On October 30, 2024, Jerry Bauer, Director at Marten Transport Ltd (MRTN, Financial), purchased 10,000 shares of the company, as reported in a recent SEC Filing. Following this transaction, the insider now owns a total of 156,444 shares of Marten Transport Ltd.
Marten Transport Ltd is a premier supplier of time and temperature-sensitive transportation services. The company focuses on providing protective service for sensitive cargo, ensuring high standards of quality control and customer service.
The shares were bought at a price of $15.81 each, valuing the transaction at $158,100. This acquisition has increased the insider's stake in the company significantly.
Over the past year, there has been a total of 1 insider buy and 2 insider sells at Marten Transport Ltd. The recent purchase by Jerry Bauer marks a notable increase in insider ownership.
The stock's market cap stands at $1.26 billion, with a price-earnings ratio of 36.86, which is above both the industry median and the company's historical median.
According to the GF Value, the intrinsic value of Marten Transport Ltd is estimated at $16.61 per share, making the stock Fairly Valued with a price-to-GF-Value ratio of 0.95.
This insider purchase could signal a positive outlook from the insider on the company's future performance, aligning with the GF Value assessment of the stock's valuation.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
