25,600 Shares in Marten Transport, Ltd. (NASDAQ:MRTN) Acquired by Jump Financial LLC

Jump Financial LLC acquired a new position in shares of Marten Transport, Ltd. (NASDAQ:MRTNFree Report) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 25,600 shares of the transportation company’s stock, valued at approximately $505,000.

Other institutional investors have also recently made changes to their positions in the company. GHP Investment Advisors Inc. boosted its holdings in Marten Transport by 0.9% during the third quarter. GHP Investment Advisors Inc. now owns 369,203 shares of the transportation company’s stock worth $7,133,000 after purchasing an additional 3,285 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of Marten Transport by 4.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 67,123 shares of the transportation company’s stock worth $1,443,000 after buying an additional 2,937 shares during the last quarter. Citigroup Inc. grew its holdings in shares of Marten Transport by 60.7% in the second quarter. Citigroup Inc. now owns 66,556 shares of the transportation company’s stock valued at $1,431,000 after acquiring an additional 25,148 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Marten Transport by 36.2% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,364 shares of the transportation company’s stock valued at $224,000 after acquiring an additional 3,018 shares during the last quarter. Finally, Handelsbanken Fonder AB increased its position in shares of Marten Transport by 26.3% during the third quarter. Handelsbanken Fonder AB now owns 14,779 shares of the transportation company’s stock valued at $291,000 after acquiring an additional 3,079 shares during the last quarter. Institutional investors own 67.46% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Vertical Research upgraded Marten Transport from a “hold” rating to a “buy” rating and set a $25.00 price objective for the company in a research note on Wednesday, January 10th. TheStreet lowered shares of Marten Transport from a “b” rating to a “c+” rating in a research report on Wednesday, October 18th.

Check Out Our Latest Report on Marten Transport

Marten Transport Trading Up 1.0 %

Shares of NASDAQ MRTN opened at $19.65 on Friday. The stock has a fifty day simple moving average of $19.89 and a two-hundred day simple moving average of $19.97. Marten Transport, Ltd. has a 1-year low of $17.34 and a 1-year high of $23.38. The firm has a market cap of $1.60 billion, a price-to-earnings ratio of 22.59 and a beta of 0.79.

Marten Transport (NASDAQ:MRTNGet Free Report) last posted its quarterly earnings results on Thursday, January 25th. The transportation company reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.03). Marten Transport had a return on equity of 9.48% and a net margin of 6.22%. The firm had revenue of $268.20 million for the quarter, compared to the consensus estimate of $271.62 million. During the same quarter in the previous year, the company posted $0.31 EPS. The firm’s revenue was down 16.9% compared to the same quarter last year. Analysts forecast that Marten Transport, Ltd. will post 0.85 EPS for the current year.

Marten Transport Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Friday, December 15th were given a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 1.22%. The ex-dividend date was Thursday, December 14th. Marten Transport’s dividend payout ratio (DPR) is currently 27.59%.

Marten Transport Profile

(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.

See Also

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

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