Today: California Public Employees Retirement System reached $1,042,000 position of Marlin Business Services Corp. (MRLN)

Today: California Public Employees Retirement System reached $1,042,000 position  of Marlin Business Services Corp. (MRLN)

California Public Employees Retirement System maintained its stake in Marlin Business Services Corp. (NASDAQ:MRLN) during the second quarter, Holdings Channel reports. The institutional investor owned 63,900 shares of the financial services provider’s stock at the end of the second quarter. California Public Employees Retirement System owned approximately 0.51% of Marlin Business Services Corp. worth $1,042,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in MRLN. Emerald Acquisition Ltd. purchased a new position in Marlin Business Services Corp. during the second quarter valued at about $265,000. Chicago Equity Partners LLC purchased a new position in Marlin Business Services Corp. during the second quarter valued at about $268,000. Spark Investment Management LLC purchased a new position in Marlin Business Services Corp. during the first quarter valued at about $329,000. JPMorgan Chase & Co. increased its position in Marlin Business Services Corp. by 4.2% in the first quarter. JPMorgan Chase & Co. now owns 60,614 shares of the financial services provider’s stock valued at $867,000 after buying an additional 2,465 shares during the period. Finally, Bank of New York Mellon Corp increased its position in Marlin Business Services Corp. by 4.4% in the second quarter. Bank of New York Mellon Corp now owns 65,210 shares of the financial services provider’s stock valued at $1,063,000 after buying an additional 2,722 shares during the period. 72.76% of the stock is owned by institutional investors.

Shares of Marlin Business Services Corp. (NASDAQ:MRLN) traded up 1.0714% on Monday, reaching $19.6685. 1,464 shares of the company traded hands. Marlin Business Services Corp. has a 52-week low of $13.46 and a 52-week high of $19.92. The company has a market capitalization of $238.87 million, a PE ratio of 15.6099 and a beta of 1.15. The firm has a 50-day moving average of $18.89 and a 200-day moving average of $16.68.

Marlin Business Services Corp. (NASDAQ:MRLN) last released its quarterly earnings results on Thursday, July 28th. The financial services provider reported $0.36 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.33 by $0.03. Marlin Business Services Corp. had a return on equity of 11.72% and a net margin of 17.07%. On average, equities research analysts forecast that Marlin Business Services Corp. will post $1.38 earnings per share for the current fiscal year.

Several research analysts have recently issued reports on MRLN shares. Zacks Investment Research downgraded Marlin Business Services Corp. from a “buy” rating to a “hold” rating in a research note on Tuesday, October 4th. TheStreet raised Marlin Business Services Corp. from a “hold” rating to a “buy” rating in a research note on Wednesday, August 17th.

In related news, insider Edward John Siciliano sold 8,160 shares of the firm’s stock in a transaction dated Wednesday, September 7th. The stock was sold at an average price of $19.07, for a total transaction of $155,611.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider James Sherlock sold 2,221 shares of the firm’s stock in a transaction dated Monday, September 12th. The shares were sold at an average price of $18.84, for a total value of $41,843.64. The disclosure for this sale can be found here. 10.71% of the stock is owned by insiders.

Marlin Business Services Corp. Company Profile

Marlin Business Services Corp. is a provider of equipment financing solutions primarily to small and mid-sized businesses. The Company finances over 100 categories of common-use commercial equipment, including copiers, computers and software, security systems, telecommunications equipment, and certain commercial and industrial equipment.

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