE ratio of 45.03 and a beta of 0.83. Marten Transport, Ltd. has a one year low of $14.96 and a one year high of $20.24.

Marten Transport (NASDAQ:MRTN - Get Free Report) last issued its quarterly earnings data on Monday, January 27th. The transportation company reported $0.07 EPS for the quarter, topping the consensus estimate of $0.06 by $0.01. Marten Transport had a net margin of 2.79% and a return on equity of 3.52%. As a group, equities research analysts expect that Marten Transport, Ltd. will post 0.41 EPS for the current year.

Marten Transport Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Friday, December 13th were paid a $0.06 dividend. The ex-dividend date was Friday, December 13th. This represents a $0.24 annualized dividend and a dividend yield of 1.57%. Marten Transport's payout ratio is 70.59%.

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.