Marten Transport Ltd. (NASDAQ:MRTN) shares saw strong trading volume on Thursday . 288,289 shares were traded during 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 analysts have weighed in on the stock. Zacks Investment Research lowered shares of Marten Transport from a “hold” rating to a “sell” rating in a report on Friday, June 24th. Stifel Nicolaus lowered shares of Marten Transport from a “buy” rating to a “hold” rating and decreased their price target for the company from $20.00 to $18.00 in a report on Thursday, April 7th.

The company’s 50-day moving average is $19.87 and its 200-day moving average is $18.18. The firm has a market capitalization of $696.12 million and a price-to-earnings ratio of 21.26.

Marten Transport (NASDAQ:MRTN) last issued its quarterly earnings data on Thursday, April 21st. The company reported $0.25 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.02. During the same quarter in the previous year, the firm posted $0.30 earnings per share. The firm earned $151.90 million during the quarter, compared to analyst estimates of $168.70 million. Marten Transport’s quarterly revenue was up 9.0% compared to the same quarter last year. On average, equities research analysts anticipate that Marten Transport Ltd. will post $1.03 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 28th. Stockholders of record on Tuesday, June 14th were paid a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.47%. The ex-dividend date was Friday, June 10th.

In other news, VP John H. Turner sold 2,400 shares of the business’s stock in a transaction on Wednesday, May 25th. The shares were sold at an average price of $19.40, for a total value of $46,560.00. Following the completion of the sale, the vice president now directly owns 25,913 shares in the company, valued at $502,712.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Randolph L. Marten sold 60,000 shares of the business’s stock in a transaction on Thursday, April 28th. The stock was sold at an average price of $19.21, for a total transaction of $1,152,600.00. Following the completion of the sale, the chief executive officer now owns 7,339,171 shares of the company’s stock, valued at $140,985,474.91. The disclosure for this sale can be found here.

Other hedge funds have recently modified their holdings of the company. Henderson Group PLC boosted its stake in shares of Marten Transport by 1.6% in the fourth quarter. Henderson Group PLC now owns 427,870 shares of the company’s stock worth $7,573,000 after buying an additional 6,817 shares during the last quarter. American Century Companies Inc. boosted its position in Marten Transport by 0.7% in the fourth quarter. American Century Companies Inc. now owns 306,765 shares of the company’s stock valued at $5,430,000 after buying an additional 2,250 shares during the last quarter. Nationwide Fund Advisors boosted its position in Marten Transport by 18.5% in the fourth quarter. Nationwide Fund Advisors now owns 198,262 shares of the company’s stock valued at $3,509,000 after buying an additional 30,988 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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