GHP Investment Advisors Inc. Has $65,000 Position in Marten Transport, Ltd. $MRTN

GHP Investment Advisors Inc. lowered its position in Marten Transport, Ltd. (NASDAQ:MRTN) by 98.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,966 shares of the transportation company’s stock after selling 275,903 shares during the period. GHP Investment Advisors Inc.’s holdings in Marten Transport were worth $65,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Hantz Financial Services Inc. acquired a new position in Marten Transport in the second quarter worth approximately $35,000. Parallel Advisors LLC increased its holdings in Marten Transport by 410.4% in the second quarter. Parallel Advisors LLC now owns 4,634 shares of the transportation company’s stock worth $60,000 after buying an additional 3,726 shares during the last quarter. CWM LLC increased its holdings in Marten Transport by 148.3% in the second quarter. CWM LLC now owns 7,548 shares of the transportation company’s stock worth $98,000 after buying an additional 4,508 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in Marten Transport by 44.6% in the first quarter. PNC Financial Services Group Inc. now owns 7,428 shares of the transportation company’s stock worth $102,000 after buying an additional 2,291 shares during the last quarter. Finally, Caxton Associates LLP acquired a new position in Marten Transport in the first quarter worth approximately $158,000. Institutional investors and hedge funds own 69.12% of the company’s stock.

Analyst Ratings Changes

MRTN has been the topic of a number of research reports. Wall Street Zen downgraded Marten Transport from a “hold” rating to a “sell” rating in a report on Saturday, August 30th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Marten Transport in a report on Wednesday, October 8th. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $19.00.

Marten Transport Stock Down 1.5%

Shares of MRTN stock opened at $10.10 on Tuesday. Marten Transport, Ltd. has a 12 month low of $9.67 and a 12 month high of $18.63. The business’s 50 day moving average is $10.97 and its two-hundred day moving average is $12.24. The company has a market cap of $823.35 million, a PE ratio of 42.08 and a beta of 0.95.

Marten Transport (NASDAQ:MRTN) last announced its quarterly earnings data on Thursday, October 23rd. The transportation company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.01). The company had revenue of $220.47 million during the quarter, compared to analyst estimates of $230.38 million. Marten Transport had a return on equity of 2.52% and a net margin of 2.14%.The company’s revenue was down 7.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.05 EPS. As a group, equities analysts expect that Marten Transport, Ltd. will post 0.41 EPS for the current fiscal year.

Marten Transport Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th were paid a $0.06 dividend. The ex-dividend date was Tuesday, September 16th. This represents a $0.24 annualized dividend and a dividend yield of 2.4%. Marten Transport’s dividend payout ratio (DPR) is presently 100.00%.

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.