Marten Transport, Ltd. (NASDAQ:MRTN) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC lessened its stake in shares of Marten Transport, Ltd. (NASDAQ:MRTN) by 9.8% during the fourth quarter, Holdings Channel.com reports. The fund owned 28,687 shares of the transportation company’s stock after selling 3,120 shares during the period. Yousif Capital Management LLC’s holdings in Marten Transport were worth $602,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Quantbot Technologies LP acquired a new position in shares of Marten Transport during the 3rd quarter valued at $54,000. International Assets Investment Management LLC boosted its holdings in Marten Transport by 1,997.7% during the fourth quarter. International Assets Investment Management LLC now owns 2,706 shares of the transportation company’s stock worth $57,000 after buying an additional 2,577 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Marten Transport by 36.2% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,364 shares of the transportation company’s stock worth $224,000 after buying an additional 3,018 shares during the last quarter. Vest Financial LLC bought a new position in shares of Marten Transport in the fourth quarter valued at $252,000. Finally, Natixis Advisors L.P. increased its holdings in shares of Marten Transport by 10.7% in the third quarter. Natixis Advisors L.P. now owns 16,727 shares of the transportation company’s stock valued at $330,000 after buying an additional 1,616 shares in the last quarter. Institutional investors and hedge funds own 69.12% of the company’s stock.

Marten Transport Trading Up 1.3 %

Shares of NASDAQ MRTN opened at $17.44 on Monday. Marten Transport, Ltd. has a one year low of $15.33 and a one year high of $23.38. The business has a 50-day moving average price of $17.87 and a two-hundred day moving average price of $18.79. The firm has a market capitalization of $1.42 billion, a PE ratio of 24.56 and a beta of 0.79.

Marten Transport (NASDAQ:MRTN) last posted its quarterly earnings results on Thursday, April 18th. The transportation company reported $0.12 EPS for the quarter, hitting the consensus estimate of $0.12. The business had revenue of $249.67 million during the quarter, compared to analysts’ expectations of $262.77 million. Marten Transport had a net margin of 5.31% and a return on equity of 7.65%. The firm’s quarterly revenue was down 16.2% compared to the same quarter last year. During the same period last year, the company posted $0.28 earnings per share.

Marten Transport Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date was Thursday, March 14th. Marten Transport’s dividend payout ratio (DPR) is presently 33.80%.

Analysts Set New Price Targets

MRTN has been the subject of a number of recent analyst reports. Stephens decreased their price target on Marten Transport from $23.00 to $21.00 and set an “overweight” rating for the company in a research report on Friday, April 19th. Vertical Research upgraded shares of Marten Transport from a “hold” rating to a “buy” rating and set a $25.00 target price for the company in a report on Wednesday, January 10th.

Marten Transport Profile

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.