Marten Transport Ltd (MRTN): John H Turner , Sr. Vice President of Sales of Marten Transport Ltd sold 2,400 shares on May 24, 2016. The Insider selling transaction was reported by the company on May 26, 2016 to the Securities and Exchange Commission. The shares were sold at $19.40 per share for a total value of $46,560.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on May 25, 2016, Randolph L Marten (director officer 10% owner (Chairman of the Board) sold 40,000 shares at $19.26 per share price.On Mar 15, 2016, Thomas J Winkel (director) sold 3,250 shares at $17.97 per share price.Also, On Feb 8, 2016, Timothy P Nash (Ex. VP of Sales and Marketing) sold 22,500 shares at $17.61 per share price.On Feb 8, 2016, James J Hinnendael (Ex. VP and CFO) sold 18,000 shares at $17.70 per share price.
Marten Transport Ltd: On Wednesday, May 25, 2016 heightened volatility was witnessed in Marten Transport Ltd which led to swings in the share price. The shares opened for trading at $19.5 and hit $19.89 on the upside , eventually ending the session at $19.81, with a gain of 1.69% or 0.33 points. The heightened volatility saw the trading volume jump to 1,16,534 shares. The 52-week high of the share price is $23.84 and the company has a market cap of $642 M . The 52-week low of the share price is at $14.62.
On May 10, 2016, Marten Transport Ltd announced a cash dividend of $0.0250. The company’s management has announced Jun 10, 2016 as the ex-dividend date and fixed the record date on Jun 14, 2016. The payable date has been fixed on Jun 28, 2016.
Company has been under the radar of several Street Analysts.Marten Transport Ltd is Downgraded by Stifel to Hold. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Apr 7, 2016.
Marten Transport Ltd. is a temperature-sensitive truckload carrier. The Company is engaged in transporting and distributing food and other consumer packaged goods that require a temperature-controlled or insulated environment. It operates throughout the United States and in parts of Canada and Mexico. The Company’s medium-to-long-haul traffic lanes are between the Midwest and the West Coast Southwest Southeast and the East Coast as well as from California to the Pacific Northwest. It provides regional truckload carrier services in the Southeast West Coast Midwest South Central and Northeast regions. The Company operates through four segments: Truckload offers a combination of regional short-haul and medium-to-long-haul full-load transportation services; Dedicated provides transportation solutions including temperature-controlled trailers and other specialized equipment; Intermodal transports freight and Brokerage arranges for third-party carriers to transport freight.