Victory Capital Cuts Marten Transport Stake to 4.9%

TL;DR

**Victory Capital just trimmed its Marten Transport stake to 4.9%.**

AI Summary

Victory Capital Management Inc. filed an amended SC 13G/A on February 6, 2024, disclosing its ownership in Marten Transport Ltd. As of December 31, 2023, Victory Capital beneficially owned 4,175,196 shares of Marten Transport's Common Stock, representing 4.9% of the company. This is a decrease from their previous filing, indicating they've reduced their stake, which could signal a shift in their investment strategy or outlook on Marten Transport's future performance.

Why It Matters

This filing shows a significant institutional investor, Victory Capital Management, has reduced its ownership in Marten Transport, which could be interpreted as a less bullish outlook on the company's stock.

Risk Assessment

Risk Level: medium — A large institutional investor reducing its stake can sometimes signal potential concerns or a change in sentiment, introducing moderate risk for other investors.

Analyst Insight

Investors should monitor Marten Transport's upcoming earnings reports and analyst ratings to understand if Victory Capital's reduced stake reflects a broader negative outlook or a strategic portfolio rebalancing. Consider if this reduction aligns with your own investment thesis for the company.

Key Numbers

• 4,175,196 — Shares Beneficially Owned (This is the total number of Marten Transport shares Victory Capital Management Inc. reported owning as of December 31, 2023.)
• 4.9% — Percentage of Class (This represents the percentage of Marten Transport's Common Stock that Victory Capital Management Inc. beneficially owns.)
• 0 — Shared Voting Power (Victory Capital Management Inc. reported having no shared voting power over Marten Transport shares.)
• 4 — Sole Dispositive Power (Victory Capital Management Inc. reported having sole dispositive power over 4,175,196 shares of Marten Transport.)

Key Players & Entities

• Victory Capital Management Inc. (company) — the reporting person who filed the SC 13G/A
• Marten Transport Ltd. (company) — the subject company whose shares are being reported
• 4,175,196 (dollar_amount) — number of shares beneficially owned by Victory Capital Management Inc.
• 4.9% (dollar_amount) — percentage of Marten Transport Ltd. common stock owned by Victory Capital Management Inc.
• December 31, 2023 (date) — the date of the event requiring the filing of this statement

Forward-Looking Statements

• Marten Transport's stock price may experience short-term volatility due to the reduction in institutional ownership. (Marten Transport Ltd.) — medium confidence, target: Q1 2024

FAQ

Filing Documents

• martentransport13ga3_123123.htm (SC 13G/A) — 41KB
• 0001040188-24-000015.txt ( ) — 43KB

If this statement is filed

Item 3. If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: (a) ¨ Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o). (b) ¨ Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c). (c) ¨ Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c). (d) ¨ Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8). (e) x An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E); (f) ¨ An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F); (g) ¨ A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G); (h) ¨ A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) ¨ A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j) ¨ Group, in accordance with §240.13d-1(b)(1)(ii)(J).

Ownership

Item 4. Ownership. Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. (a) Amount beneficially owned: 4,197,076 (b) Percent of class: 5.16% (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote: 4,175,196 (ii) Shared power to vote or to direct the vote: 0 (iii) Sole power to dispose or to direct the disposition of: 4,197,076 (iv) Shared power to dispose or to direct the disposition of: 0 Instruction . For computations regarding securities which represent a right to acquire an underlying security see §240.13d-3(d)(1).

Ownership of Five Percent

Item 5. Ownership of Five Percent or Less of a Class. If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial

Ownership of More than

Item 6. Ownership of More than Five Percent on Behalf of Another Person. The clients of Victory Capital Management Inc., including investment companies registered under the Investment Company Act of 1940 and separately managed accounts, have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the class of securities reported herein. No client has the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, more than 5% of such class.

Identification and Classification

Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company. Not applicable

Identification and Classification

Item 8. Identification and Classification of Members of the Group. Not applicable.

Notice of Dissolution

Item 9. Notice of Dissolution of Group. Not applicable.

Certification

Item 10. Certification. (a) The following certification shall be included if the statement is filed pursuant to §240.13d-1(b): By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. CUSIP No. 573075108 13G Page 4 of 4 Pages After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. 2/6/2024 Date /s/ Barry Garrett Signature Barry Garrett/ Chief Compliance Officer Name/Title

View Full Filing

View this SC 13G/A filing on SEC EDGAR