1 week Ago By Defense World Staff
KLP Kapitalforvaltning AS bought a new stake in Marten Transport, Ltd. (NASDAQ:MRTN – Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 11,600 shares of the transportation company’s stock, valued at approximately $181,000.
Several other institutional investors have also recently added to or reduced their stakes in the company. Independence Bank of Kentucky purchased a new stake in shares of Marten Transport during the fourth quarter worth about $40,000. Quantbot Technologies LP acquired a new stake in Marten Transport during the fourth quarter worth approximately $100,000.
Ieq Capital LLC purchased a new stake in Marten Transport in the 4th quarter worth approximately $172,000. Aigen Investment Management LP acquired a new position in Marten Transport in the 4th quarter valued at $201,000. Finally, Verition Fund Management LLC purchased a new position in shares of Marten Transport during the 3rd quarter worth $216,000.
Institutional investors and hedge funds own 69.12% of the company’s stock. Marten Transport Price PerformanceShares of MRTN stock opened at $12.
69 on Wednesday. Marten Transport, Ltd. has a 1-year low of $12.
56 and a 1-year high of $19.26. The firm’s 50-day simple moving average is $14.
32 and its 200-day simple moving average is $15.75. The firm has a market cap of $1.
03 billion, a P/E ratio of 37.32 and a beta of 1.01.
Marten Transport (NASDAQ:MRTN – Get Free Report) last announced its quarterly earnings data on Monday, January 27th. The transportation company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.
06 by $0.01. Marten Transport had a net margin of 2.
79% and a return on equity of 3.52%. Analysts expect that Marten Transport, Ltd.
will post 0.41 earnings per share for the current fiscal year. Marten Transport Announces DividendThe firm also recently declared a quarterly dividend, which was paid on Friday, March 28th.
Investors of record on Friday, March 14th were issued a $0.06 dividend. The ex-dividend date was Friday, March 14th.
This represents a $0.24 annualized dividend and a yield of 1.89%.
Marten Transport’s payout ratio is 70.59%. Wall Street Analyst Weigh InSeparately, Stephens lifted their price objective on Marten Transport from $18.
00 to $19.00 and gave the company an “overweight” rating in a research report on Tuesday, January 28th.Get Our Latest Analysis on MRTNMarten 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; and regional short-haul and medium-to-long-haul full-load transportation services.
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