Aigen Investment Management LP Makes New Investment in Marten Transport, Ltd. (NASDAQ:MRTN)

Aigen Investment Management LP bought a new position in Marten Transport, Ltd. (NASDAQ:MRTN) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 12,874 shares of the transportation company’s stock, valued at approximately $201,000.

A number of other institutional investors have also recently made changes to their positions in the company. Geneva Capital Management LLC lifted its position in Marten Transport by 0.5% in the 3rd quarter. Geneva Capital Management LLC now owns 3,231,604 shares of the transportation company’s stock valued at $57,199,000 after acquiring an additional 15,388 shares in the last quarter. KBC Group NV raised its stake in shares of Marten Transport by 54.6% in the third quarter. KBC Group NV now owns 3,376 shares of the transportation company’s stock worth $60,000 after purchasing an additional 1,192 shares during the last quarter. Nuance Investments LLC lifted its holdings in shares of Marten Transport by 13.0% during the third quarter. Nuance Investments LLC now owns 2,627,111 shares of the transportation company’s stock valued at $46,500,000 after purchasing an additional 303,132 shares in the last quarter. Intech Investment Management LLC purchased a new stake in shares of Marten Transport during the third quarter valued at $181,000. Finally, Charles Schwab Investment Management Inc. increased its holdings in Marten Transport by 4.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 940,431 shares of the transportation company’s stock worth $16,646,000 after buying an additional 38,990 shares in the last quarter. Hedge funds and other institutional investors own 69.12% of the company’s stock.

Marten Transport Trading Down 0.5 %

NASDAQ:MRTN opened at $14.36 on Monday. The company has a market cap of $1.17 billion, a PE ratio of 42.24 and a beta of 0.84. The company has a 50 day simple moving average of $15.30 and a two-hundred day simple moving average of $16.33. Marten Transport, Ltd. has a 12 month low of $14.17 and a 12 month high of $19.26.

Marten Transport (NASDAQ:MRTN) last issued its quarterly earnings data on Monday, January 27th. The transportation company reported $0.07 EPS for the quarter, topping the consensus estimate of $0.06 by $0.01. Marten Transport had a return on equity of 3.52% and a net margin of 2.79%. Research analysts forecast that Marten Transport, Ltd. will post 0.41 earnings per share for the current year.

Marten Transport Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 1.67%. The ex-dividend date is Friday, March 14th. Marten Transport’s payout ratio is currently 70.59%.

Wall Street Analyst Weigh In

Separately, Stephens upped their target price on shares of Marten Transport from $18.00 to $19.00 and gave the company an “overweight” rating in a research note on Tuesday, January 28th.

Marten Transport Profile

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.