Marten Transport, Ltd. (NASDAQ:MRTN) Director Jerry M. Bauer Purchases 10,000 Shares of Stock

Marten Transport, Ltd. (NASDAQ:MRTN) Director Jerry M. Bauer purchased 10,000 shares of the company’s stock in a transaction on Wednesday, October 30th. The stock was purchased at an average cost of $15.81 per share, for a total transaction of $158,100.00. Following the purchase, the director now directly owns 156,444 shares in the company, valued at approximately $2,473,379.64. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Marten Transport Price Performance

Shares of MRTN stock opened at $15.48 on Friday. The company has a fifty day moving average price of $16.92 and a two-hundred day moving average price of $17.35. Marten Transport, Ltd. has a one year low of $15.33 and a one year high of $21.38. The stock has a market cap of $1.26 billion, a P/E ratio of 36.86 and a beta of 0.77.

Marten Transport Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 1.55%. The ex-dividend date of this dividend was Monday, September 16th. Marten Transport’s payout ratio is currently 57.14%.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Raymond James cut Marten Transport from an “outperform” rating to a “market perform” rating in a research note on Monday, October 14th. Vertical Research lowered shares of Marten Transport from a “buy” rating to a “hold” rating and cut their price objective for the stock from $22.00 to $19.00 in a research report on Tuesday, July 9th. Finally, StockNews.com cut shares of Marten Transport from a “hold” rating to a “sell” rating in a report on Wednesday, October 2nd.

Hedge Funds Weigh In On Marten Transport

A number of institutional investors have recently bought and sold shares of MRTN. Canada Pension Plan Investment Board acquired a new stake in shares of Marten Transport in the second quarter valued at approximately $28,000. CWM LLC lifted its holdings in Marten Transport by 88.8% during the 2nd quarter. CWM LLC now owns 3,319 shares of the transportation company’s stock valued at $61,000 after purchasing an additional 1,561 shares during the last quarter. Nisa Investment Advisors LLC boosted its position in Marten Transport by 24.3% during the third quarter. Nisa Investment Advisors LLC now owns 6,587 shares of the transportation company’s stock worth $117,000 after purchasing an additional 1,289 shares during the period. ProShare Advisors LLC increased its holdings in shares of Marten Transport by 7.4% in the first quarter. ProShare Advisors LLC now owns 11,706 shares of the transportation company’s stock valued at $216,000 after purchasing an additional 807 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. bought a new position in shares of Marten Transport in the third quarter valued at about $263,000. Institutional investors and hedge funds own 69.12% of the company’s stock.

About Marten Transport

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.