Media stories about Marten Transport (NASDAQ:MRTN) have been trending somewhat positive on Wednesday, Accern Sentiment Analysis reports. The research firm identifies negative and positive media coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Marten Transport earned a daily sentiment score of 0.16 on Accern’s scale. Accern also assigned news coverage about the transportation company an impact score of 45.0264100754472 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
A number of equities research analysts have recently commented on the company. BidaskClub raised Marten Transport from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Zacks Investment Research cut Marten Transport from a “buy” rating to a “hold” rating in a research note on Wednesday, January 31st. Seaport Global Securities upgraded Marten Transport from a “neutral” rating to a “buy” rating and set a $30.00 price objective on the stock in a research note on Friday, January 26th. Finally, Stephens reiterated a “buy” rating and issued a $25.00 price target on shares of Marten Transport in a research note on Wednesday, January 10th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $23.50.
Marten Transport (NASDAQ MRTN) traded up $0.20 during trading hours on Wednesday, hitting $23.10. The stock had a trading volume of 525,334 shares, compared to its average volume of 322,469. The company has a market capitalization of $1,249.56, a price-to-earnings ratio of 14.02 and a beta of 1.40. Marten Transport has a 52 week low of $12.99 and a 52 week high of $29.60.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Monday, March 19th will be given a $0.025 dividend. The ex-dividend date of this dividend is Friday, March 16th. This represents a $0.10 dividend on an annualized basis and a yield of 0.43%. Marten Transport’s dividend payout ratio (DPR) is 6.10%.
In other news, Director Thomas J. Winkel sold 6,250 shares of the stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $22.55, for a total transaction of $140,937.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Larry B. Hagness sold 12,000 shares of the stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $23.39, for a total value of $280,680.00. The disclosure for this sale can be found here. Corporate insiders own 23.00% of the company’s stock.
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About Marten Transport
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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