Quadrature Capital Ltd Has $251,000 Position in Marten Transport, Ltd. (NASDAQ:MRTN)

Quadrature Capital Ltd grew its holdings in Marten Transport, Ltd. (NASDAQ:MRTN – Get Rating) by 21.4% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 13,076 shares of the transportation company’s stock after purchasing an additional 2,304 shares during the quarter. Quadrature Capital Ltd’s holdings in Marten Transport were worth $251,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Dimensional Fund Advisors LP grew its position in shares of Marten Transport by 1.0% in the third quarter. Dimensional Fund Advisors LP now owns 5,996,629 shares of the transportation company’s stock valued at $114,902,000 after purchasing an additional 61,270 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Marten Transport by 2.3% in the first quarter. Vanguard Group Inc. now owns 3,982,879 shares of the transportation company’s stock valued at $70,737,000 after buying an additional 90,235 shares during the period. Geneva Capital Management LLC lifted its stake in shares of Marten Transport by 3.9% in the third quarter. Geneva Capital Management LLC now owns 3,284,564 shares of the transportation company’s stock valued at $62,933,000 after buying an additional 122,194 shares during the period. State Street Corp lifted its stake in shares of Marten Transport by 8.8% in the second quarter. State Street Corp now owns 2,875,734 shares of the transportation company’s stock valued at $48,370,000 after buying an additional 231,754 shares during the period. Finally, Northern Trust Corp lifted its stake in shares of Marten Transport by 10.8% in the first quarter. Northern Trust Corp now owns 1,109,144 shares of the transportation company’s stock valued at $19,700,000 after buying an additional 108,373 shares during the period. 68.27% of the stock is owned by institutional investors and hedge funds.

Marten Transport Stock Down 5.0 %

Shares of MRTN opened at $20.70 on Tuesday. The stock has a market cap of $1.68 billion, a price-to-earnings ratio of 15.33 and a beta of 0.88. Marten Transport, Ltd. has a 12 month low of $15.76 and a 12 month high of $23.43. The company has a 50-day moving average price of $21.49 and a two-hundred day moving average price of $20.47.

Marten Transport (NASDAQ:MRTN – Get Rating) last announced its quarterly earnings results on Tuesday, January 24th. The transportation company reported $0.31 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.01. The firm had revenue of $322.58 million during the quarter, compared to analysts’ expectations of $318.20 million. Marten Transport had a net margin of 8.73% and a return on equity of 16.38%. The company’s revenue for the quarter was up 20.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.30 earnings per share. Equities research analysts expect that Marten Transport, Ltd. will post 1.33 EPS for the current fiscal year.

Marten Transport Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 31st. Stockholders of record on Friday, March 17th will be paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date of this dividend is Thursday, March 16th. Marten Transport’s dividend payout ratio (DPR) is currently 17.78%.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Marten Transport from a “hold” rating to a “buy” rating in a research note on Friday, February 24th.

Marten Transport Company Profile

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Marten Transport Ltd. engages in the provision of temperature-sensitive truckload carrier services. It operates through the following segments: Truckload, Dedicated, Intermodal and Brokerage. The Truckload segment includes transport of food and consumer packaged goods that require a temperature-controlled or insulated environment.