Insider Buying: The Marten Transport, Ltd. (NASDAQ:MRTN) Independent Director Just Bought 12% More Shares

By
Simply Wall St
Published
September 23, 2021
NasdaqGS:MRTN
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Investors who take an interest in Marten Transport, Ltd. (NASDAQ:MRTN) should definitely note that the Independent Director, Jerry Bauer, recently paid US$15.07 per share to buy US$226k worth of the stock. That's a very solid buy in our book, and increased their holding by a noteworthy 12%.

View our latest analysis for Marten Transport

The Last 12 Months Of Insider Transactions At Marten Transport

In fact, the recent purchase by Jerry Bauer was the biggest purchase of Marten Transport shares made by an insider individual in the last twelve months, according to our records. That means that an insider was happy to buy shares at around the current price of US$15.64. That means they have been optimistic about the company in the past, though they may have changed their mind. If someone buys shares at well below current prices, it's a good sign on balance, but keep in mind they may no longer see value. In this case we're pleased to report that the insider bought shares at close to current prices. The only individual insider to buy over the last year was Jerry Bauer.

Jerry Bauer purchased 22.07k shares over the year. The average price per share was US$15.13. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

insider-trading-volume
NasdaqGS:MRTN Insider Trading Volume September 23rd 2021

There are always plenty of stocks that insiders are buying. So if that suits your style you could check each stock one by one or you could take a look at this free list of companies. (Hint: insiders have been buying them).

Insider Ownership

Many investors like to check how much of a company is owned by insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Marten Transport insiders own about US$370m worth of shares (which is 29% of the company). I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.

So What Does This Data Suggest About Marten Transport Insiders?

The recent insider purchase is heartening. And the longer term insider transactions also give us confidence. Along with the high insider ownership, this analysis suggests that insiders are quite bullish about Marten Transport. Nice! Of course, the future is what matters most. So if you are interested in Marten Transport, you should check out this free report on analyst forecasts for the company.

But note: Marten Transport may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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