Marten Transport, Ltd. (NASDAQ:MRTN) Director Jerry M. Bauer Acquires 10,000 Shares

Marten Transport, Ltd. (NASDAQ:MRTN) Director Jerry M. Bauer purchased 10,000 shares of the firm’s stock in a transaction on Wednesday, October 30th. The stock was bought at an average cost of $15.81 per share, with a total value of $158,100.00. Following the acquisition, the director now owns 156,444 shares of the company’s stock, valued at approximately $2,473,379.64. The trade was a 0.00 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Marten Transport Price Performance

NASDAQ MRTN traded down $0.21 during trading hours on Thursday, hitting $15.48. 249,307 shares of the company’s stock traded hands, compared to its average volume of 403,020. Marten Transport, Ltd. has a 52-week low of $15.33 and a 52-week high of $21.38. The company has a market capitalization of $1.26 billion, a PE ratio of 36.86 and a beta of 0.77. The firm’s 50-day moving average is $16.92 and its 200-day moving average is $17.35.

Marten Transport Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were issued a $0.06 dividend. The ex-dividend date of this dividend was Monday, September 16th. This represents a $0.24 annualized dividend and a dividend yield of 1.55%. Marten Transport’s dividend payout ratio is currently 57.14%.

Institutional Investors Weigh In On Marten Transport

Institutional investors have recently modified their holdings of the company. Canada Pension Plan Investment Board acquired a new stake in Marten Transport in the 2nd quarter valued at about $28,000. CWM LLC boosted its holdings in Marten Transport by 88.8% in the second quarter. CWM LLC now owns 3,319 shares of the transportation company’s stock valued at $61,000 after purchasing an additional 1,561 shares in the last quarter. Nisa Investment Advisors LLC raised its holdings in Marten Transport by 24.3% during the third quarter. Nisa Investment Advisors LLC now owns 6,587 shares of the transportation company’s stock worth $117,000 after purchasing an additional 1,289 shares in the last quarter. ProShare Advisors LLC boosted its holdings in shares of Marten Transport by 7.4% in the 1st quarter. ProShare Advisors LLC now owns 11,706 shares of the transportation company’s stock valued at $216,000 after buying an additional 807 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. acquired a new position in shares of Marten Transport in the 3rd quarter valued at $263,000. 69.12% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on MRTN shares. Vertical Research downgraded shares of Marten Transport from a “buy” rating to a “hold” rating and decreased their target price for the company from $22.00 to $19.00 in a research report on Tuesday, July 9th. Raymond James downgraded shares of Marten Transport from an “outperform” rating to a “market perform” rating in a research report on Monday, October 14th. Finally, StockNews.com cut shares of Marten Transport from a “hold” rating to a “sell” rating in a research note on Wednesday, October 2nd.

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.