Empirical Capital Management LLC trimmed its stake in Marten Transport, Ltd. (NASDAQ:MRTN - Free Report) by 20.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 320,000 shares of the transportation company's stock after selling 80,000 shares during the period. Marten Transport comprises about 4.0% of Empirical Capital Management LLC's investment portfolio, making the stock its 10th biggest position. Empirical Capital Management LLC owned about 0.39% of Marten Transport worth $5,664,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD grew its holdings in shares of Marten Transport by 8.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 25,415 shares of the transportation company's stock worth $470,000 after purchasing an additional 2,065 shares in the last quarter. CWM LLC increased its holdings in Marten Transport by 88.8% in the 2nd quarter. CWM LLC now owns 3,319 shares of the transportation company's stock valued at $61,000 after buying an additional 1,561 shares during the period. SG Americas Securities LLC bought a new stake in Marten Transport in the 2nd quarter valued at $1,172,000. Raymond James & Associates raised its stake in shares of Marten Transport by 80.5% in the 2nd quarter. Raymond James & Associates now owns 182,165 shares of the transportation company's stock valued at $3,361,000 after buying an additional 81,219 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Marten Transport by 6.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 692,385 shares of the transportation company's stock worth $12,775,000 after acquiring an additional 41,505 shares during the period. Institutional investors own 69.12% of the company's stock.
Marten Transport Trading Down 0.5 %
MRTN stock traded down $0.08 during trading on Friday, hitting $16.93. 221,061 shares of the stock traded hands, compared to its average volume of 353,206. The stock has a market cap of $1.38 billion, a price-to-earnings ratio of 40.31 and a beta of 0.82. Marten Transport, Ltd. has a one year low of $15.33 and a one year high of $21.38. The company has a 50 day simple moving average of $16.80 and a 200 day simple moving average of $17.33.
Marten Transport (NASDAQ:MRTN - Get Free Report) last posted its earnings results on Thursday, October 17th. The transportation company reported $0.05 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.07 by ($0.02). The firm had revenue of $237.37 million during the quarter, compared to the consensus estimate of $244.00 million. Marten Transport had a net margin of 3.36% and a return on equity of 4.41%. As a group, analysts predict that Marten Transport, Ltd. will post 0.32 earnings per share for the current fiscal year.
Marten Transport Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 1.42%. The ex-dividend date is Friday, December 13th. Marten Transport's payout ratio is presently 57.14%.
Wall Street Analysts Forecast Growth
Several research analysts recently issued reports on MRTN shares. Raymond James lowered shares of Marten Transport from an "outperform" rating to a "market perform" rating in a research report on Monday, October 14th. StockNews.com downgraded Marten Transport from a "hold" rating to a "sell" rating in a research report on Wednesday, October 2nd.
Check Out Our Latest Stock Report on Marten Transport
Insider Activity
In related news, Director Jerry M. Bauer acquired 10,000 shares of the firm's stock in a transaction on Wednesday, October 30th. The shares were purchased at an average price of $15.81 per share, with a total value of $158,100.00. Following the acquisition, the director now directly owns 156,444 shares in the company, valued at $2,473,379.64. The trade was a 6.83 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. 22.90% of the stock is currently owned by corporate insiders.
Marten Transport Company Profile
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Free Report)
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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