Jane Street Group LLC Reduces Stock Position in Marten Transport, Ltd. (NASDAQ:MRTN)

Jane Street Group LLC trimmed its stake in shares of Marten Transport, Ltd. (NASDAQ:MRTN) by 7.0% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 77,671 shares of the transportation company’s stock after selling 5,846 shares during the period. Jane Street Group LLC owned approximately 0.10% of Marten Transport worth $1,375,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MRTN. Canada Pension Plan Investment Board purchased a new stake in Marten Transport during the 2nd quarter valued at $28,000. KBC Group NV increased its holdings in Marten Transport by 54.6% during the third quarter. KBC Group NV now owns 3,376 shares of the transportation company’s stock valued at $60,000 after buying an additional 1,192 shares during the last quarter. Nisa Investment Advisors LLC raised its position in Marten Transport by 24.3% in the third quarter. Nisa Investment Advisors LLC now owns 6,587 shares of the transportation company’s stock worth $117,000 after acquiring an additional 1,289 shares during the period. Intech Investment Management LLC bought a new position in Marten Transport in the third quarter worth approximately $181,000. Finally, Verition Fund Management LLC purchased a new position in shares of Marten Transport during the 3rd quarter worth $216,000. Institutional investors own 69.12% of the company’s stock.

Insider Buying and Selling

In related news, Director Jerry M. Bauer bought 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 30th. The stock was bought at an average cost of $15.81 per share, with a total value of $158,100.00. Following the completion of the purchase, the director now owns 156,444 shares of the company’s stock, valued at approximately $2,473,379.64. The trade was a 6.83 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. 22.90% of the stock is owned by insiders.

Analyst Ratings Changes

MRTN has been the subject of several analyst reports. StockNews.com lowered Marten Transport from a “hold” rating to a “sell” rating in a research note on Wednesday, October 2nd. Raymond James cut Marten Transport from an “outperform” rating to a “market perform” rating in a research report on Monday, October 14th.

Marten Transport Price Performance

Shares of NASDAQ MRTN opened at $15.60 on Friday. Marten Transport, Ltd. has a 1 year low of $15.33 and a 1 year high of $21.38. The firm has a fifty day moving average price of $16.66 and a 200-day moving average price of $17.19. The stock has a market cap of $1.27 billion, a PE ratio of 37.14 and a beta of 0.82.

Marten Transport (NASDAQ:MRTN) last issued its quarterly earnings results on Thursday, October 17th. The transportation company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.02). Marten Transport had a return on equity of 4.41% and a net margin of 3.36%. The business had revenue of $237.37 million during the quarter, compared to analysts’ expectations of $244.00 million. On average, research analysts expect that Marten Transport, Ltd. will post 0.32 EPS for the current year.

Marten Transport Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Friday, December 13th were paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 1.54%. The ex-dividend date was Friday, December 13th. Marten Transport’s dividend payout ratio (DPR) is presently 57.14%.

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.