Marten Transport, Ltd. (NASDAQ:MRTN) Shares Purchased by Tectonic Advisors LLC

Tectonic Advisors LLC boosted its holdings in Marten Transport, Ltd. (NASDAQ:MRTN) by 75.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 50,167 shares of the transportation company’s stock after acquiring an additional 21,634 shares during the quarter. Tectonic Advisors LLC’s holdings in Marten Transport were worth $783,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of MRTN. Independence Bank of Kentucky purchased a new position in shares of Marten Transport in the 4th quarter valued at about $40,000. KBC Group NV increased its holdings in Marten Transport by 54.6% in the third quarter. KBC Group NV now owns 3,376 shares of the transportation company’s stock valued at $60,000 after buying an additional 1,192 shares in the last quarter. Nisa Investment Advisors LLC lifted 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 period. Intech Investment Management LLC purchased a new stake in shares of Marten Transport during the 3rd quarter worth approximately $181,000. Finally, Verition Fund Management LLC purchased a new stake in shares of Marten Transport during the 3rd quarter worth approximately $216,000. Institutional investors and hedge funds own 69.12% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on the company. Stephens upped their target price on Marten Transport from $18.00 to $19.00 and gave the company an “overweight” rating in a report on Tuesday, January 28th. Raymond James cut shares of Marten Transport from an “outperform” rating to a “market perform” rating in a research note on Monday, October 14th.

Marten Transport Stock Performance

Shares of NASDAQ:MRTN opened at $15.30 on Thursday. The business’s fifty day moving average price is $16.11 and its two-hundred day moving average price is $16.78. The stock has a market cap of $1.25 billion, a PE ratio of 45.00 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) last posted its quarterly earnings data on Monday, January 27th. The transportation company reported $0.07 EPS for the quarter, beating analysts’ consensus estimates of $0.06 by $0.01. Marten Transport had a return on equity of 3.52% and a net margin of 2.79%. As a group, equities research analysts predict that Marten Transport, Ltd. will post 0.41 earnings per share for the current fiscal year.

Marten Transport Dividend Announcement

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

About Marten Transport

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.