GSA Capital Partners LLP Has $855,000 Stake in Marten Transport, Ltd. (NASDAQ:MRTN)

GSA Capital Partners LLP reduced its holdings in Marten Transport, Ltd. (NASDAQ:MRTN) by 34.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 48,323 shares of the transportation company’s stock after selling 25,085 shares during the period. GSA Capital Partners LLP’s holdings in Marten Transport were worth $855,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Canada Pension Plan Investment Board bought a new stake in shares of Marten Transport during the 2nd quarter valued at $28,000. CWM LLC grew its stake in shares of Marten Transport by 88.8% during the second quarter. CWM LLC now owns 3,319 shares of the transportation company’s stock worth $61,000 after purchasing an additional 1,561 shares during the period. Nisa Investment Advisors LLC grew its stake in shares of 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 purchasing an additional 1,289 shares during the period. ProShare Advisors LLC increased its holdings 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 purchasing an additional 807 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. acquired a new position in Marten Transport in the third quarter valued at about $263,000. 69.12% of the stock is owned by institutional investors.

Insider Activity at Marten Transport

In other news, Director Jerry M. Bauer purchased 10,000 shares of the business’s stock in a transaction dated Wednesday, October 30th. The shares were bought at an average cost of $15.81 per share, for a total transaction of $158,100.00. Following the completion of the acquisition, the director now directly owns 156,444 shares in the company, valued at approximately $2,473,379.64. This trade represents a 6.83 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 22.90% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

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

Marten Transport Price Performance

NASDAQ MRTN opened at $16.88 on Friday. Marten Transport, Ltd. has a one year low of $15.33 and a one year high of $21.38. The firm has a market cap of $1.37 billion, a P/E ratio of 40.19 and a beta of 0.79. The stock’s 50-day moving average is $16.87 and its 200-day moving average is $17.40.

Marten Transport (NASDAQ:MRTN) last announced its earnings results on Thursday, October 17th. The transportation company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.02). The company had revenue of $237.37 million for the quarter, compared to analyst estimates of $244.00 million. Marten Transport had a return on equity of 4.41% and a net margin of 3.36%. Equities analysts anticipate that Marten Transport, Ltd. will post 0.32 EPS for the current year.

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.