Royce & Associates LP Has $5.25 Million Position in Marten Transport, Ltd. (MRTN)

Royce & Associates LP boosted its holdings in Marten Transport, Ltd. (NASDAQ:MRTN) by 66.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 255,207 shares of the transportation company’s stock after purchasing an additional 102,082 shares during the period. Royce & Associates LP owned about 0.47% of Marten Transport worth $5,245,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in MRTN. SG Americas Securities LLC bought a new position in shares of Marten Transport in the 2nd quarter valued at about $116,000. Sei Investments Co. grew its position in shares of Marten Transport by 109.8% in the 3rd quarter. Sei Investments Co. now owns 6,198 shares of the transportation company’s stock valued at $127,000 after acquiring an additional 3,244 shares during the period. BNP Paribas Arbitrage SA grew its position in shares of Marten Transport by 60.4% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 8,013 shares of the transportation company’s stock valued at $220,000 after acquiring an additional 3,017 shares during the period. Municipal Employees Retirement System of Michigan grew its position in shares of Marten Transport by 66.4% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 8,720 shares of the transportation company’s stock valued at $239,000 after acquiring an additional 3,480 shares during the period. Finally, Victory Capital Management Inc. grew its position in shares of Marten Transport by 12.8% in the 2nd quarter. Victory Capital Management Inc. now owns 10,267 shares of the transportation company’s stock valued at $281,000 after acquiring an additional 1,163 shares during the period. 68.45% of the stock is owned by institutional investors and hedge funds.

Marten Transport, Ltd. (NASDAQ:MRTN) opened at $20.45 on Friday. Marten Transport, Ltd. has a 12-month low of $12.81 and a 12-month high of $21.15. The company has a market cap of $1,095.89, a PE ratio of 32.95 and a beta of 1.34.

Marten Transport (NASDAQ:MRTN) last posted its earnings results on Thursday, October 19th. The transportation company reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.01. The company had revenue of $170.70 million during the quarter, compared to analysts’ expectations of $169.67 million. Marten Transport had a net margin of 4.87% and a return on equity of 7.45%. Marten Transport’s quarterly revenue was up .1% compared to the same quarter last year. During the same quarter last year, the company posted $0.26 EPS. equities analysts anticipate that Marten Transport, Ltd. will post 0.62 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 22nd will be paid a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.49%. The ex-dividend date of this dividend is Thursday, December 21st. Marten Transport’s dividend payout ratio is presently 16.39%.

A number of brokerages have recently commented on MRTN. Stifel Nicolaus reissued a “hold” rating and issued a $15.00 price objective on shares of Marten Transport in a research report on Sunday, October 1st. Zacks Investment Research raised shares of Marten Transport from a “hold” rating to a “buy” rating and set a $23.00 price objective for the company in a research report on Tuesday, October 3rd. Finally, BidaskClub downgraded shares of Marten Transport from a “hold” rating to a “sell” rating in a research report on Friday, August 25th.

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Marten Transport Company Profile

Marten Transport, Ltd. is a temperature-sensitive truckload carrier. The Company focuses on transporting and distributing food and other consumer-packaged goods that require a temperature-controlled or insulated environment. The Company operates through four segments: Truckload, Dedicated, Intermodal and Brokerage.

Institutional Ownership by Quarter for Marten Transport (NASDAQ:MRTN)

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