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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
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Strong Buy (4.00 out of 4)
85th percentile
(ranked higher than approx. 85% of all stocks covered)

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