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Is Marten Transport, Ltd (MRTN) a Good Stock to Buy?

Now that we’ve mentioned the most bullish investors, let’s also take a look at some funds that cut their entire stakes in the stock during the third quarter. At the top of the heap, Alexander Mitchell’s Scopus Asset Management cut the biggest position of the “upper crust” of funds monitored by Insider Monkey, comprising close to $3.7 million in stock, and Ken Grossman and Glen Schneider’s SG Capital Management was right behind this move, as the fund sold off about $0.9 million worth of shares.

Let’s now review hedge fund activity in other stocks – not necessarily in the same industry as Marten Transport, Ltd (NASDAQ:MRTN) but similarly valued. We will take a look at Mistras Group, Inc. (NYSE:MG), CommerceHub Inc (NASDAQ:CHUBK), TrustCo Bank Corp NY (NASDAQ:TRST), and Flushing Financial Corporation (NASDAQ:FFIC). This group of stocks’ market values resemble MRTN’s market value.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
MG 13 44954 1
CHUBK 22 139171 22
TRST 11 75047 0
FFIC 10 42509 3

As you can see these stocks had an average of 14 hedge funds with bullish positions and the average amount invested in these stocks was $75 million. That figure was $23 million in MRTN’s case. CommerceHub Inc (NASDAQ:CHUBK) is the most popular stock in this table. On the other hand Flushing Financial Corporation (NASDAQ:FFIC) is the least popular one with only 10 bullish hedge fund positions. Marten Transport, Ltd (NASDAQ:MRTN) is not the least popular stock in this group but hedge fund interest is still below average. This is a slightly negative signal and we’d rather spend our time researching stocks that hedge funds are piling on. In this regard CHUBK might be a better candidate to consider taking a long position in.

Disclosure: None