Fox Run Management L.L.C. Makes New Investment in Marten Transport, Ltd. (NASDAQ:MRTN)

Fox Run Management L.L.C. acquired a new stake in shares of Marten Transport, Ltd. (NASDAQ:MRTN) during the fourth quarter, Holdings Channel.com reports. The firm acquired 27,526 shares of the transportation company’s stock, valued at approximately $430,000.

Several other institutional investors have also recently made changes to their positions in MRTN. Independence Bank of Kentucky bought a new position in Marten Transport during the 4th quarter valued at about $40,000. Quantbot Technologies LP purchased a new position in shares of Marten Transport during the fourth quarter valued at approximately $100,000. Intech Investment Management LLC bought a new position in shares of Marten Transport during the third quarter valued at approximately $181,000. Ieq Capital LLC purchased a new stake in shares of Marten Transport in the fourth quarter worth approximately $172,000. Finally, KLP Kapitalforvaltning AS bought a new stake in shares of Marten Transport during the 4th quarter worth approximately $181,000. Institutional investors own 69.12% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Stephens increased their target price on Marten Transport from $18.00 to $19.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 28th.

Marten Transport Stock Performance

Shares of NASDAQ:MRTN opened at $13.74 on Wednesday. The firm has a market cap of $1.12 billion, a PE ratio of 40.41 and a beta of 0.84. The firm’s 50 day simple moving average is $14.90 and its 200-day simple moving average is $16.03. Marten Transport, Ltd. has a one year low of $13.45 and a one year high of $19.26.

Marten Transport (NASDAQ:MRTN) last issued its earnings results on Monday, January 27th. The transportation company reported $0.07 earnings per share 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%. Equities research analysts predict that Marten Transport, Ltd. will post 0.41 EPS for the current fiscal year.

Marten Transport Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date of this dividend is Friday, March 14th. Marten Transport’s dividend payout ratio (DPR) 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.