Marten Transport Ltd. (NASDAQ:MRTN) saw an uptick in trading volume on Thursday . 288,289 shares changed hands during mid-day trading, a decline of 7% from the previous session’s volume of 311,630 shares.The stock last traded at $20.35 and had previously closed at $20.20.

Several research firms have recently weighed in on MRTN. Zacks Investment Research downgraded Marten Transport from a “hold” rating to a “sell” rating in a research report on Friday, June 24th. Stifel Nicolaus downgraded Marten Transport from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $20.00 to $18.00 in a research report on Thursday, April 7th.

The company has a 50-day moving average price of $19.79 and a 200 day moving average price of $18.15. The company has a market cap of $662.08 million and a PE ratio of 20.22.

Marten Transport (NASDAQ:MRTN) last posted its quarterly earnings data on Thursday, April 21st. The company reported $0.25 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.23 by $0.02. The company had revenue of $151.90 million for the quarter, compared to analysts’ expectations of $168.70 million. During the same period in the prior year, the company earned $0.30 earnings per share. The firm’s revenue was up 9.0% on a year-over-year basis. Analysts forecast that Marten Transport Ltd. will post $1.04 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 28th. Shareholders of record on Tuesday, June 14th were paid a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a yield of 0.49%. The ex-dividend date of this dividend was Friday, June 10th.

In other Marten Transport news, CEO Randolph L. Marten sold 40,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 24th. The stock was sold at an average price of $19.27, for a total transaction of $770,800.00. Following the transaction, the chief executive officer now owns 7,283,921 shares in the company, valued at approximately $140,361,157.67. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Randolph L. Marten sold 60,000 shares of the business’s stock in a transaction that occurred on Thursday, April 28th. The stock was sold at an average price of $19.21, for a total value of $1,152,600.00. Following the transaction, the chief executive officer now owns 7,339,171 shares in the company, valued at approximately $140,985,474.91. The disclosure for this sale can be found here.

Other institutional investors have added to or reduced their stakes in the company. New York State Common Retirement Fund boosted its position in Marten Transport by 8.9% in the fourth quarter. New York State Common Retirement Fund now owns 81,243 shares of the company’s stock valued at $1,438,000 after buying an additional 6,617 shares during the last quarter. Henderson Group PLC boosted its position in Marten Transport by 1.6% in the fourth quarter. Henderson Group PLC now owns 427,870 shares of the company’s stock valued at $7,573,000 after buying an additional 6,817 shares during the last quarter. Rhumbline Advisers boosted its position in Marten Transport by 3.8% in the fourth quarter. Rhumbline Advisers now owns 63,863 shares of the company’s stock valued at $1,130,000 after buying an additional 2,310 shares during the last quarter. First Trust Advisors LP boosted its position in Marten Transport by 1,119.2% in the fourth quarter. First Trust Advisors LP now owns 168,527 shares of the company’s stock valued at $2,983,000 after buying an additional 154,704 shares during the last quarter. Finally, Sei Investments Co. boosted its position in Marten Transport by 1.2% in the fourth quarter. Sei Investments Co. now owns 100,074 shares of the company’s stock valued at $1,772,000 after buying an additional 1,165 shares during the last quarter.

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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