Marten Transport, Ltd. $MRTN reported second-quarter 2026 revenue of $223.5 million, down 2.8% from a year earlier and below the $234.8 million estimate. Net income attributable to common shareholders fell 25.7% to $5.3 million, while diluted earnings per share declined to $0.07 versus an estimate of $0.0867.
Profitability showed a mixed picture. Gross profit improved 17.0% to $48.8 million, but operating profit slipped 29.0% to $6.9 million. Cost of sales fell 7.2% to $174.7 million, helping support gross margin even as operating results weakened.
Cash generation remained solid, with operating cash flow of $33.0 million, essentially flat from a year ago. Capital spending dropped sharply to $11.9 million, while cash and cash equivalents rose to $104.0 million and total liabilities declined to $189.5 million.
Note: This financials data is sourced from a third-party provider and has not been independently verified by Quiver.
Marten Transport, Ltd. Hedge Fund Activity
We have seen 112 institutional investors add shares of Marten Transport, Ltd. stock to their portfolio, and 74 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- GENEVA CAPITAL MANAGEMENT LLC removed 1,868,567 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $24,534,284
- NUANCE INVESTMENTS, LLC removed 1,456,920 shares (-23.2%) from their portfolio in Q1 2026, for an estimated $19,129,359
- FMR LLC added 1,108,343 shares (+167.7%) to their portfolio in Q1 2026, for an estimated $14,552,543
- BOSTON PARTNERS added 780,253 shares (+84.9%) to their portfolio in Q1 2026, for an estimated $10,244,721
- TWO SIGMA INVESTMENTS, LP added 567,125 shares (+65.8%) to their portfolio in Q1 2026, for an estimated $7,446,351
- NEXT CENTURY GROWTH INVESTORS LLC added 418,371 shares (+inf%) to their portfolio in Q1 2026, for an estimated $5,493,211
- 4D ADVISORS, LLC added 350,000 shares (+inf%) to their portfolio in Q1 2026, for an estimated $4,595,500
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
