Geneva Capital Management LLC Buys 15,388 Shares of Marten Transport, Ltd. (NASDAQ:MRTN)

Geneva Capital Management LLC increased its position in shares of Marten Transport, Ltd. (NASDAQ:MRTN) by 0.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,231,604 shares of the transportation company’s stock after acquiring an additional 15,388 shares during the quarter. Geneva Capital Management LLC owned about 3.97% of Marten Transport worth $57,199,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. Canada Pension Plan Investment Board bought a new position in shares of Marten Transport during the second quarter worth $28,000. CWM LLC raised its stake in Marten Transport by 88.8% during the 2nd quarter. CWM LLC now owns 3,319 shares of the transportation company’s stock worth $61,000 after buying an additional 1,561 shares during the period. Nisa Investment Advisors LLC lifted its holdings in Marten Transport by 24.3% during 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 in the last quarter. ProShare Advisors LLC grew its stake in Marten Transport by 7.4% in the first quarter. ProShare Advisors LLC now owns 11,706 shares of the transportation company’s stock valued at $216,000 after acquiring an additional 807 shares during the period. Finally, Hennion & Walsh Asset Management Inc. bought a new stake in shares of Marten Transport in the third quarter worth about $263,000. Institutional investors and hedge funds own 69.12% of the company’s stock.

Marten Transport Stock Performance

NASDAQ:MRTN opened at $17.94 on Wednesday. Marten Transport, Ltd. has a 52-week low of $15.33 and a 52-week high of $21.38. The company has a market cap of $1.46 billion, a PE ratio of 42.71 and a beta of 0.79. The stock has a 50-day simple moving average of $16.86 and a 200 day simple moving average of $17.39.

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 the consensus estimate of $0.07 by ($0.02). Marten Transport had a net margin of 3.36% and a return on equity of 4.41%. The business had revenue of $237.37 million during the quarter, compared to analyst estimates of $244.00 million. On average, research analysts predict that Marten Transport, Ltd. will post 0.32 earnings per share for the current fiscal year.

Insider Buying and Selling at Marten Transport

In other news, Director Jerry M. Bauer purchased 10,000 shares of the business’s stock in a transaction on Wednesday, October 30th. The stock was purchased at an average price of $15.81 per share, for a total transaction of $158,100.00. Following the completion of the purchase, the director now directly owns 156,444 shares in the company, valued at $2,473,379.64. The trade was a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 22.90% of the company’s stock.

Wall Street Analyst Weigh In

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

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.