Sawtooth Solutions LLC Purchases New Holdings in Marten Transport, Ltd (NASDAQ:MRTN)
Sawtooth Solutions LLC bought a new stake in shares of Marten Transport, Ltd (NASDAQ:MRTN) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund bought 14,586 shares of the transportation company’s stock, valued at approximately $260,000.
A number of other institutional investors have also made changes to their positions in MRTN. Quantamental Technologies LLC increased its stake in shares of Marten Transport by 2,408.3% in the first quarter. Quantamental Technologies LLC now owns 3,311 shares of the transportation company’s stock worth $59,000 after purchasing an additional 3,179 shares during the period. Bank of Montreal Can increased its holdings in shares of Marten Transport by 33.4% during the fourth quarter. Bank of Montreal Can now owns 4,767 shares of the transportation company’s stock worth $77,000 after purchasing an additional 1,193 shares during the period. Whittier Trust Co. bought a new position in shares of Marten Transport during the fourth quarter worth approximately $91,000. BNP Paribas Arbitrage SA increased its holdings in shares of Marten Transport by 421.9% during the first quarter. BNP Paribas Arbitrage SA now owns 8,199 shares of the transportation company’s stock worth $146,000 after purchasing an additional 6,628 shares during the period. Finally, Acadian Asset Management LLC bought a new position in shares of Marten Transport during the first quarter worth approximately $167,000. 69.65% of the stock is currently owned by hedge funds and other institutional investors.
MRTN has been the topic of several recent research reports. BidaskClub raised shares of Marten Transport from a “sell” rating to a “hold” rating in a report on Friday, February 22nd. Zacks Investment Research cut shares of Marten Transport from a “hold” rating to a “sell” rating in a research note on Thursday, March 28th. Finally, Stifel Nicolaus set a $18.00 price objective on shares of Marten Transport and gave the company a “hold” rating in a research note on Wednesday, April 17th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. Marten Transport has a consensus rating of “Hold” and a consensus target price of $20.33.
Marten Transport (NASDAQ:MRTN) last announced its quarterly earnings data on Tuesday, April 16th. The transportation company reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.01. The business had revenue of $199.00 million for the quarter, compared to analysts’ expectations of $196.60 million. Marten Transport had a net margin of 7.28% and a return on equity of 10.23%. The firm’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same period last year, the firm posted $0.19 earnings per share. As a group, sell-side analysts predict that Marten Transport, Ltd will post 1.12 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be paid a $0.03 dividend. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $0.12 dividend on an annualized basis and a yield of 0.66%. Marten Transport’s dividend payout ratio (DPR) is 12.00%.
In related news, Director Thomas J. Winkel sold 6,250 shares of Marten Transport stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $20.41, for a total value of $127,562.50. Following the transaction, the director now directly owns 28,241 shares of the company’s stock, valued at $576,398.81. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 23.00% of the company’s stock.
ILLEGAL ACTIVITY NOTICE: “Sawtooth Solutions LLC Purchases New Holdings in Marten Transport, Ltd (NASDAQ:MRTN)” 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 publication, it was illegally stolen and reposted in violation of US and international copyright and trademark legislation. The original version of this piece of content can be viewed at https://www.watchlistnews.com/sawtooth-solutions-llc-purchases-new-holdings-in-marten-transport-ltd-nasdaqmrtn/3039306.html.
Marten Transport Company Profile
Marten Transport, Ltd. operates as a temperature-sensitive truckload carrier for shippers in the United States, Canada, and Mexico. It 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.
Read More: What defines an oversold asset?
Want to see what other hedge funds are holding MRTN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Marten Transport, Ltd (NASDAQ:MRTN).
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.