Marlin Business Services Corp. (NASDAQ:MRLN) has been assigned a consensus broker rating score of 3.00 (Hold) from the one brokers that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a hold rating.
Zacks has also given Marlin Business Services Corp. an industry rank of 200 out of 265 based on the ratings given to related companies.
Several equities analysts have recently issued reports on the company. Zacks Investment Research lowered 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 company’s stock in a transaction dated Wednesday, September 7th. The stock was sold at an average price of $19.07, for a total value of $155,611.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Willem Mesdag acquired 25,000 shares of the company’s stock in a transaction that occurred on Friday, September 9th. The stock was bought at an average price of $18.99 per share, with a total value of $474,750.00. The disclosure for this purchase can be found here. 10.71% of the stock is owned by corporate insiders.
Large investors have recently added to or reduced their stakes in the stock. O Shaughnessy Asset Management LLC increased its stake in Marlin Business Services Corp. by 294.2% in the second quarter. O Shaughnessy Asset Management LLC now owns 6,831 shares of the financial services provider’s stock worth $111,000 after buying an additional 5,098 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. acquired a new stake in shares of Marlin Business Services Corp. during the second quarter valued at about $168,000. Alliancebernstein L.P. increased its stake in shares of Marlin Business Services Corp. by 3.5% in the second quarter. Alliancebernstein L.P. now owns 11,700 shares of the financial services provider’s stock valued at $191,000 after buying an additional 400 shares during the period. PNC Financial Services Group Inc. increased its stake in shares of Marlin Business Services Corp. by 99.6% in the second quarter. PNC Financial Services Group Inc. now owns 12,016 shares of the financial services provider’s stock valued at $195,000 after buying an additional 5,995 shares during the period. Finally, Emerald Acquisition Ltd. acquired a new stake in shares of Marlin Business Services Corp. during the second quarter valued at about $265,000. Institutional investors and hedge funds own 72.76% of the company’s stock.
Shares of Marlin Business Services Corp. (NASDAQ:MRLN) traded up 1.08% during midday trading on Monday, reaching $19.67. The company’s stock had a trading volume of 3,551 shares. The company has a market cap of $238.89 million, a price-to-earnings ratio of 15.61 and a beta of 1.15. The stock has a 50-day moving average of $18.89 and a 200 day moving average of $16.68. Marlin Business Services Corp. has a 12 month low of $13.46 and a 12 month high of $19.92.
Marlin Business Services Corp. (NASDAQ:MRLN) last issued its quarterly earnings results on Thursday, July 28th. The financial services provider reported $0.36 earnings per share (EPS) for the quarter, beating the 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, analysts predict that Marlin Business Services Corp. will post $1.38 earnings per share for the current fiscal year.
About Marlin Business Services Corp.
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.