Coyle Financial Counsel LLC Has $659,000 Stake in Marten Transport Ltd. (MRTN)
Coyle Financial Counsel LLC boosted its position in Marten Transport Ltd. (NASDAQ:MRTN) by 1.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 33,269 shares of the company’s stock after buying an additional 584 shares during the period. Marten Transport accounts for approximately 1.0% of Coyle Financial Counsel LLC’s portfolio, making the stock its 26th largest position. Coyle Financial Counsel LLC owned approximately 0.10% of Marten Transport worth $659,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Foundry Partners LLC increased its position in shares of Marten Transport by 0.3% in the second quarter. Foundry Partners LLC now owns 159,610 shares of the company’s stock worth $3,160,000 after buying an additional 475 shares in the last quarter. Arizona State Retirement System increased its position in shares of Marten Transport by 4.3% in the first quarter. Arizona State Retirement System now owns 12,157 shares of the company’s stock worth $228,000 after buying an additional 500 shares in the last quarter. Prudential Financial Inc. increased its position in shares of Marten Transport by 2.7% in the first quarter. Prudential Financial Inc. now owns 56,894 shares of the company’s stock worth $1,065,000 after buying an additional 1,500 shares in the last quarter. BNP Paribas Arbitrage SA increased its position in shares of Marten Transport by 104.7% in the second quarter. BNP Paribas Arbitrage SA now owns 7,133 shares of the company’s stock worth $141,000 after buying an additional 3,648 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its position in shares of Marten Transport by 8.8% in the first quarter. Envestnet Asset Management Inc. now owns 61,299 shares of the company’s stock worth $1,148,000 after buying an additional 4,975 shares in the last quarter. 69.07% of the stock is owned by institutional investors and hedge funds.
Marten Transport Ltd. (NASDAQ:MRTN) traded up 0.51% during midday trading on Monday, reaching $21.71. 28,493 shares of the company’s stock traded hands. The stock has a market cap of $705.12 million, a P/E ratio of 21.28 and a beta of 1.01. Marten Transport Ltd. has a 52-week low of $14.62 and a 52-week high of $22.27. The company’s 50-day moving average price is $21.62 and its 200-day moving average price is $19.87.
Marten Transport (NASDAQ:MRTN) last released its earnings results on Tuesday, July 19th. The company reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.01. Marten Transport had a net margin of 5.08% and a return on equity of 8.19%. The company had revenue of $166.10 million for the quarter, compared to analysts’ expectations of $168.17 million. On average, equities analysts predict that Marten Transport Ltd. will post $1.00 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 27th. Shareholders of record on Tuesday, September 13th will be paid a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a yield of 0.46%. The ex-dividend date is Friday, September 9th. Marten Transport’s payout ratio is 9.80%.
A number of brokerages recently weighed in on MRTN. Avondale Partners downgraded shares of Marten Transport from an “outperform” rating to a “market perform” rating and set a $22.00 target price for the company. in a research note on Friday, July 22nd. Zacks Investment Research downgraded shares of Marten Transport from a “hold” rating to a “sell” rating in a research note on Friday, June 24th.
In other news, Chairman Randolph L. Marten sold 100,000 shares of Marten Transport stock in a transaction that occurred on Friday, July 29th. The shares were sold at an average price of $21.76, for a total transaction of $2,176,000.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider John H. Turner sold 3,825 shares of Marten Transport stock in a transaction that occurred on Friday, September 2nd. The shares were sold at an average price of $22.00, for a total transaction of $84,150.00. The disclosure for this sale can be found here. Company insiders own 23.70% of the company’s stock.
Marten Transport Company Profile
Marten Transport, Ltd. is a national protective service transportation company. It is a temperature-sensitive truckload carrier. The Company specializes in 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.
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