Insider Selling: Marten Transport, Ltd (MRTN) Director Sells 12,000 Shares of Stock
Marten Transport, Ltd (NASDAQ:MRTN) Director Larry B. Hagness sold 12,000 shares of the business’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $23.39, for a total transaction of $280,680.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Shares of Marten Transport, Ltd (MRTN) opened at $22.05 on Wednesday. The company has a market cap of $1,273.36, a P/E ratio of 13.45 and a beta of 1.38. Marten Transport, Ltd has a 52 week low of $12.99 and a 52 week high of $29.60.
Marten Transport (NASDAQ:MRTN) last announced its quarterly earnings results on Thursday, January 25th. The transportation company reported $0.16 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.16. The company had revenue of $182.70 million for the quarter, compared to analysts’ expectations of $177.55 million. Marten Transport had a net margin of 12.93% and a return on equity of 7.17%. Marten Transport’s revenue was up 5.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.25 EPS. analysts forecast that Marten Transport, Ltd will post 0.84 EPS for the current year.
Hedge funds have recently made changes to their positions in the stock. Sei Investments Co. lifted its stake in shares of Marten Transport by 109.8% during the 3rd quarter. Sei Investments Co. now owns 6,198 shares of the transportation company’s stock valued at $127,000 after buying an additional 3,244 shares in the last quarter. First Republic Investment Management Inc. bought a new stake in Marten Transport during the 3rd quarter worth approximately $229,000. Stevens Capital Management LP bought a new stake in Marten Transport during the 3rd quarter worth approximately $231,000. First Allied Advisory Services Inc. bought a new stake in Marten Transport during the 3rd quarter worth approximately $237,000. Finally, 1st Global Advisors Inc. increased its holdings in Marten Transport by 68.6% during the 2nd quarter. 1st Global Advisors Inc. now owns 16,922 shares of the transportation company’s stock worth $278,000 after acquiring an additional 6,886 shares during the period. Institutional investors own 69.88% of the company’s stock.
WARNING: This piece of content was first posted by Watch List News and is owned by of Watch List News. If you are reading this piece of content on another site, it was illegally stolen and reposted in violation of U.S. & international copyright & trademark legislation. The legal version of this piece of content can be viewed at https://www.watchlistnews.com/insider-selling-marten-transport-ltd-mrtn-director-sells-12000-shares-of-stock/1849822.html.
Marten Transport Company Profile
Marten Transport, Ltd. is a temperature-sensitive truckload carrier. The Company focuses on 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.
Receive News & Ratings for Marten Transport Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marten Transport and related companies with MarketBeat.com's FREE daily email newsletter.