Marten Transport, Ltd. (NASDAQ:MRTN) Shares Acquired by Tectonic Advisors LLC

Tectonic Advisors LLC increased its holdings in shares of Marten Transport, Ltd. (NASDAQ:MRTN) by 5.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 28,533 shares of the transportation company’s stock after purchasing an additional 1,538 shares during the quarter. Tectonic Advisors LLC’s holdings in Marten Transport were worth $505,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of MRTN. Nuance Investments LLC acquired a new stake in shares of Marten Transport during the first quarter valued at about $24,122,000. Deprince Race & Zollo Inc. acquired a new stake in Marten Transport in the 2nd quarter valued at approximately $5,334,000. American Century Companies Inc. raised its position in Marten Transport by 13.1% in the second quarter. American Century Companies Inc. now owns 1,402,776 shares of the transportation company’s stock valued at $25,881,000 after purchasing an additional 162,924 shares during the period. Vanguard Group Inc. raised its position in Marten Transport by 3.1% in the fourth quarter. Vanguard Group Inc. now owns 4,338,538 shares of the transportation company’s stock valued at $91,023,000 after purchasing an additional 132,407 shares during the period. Finally, Hodges Capital Management Inc. acquired a new position in Marten Transport during the second quarter worth $2,124,000. 69.12% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

MRTN has been the topic of several research analyst reports. Raymond James downgraded Marten Transport from an “outperform” rating to a “market perform” rating in a report on Monday, October 14th. Vertical Research cut shares of Marten Transport from a “buy” rating to a “hold” rating and reduced their target price for the company from $22.00 to $19.00 in a report on Tuesday, July 9th. Finally, StockNews.com cut shares of Marten Transport from a “hold” rating to a “sell” rating in a report on Wednesday, October 2nd.

Marten Transport Trading Up 0.8 %

MRTN stock opened at $15.78 on Friday. The stock has a market cap of $1.28 billion, a P/E ratio of 37.57 and a beta of 0.77. Marten Transport, Ltd. has a twelve month low of $15.33 and a twelve month high of $21.38. The company’s 50 day moving average is $17.01 and its two-hundred day moving average is $17.39.

Marten Transport Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were given a $0.06 dividend. The ex-dividend date was Monday, September 16th. This represents a $0.24 dividend on an annualized basis and a yield of 1.52%. 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.