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Marten Transport, Ltd. Buyback

OLI recorded this information on 11/4/2015

Company: Marten Transport, Ltd.
Buyback: MRTN buyback
$Amount Authorized: $40,000,000
Buyback Details: Marten Transport, Ltd. (Nasdaq/GS:MRTN) announced today that its board of directors has approved an increase in its share repurchase program providing for the repurchase of up to $40 million, or approximately 2 million shares, of its common stock. The program will be funded out of existing cash flow and borrowings under the Company's credit facility.

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
Number of ETFs Holding MRTN: 
Total Market Value Held by ETFs: 
Total Market Capitalization: 
% of Market Cap. Held by ETFs: 

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Buy (3.00 out of 4)
20th percentile
(ranked lower than approx. 80% of all stocks covered)

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