Heartland Advisors Inc. Has $6,300,000 Stake in Marten Transport Ltd. (MRTN)
Heartland Advisors Inc. held its position in Marten Transport Ltd. (NASDAQ:MRTN) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 300,000 shares of the company’s stock at the end of the third quarter. Heartland Advisors Inc. owned 0.92% of Marten Transport worth $6,300,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in MRTN. Envestnet Asset Management Inc. increased its position in Marten Transport by 8.8% in the first quarter. Envestnet Asset Management Inc. now owns 61,299 shares of the company’s stock valued at $1,148,000 after buying an additional 4,975 shares during the last quarter. BNP Paribas Arbitrage SA increased its position in Marten Transport by 104.7% in the second quarter. BNP Paribas Arbitrage SA now owns 7,133 shares of the company’s stock valued at $141,000 after buying an additional 3,648 shares during the last quarter. Foundry Partners LLC increased its position in Marten Transport by 0.3% in the second quarter. Foundry Partners LLC now owns 159,610 shares of the company’s stock valued at $3,160,000 after buying an additional 475 shares during the last quarter. Coyle Financial Counsel LLC increased its position in Marten Transport by 1.8% in the second quarter. Coyle Financial Counsel LLC now owns 33,269 shares of the company’s stock valued at $659,000 after buying an additional 584 shares during the last quarter. Finally, Falcon Point Capital LLC increased its position in Marten Transport by 12.5% in the second quarter. Falcon Point Capital LLC now owns 59,387 shares of the company’s stock valued at $1,176,000 after buying an additional 6,596 shares during the last quarter. Hedge funds and other institutional investors own 69.26% of the company’s stock.
Marten Transport Ltd. (NASDAQ:MRTN) traded down 0.21% during mid-day trading on Monday, hitting $24.20. 34,460 shares of the stock traded hands. The firm’s 50-day moving average is $21.21 and its 200 day moving average is $20.87. Marten Transport Ltd. has a 52-week low of $15.49 and a 52-week high of $24.40. The firm has a market cap of $788.22 million, a P/E ratio of 23.50 and a beta of 1.19.
Marten Transport (NASDAQ:MRTN) last issued its earnings results on Thursday, October 20th. The company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.02. Marten Transport had a net margin of 5.09% and a return on equity of 8.14%. The firm had revenue of $170.50 million for the quarter, compared to analysts’ expectations of $166.10 million. During the same quarter last year, the business earned $0.25 earnings per share. The business’s revenue was down .5% on a year-over-year basis. Equities analysts predict that Marten Transport Ltd. will post $1.01 EPS for the current fiscal year.
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Separately, Zacks Investment Research upgraded shares of Marten Transport from a “sell” rating to a “hold” rating in a report on Wednesday, September 21st.
In other news, insider John H. Turner sold 3,825 shares of the firm’s stock in a transaction that occurred on Friday, September 2nd. The shares were sold at an average price of $22.00, for a total value of $84,150.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 23.70% of the stock is currently owned by insiders.
About Marten Transport
Marten Transport, Ltd. is a national protective service transportation company. It is a temperature-sensitive truckload carrier. The Company specializes in 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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