Mariner LLC Raises Stake in Marten Transport, Ltd. (NASDAQ:MRTN)

Mariner LLC boosted its holdings in shares of Marten Transport, Ltd. (NASDAQ:MRTN - Free Report) by 45.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 91,931 shares of the transportation company's stock after buying an additional 28,586 shares during the quarter. Mariner LLC owned 0.11% of Marten Transport worth $1,435,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Independence Bank of Kentucky purchased a new position in shares of Marten Transport during the fourth quarter worth $40,000. Meeder Asset Management Inc. purchased a new position in shares of Marten Transport during the 4th quarter valued at about $42,000. Quantbot Technologies LP acquired a new position in shares of Marten Transport in the 4th quarter valued at about $100,000. Wedbush Securities Inc. purchased a new stake in shares of Marten Transport in the fourth quarter worth about $157,000. Finally, Ieq Capital LLC acquired a new stake in Marten Transport during the fourth quarter worth about $172,000. 69.12% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Stephens boosted their price target on Marten Transport from $18.00 to $19.00 and gave the company an "overweight" rating in a report on Tuesday, January 28th.

Marten Transport Price Performance

Marten Transport stock opened at $12.92 on Friday. The stock has a market capitalization of $1.05 billion, a PE ratio of 38.00 and a beta of 1.01. The business has a 50 day simple moving average of $13.77 and a 200-day simple moving average of $15.39. Marten Transport, Ltd. has a 12 month low of $12.52 and a 12 month high of $19.26.

Marten Transport (NASDAQ:MRTN - Get Free Report) last posted its quarterly earnings data on Wednesday, April 16th. The transportation company reported $0.05 EPS for the quarter, hitting the consensus estimate of $0.05. The company had revenue of $223.15 million during the quarter, compared to analyst estimates of $228.79 million. Marten Transport had a return on equity of 3.52% and a net margin of 2.79%. On average, equities research analysts anticipate that Marten Transport, Ltd. will post 0.41 EPS for the current fiscal year.

Marten Transport Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 1.86%. The ex-dividend date of this dividend was Friday, March 14th. Marten Transport's dividend payout ratio (DPR) is currently 88.89%.

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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