GHP Investment Advisors Inc. Has $65,000 Stock Position in Marten Transport, Ltd. $MRTN

GHP Investment Advisors Inc. decreased its stake in Marten Transport, Ltd. (NASDAQ:MRTN) by 98.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,966 shares of the transportation company’s stock after selling 275,903 shares during the period. GHP Investment Advisors Inc.’s holdings in Marten Transport were worth $65,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Geneva Capital Management LLC boosted its stake in Marten Transport by 6.3% during the second quarter. Geneva Capital Management LLC now owns 3,355,193 shares of the transportation company’s stock worth $43,584,000 after buying an additional 199,690 shares in the last quarter. Hantz Financial Services Inc. acquired a new stake in Marten Transport during the second quarter worth $35,000. Teacher Retirement System of Texas boosted its stake in Marten Transport by 166.7% during the second quarter. Teacher Retirement System of Texas now owns 350,512 shares of the transportation company’s stock worth $4,553,000 after buying an additional 219,087 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in Marten Transport by 5.6% during the second quarter. Envestnet Asset Management Inc. now owns 126,808 shares of the transportation company’s stock worth $1,647,000 after buying an additional 6,707 shares in the last quarter. Finally, Nisa Investment Advisors LLC boosted its stake in Marten Transport by 364.7% during the second quarter. Nisa Investment Advisors LLC now owns 21,853 shares of the transportation company’s stock worth $284,000 after buying an additional 17,150 shares in the last quarter. Institutional investors and hedge funds own 69.12% of the company’s stock.

Marten Transport Price Performance

Marten Transport stock opened at $10.10 on Tuesday. The company’s 50 day simple moving average is $10.97 and its 200 day simple moving average is $12.24. Marten Transport, Ltd. has a fifty-two week low of $9.67 and a fifty-two week high of $18.63. The firm has a market capitalization of $823.35 million, a price-to-earnings ratio of 42.08 and a beta of 0.95.

Marten Transport (NASDAQ:MRTN) last announced its quarterly earnings results on Thursday, October 23rd. The transportation company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). Marten Transport had a net margin of 2.14% and a return on equity of 2.52%. The company had revenue of $220.47 million during the quarter, compared to the consensus estimate of $230.38 million. During the same period in the previous year, the firm posted $0.05 EPS. The business’s quarterly revenue was down 7.1% compared to the same quarter last year. As a group, analysts predict that Marten Transport, Ltd. will post 0.41 EPS for the current fiscal year.

Marten Transport Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th were paid a $0.06 dividend. The ex-dividend date of this dividend was Tuesday, September 16th. This represents a $0.24 dividend on an annualized basis and a yield of 2.4%. Marten Transport’s payout ratio is presently 100.00%.

Analyst Upgrades and Downgrades

MRTN has been the subject of a number of analyst reports. Wall Street Zen cut Marten Transport from a “hold” rating to a “sell” rating in a report on Saturday, August 30th. Weiss Ratings restated a “sell (d+)” rating on shares of Marten Transport in a research report on Wednesday, October 8th. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $19.00.

Marten Transport Company 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.