Penn Capital Management Co. Inc. increased its stake in Marten Transport, Ltd (NASDAQ:MRTN) by 4.6% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 278,533 shares of the transportation company’s stock after acquiring an additional 12,336 shares during the quarter. Penn Capital Management Co. Inc.’s holdings in Marten Transport were worth $5,654,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. BlackRock Inc. increased its holdings in Marten Transport by 10.5% in the 4th quarter. BlackRock Inc. now owns 5,262,557 shares of the transportation company’s stock worth $106,829,000 after acquiring an additional 499,269 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Marten Transport by 64.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 4,613,274 shares of the transportation company’s stock worth $94,798,000 after acquiring an additional 1,814,763 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in Marten Transport by 38.7% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,709,997 shares of the transportation company’s stock worth $35,140,000 after acquiring an additional 477,099 shares in the last quarter. Vanguard Group Inc. increased its holdings in Marten Transport by 2.3% in the 2nd quarter. Vanguard Group Inc. now owns 1,261,440 shares of the transportation company’s stock worth $34,563,000 after acquiring an additional 28,574 shares in the last quarter. Finally, Janus Henderson Group PLC increased its holdings in Marten Transport by 27.5% in the 3rd quarter. Janus Henderson Group PLC now owns 864,827 shares of the transportation company’s stock worth $17,772,000 after acquiring an additional 186,501 shares in the last quarter. 68.60% of the stock is owned by institutional investors.
In other Marten Transport news, Director Larry B. Hagness sold 12,000 shares of Marten Transport stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $23.39, for a total transaction of $280,680.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 23.00% of the company’s stock.
Shares of Marten Transport, Ltd (NASDAQ:MRTN) opened at $22.10 on Friday. Marten Transport, Ltd has a one year low of $12.99 and a one year high of $29.60. The stock has a market cap of $1,205.18, a price-to-earnings ratio of 35.65 and a beta of 1.38.
Marten Transport (NASDAQ:MRTN) last announced its earnings results on Thursday, January 25th. The transportation company reported $0.16 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.16. Marten Transport had a net margin of 12.93% and a return on equity of 7.17%. The company had revenue of $182.70 million for the quarter, compared to analysts’ expectations of $177.55 million. During the same quarter in the previous year, the company posted $0.25 EPS. The firm’s quarterly revenue was up 5.8% on a year-over-year basis. research analysts predict that Marten Transport, Ltd will post 0.91 earnings per share for the current year.
MRTN has been the subject of several recent analyst reports. BidaskClub lowered shares of Marten Transport from a “buy” rating to a “hold” rating in a report on Saturday, January 6th. Stephens reissued a “buy” rating and issued a $25.00 price target on shares of Marten Transport in a report on Wednesday, January 10th. Zacks Investment Research raised shares of Marten Transport from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a research note on Saturday, January 20th. Finally, Seaport Global Securities raised shares of Marten Transport from a “neutral” rating to a “buy” rating and set a $30.00 target price on the stock in a research note on Friday, January 26th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $23.50.
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About Marten Transport
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.
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