Morgan Dempsey Capital Management LLC lowered its stake in Marten Transport, Ltd. (NASDAQ:MRTN) by 4.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 20,754 shares of the transportation company’s stock after selling 892 shares during the period. Morgan Dempsey Capital Management LLC’s holdings in Marten Transport were worth $569,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the company. Wellington Management Group LLP increased its stake in Marten Transport by 14.7% in the first quarter. Wellington Management Group LLP now owns 1,841,229 shares of the transportation company’s stock valued at $43,177,000 after buying an additional 235,974 shares in the last quarter. Vanguard Group Inc. increased its stake in Marten Transport by 7.7% in the first quarter. Vanguard Group Inc. now owns 1,232,866 shares of the transportation company’s stock valued at $28,911,000 after buying an additional 87,941 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Marten Transport by 4.5% in the first quarter. Bank of New York Mellon Corp now owns 1,148,132 shares of the transportation company’s stock valued at $26,923,000 after buying an additional 49,123 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in Marten Transport by 814.8% in the first quarter. Goldman Sachs Group Inc. now owns 670,711 shares of the transportation company’s stock valued at $15,729,000 after buying an additional 597,393 shares in the last quarter. Finally, State Street Corp increased its stake in Marten Transport by 1.6% in the first quarter. State Street Corp now owns 618,852 shares of the transportation company’s stock valued at $14,510,000 after buying an additional 9,638 shares in the last quarter. Institutional investors and hedge funds own 40.66% of the company’s stock.

Marten Transport, Ltd. (NASDAQ MRTN) opened at 16.35 on Thursday. The stock has a 50 day moving average of $16.30 and a 200-day moving average of $14.97. Marten Transport, Ltd. has a 12 month low of $11.22 and a 12 month high of $17.90. The firm has a market cap of $891.30 million, a P/E ratio of 26.29 and a beta of 1.27.

Marten Transport (NASDAQ:MRTN) last issued its earnings results on Thursday, July 20th. The transportation company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.02. Marten Transport had a net margin of 4.96% and a return on equity of 7.72%. The firm had revenue of $171.51 million for the quarter, compared to analysts’ expectations of $176.08 million. During the same quarter last year, the business earned $0.26 earnings per share. The business’s revenue was up 3.3% on a year-over-year basis. Equities research analysts predict that Marten Transport, Ltd. will post $0.63 earnings per share for the current fiscal year.

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MRTN has been the topic of several recent research reports. Zacks Investment Research upgraded shares of Marten Transport from a “sell” rating to a “hold” rating in a research report on Tuesday, June 27th. Stifel Nicolaus boosted their price target on shares of Marten Transport from $13.20 to $15.00 and gave the stock a “hold” rating in a research report on Tuesday, April 25th. BidaskClub downgraded shares of Marten Transport from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. Finally, ValuEngine upgraded shares of Marten Transport from a “hold” rating to a “buy” rating in a research report on Tuesday, July 11th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. Marten Transport currently has a consensus rating of “Hold” and an average price target of $17.00.

In other Marten Transport news, Chairman Randolph L. Marten sold 50,000 shares of the firm’s stock in a transaction on Tuesday, June 6th. The stock was sold at an average price of $25.51, for a total transaction of $1,275,500.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider John H. Turner sold 4,000 shares of the firm’s stock in a transaction on Tuesday, June 6th. The shares were sold at an average price of $25.59, for a total value of $102,360.00. The disclosure for this sale can be found here. Company insiders own 23.00% of the company’s stock.

Marten Transport Company Profile

Marten Transport, Ltd. is a temperature-sensitive truckload carrier. The Company focuses on 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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Institutional Ownership by Quarter for Marten Transport (NASDAQ:MRTN)

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