Marten Transport, Ltd. Buyback
OLI recorded this information on 5/4/2022
Company: |
Marten Transport, Ltd. |
Buyback: |
MRTN buyback |
$Amount Authorized: |
$50,000,000 |
Buyback Details: |
Marten Transport, Ltd. (Nasdaq/GS:MRTN) announced today that its Board of Directors has declared a regular quarterly cash dividend of $0.06 per share of common stock, and has also approved an increase from current availability in Marten's share repurchase program to $50 million, or approximately 3.1 million shares, of its common stock. Marten repurchased and retired 1.3 million shares of its common stock for $25 million during the first quarter of 2022. |
Marten Transport is a temperature-sensitive truckload carrier focusing on transporting and distributing food and other consumer packaged goods that require a temperature-controlled or insulated environment. Co. has four reporting segments: Truckload, which provides a combination of regional short-haul and medium-to-long-haul full-load transportation services; Dedicated, which provides customized transportation solutions; Intermodal, which transports its customers' freight utilizing its temperature-controlled trailers and refrigerated containers on railroad flatcars; and Brokerage, which develops contractual relationships with and arranges for third-party carriers to transport freight.
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Company Name: |
Marten Transport Ltd |
Stock buyback: |
MRTN buyback |
Website: |
www.marten.com |
Sector: |
Trucking |
Number of ETFs Holding MRTN: |
53 |
Total Market Value Held by ETFs: |
$195.88M |
Total Market Capitalization: |
$1.35B |
% of Market Cap. Held by ETFs: |
14.49% |
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April 26, 2024 7:07 PM Eastern
Strong Buy (4.00 out of 4)
85th percentile
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