Marlin Business Services Corp. (MRLN) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Marlin Business Services Corp. (NASDAQ:MRLN) have earned a consensus broker rating score of 3.00 (Hold) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation.

Zacks has also given Marlin Business Services an industry rank of 98 out of 256 based on the ratings given to related companies.

Several analysts have weighed in on the company. BidaskClub raised Marlin Business Services from a “hold” rating to a “buy” rating in a research note on Wednesday, May 29th. Zacks Investment Research raised Marlin Business Services from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a research report on Thursday, February 7th. Finally, ValuEngine raised Marlin Business Services from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 18th.

In other Marlin Business Services news, General Counsel Edward Ralph Jr. Dietz sold 2,419 shares of the business’s stock in a transaction dated Thursday, May 30th. The stock was sold at an average price of $23.44, for a total value of $56,701.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 7.71% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently modified their holdings of MRLN. Vanguard Group Inc. increased its stake in Marlin Business Services by 5.8% during the third quarter. Vanguard Group Inc. now owns 423,347 shares of the financial services provider’s stock valued at $12,214,000 after acquiring an additional 23,343 shares during the period. Vanguard Group Inc grew its stake in shares of Marlin Business Services by 5.8% in the 3rd quarter. Vanguard Group Inc now owns 423,347 shares of the financial services provider’s stock valued at $12,214,000 after purchasing an additional 23,343 shares during the period. Bank of Montreal Can grew its stake in shares of Marlin Business Services by 438.4% in the 4th quarter. Bank of Montreal Can now owns 2,412 shares of the financial services provider’s stock valued at $55,000 after purchasing an additional 1,964 shares during the period. Rhumbline Advisers grew its stake in shares of Marlin Business Services by 38.7% in the 4th quarter. Rhumbline Advisers now owns 13,860 shares of the financial services provider’s stock valued at $309,000 after purchasing an additional 3,865 shares during the period. Finally, Monarch Partners Asset Management LLC grew its stake in shares of Marlin Business Services by 18.9% in the 4th quarter. Monarch Partners Asset Management LLC now owns 29,915 shares of the financial services provider’s stock valued at $668,000 after purchasing an additional 4,745 shares during the period. Hedge funds and other institutional investors own 84.61% of the company’s stock.

Shares of NASDAQ MRLN opened at $22.91 on Friday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.19 and a current ratio of 0.19. The company has a market capitalization of $274.02 million, a P/E ratio of 11.23 and a beta of 0.88. Marlin Business Services has a 12-month low of $17.51 and a 12-month high of $31.60.

Marlin Business Services (NASDAQ:MRLN) last announced its earnings results on Thursday, May 2nd. The financial services provider reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.06). The business had revenue of $23.96 million for the quarter, compared to the consensus estimate of $24.10 million. Marlin Business Services had a net margin of 17.77% and a return on equity of 12.33%. On average, research analysts forecast that Marlin Business Services will post 2.31 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, May 23rd. Shareholders of record on Monday, May 13th were given a $0.14 dividend. The ex-dividend date was Friday, May 10th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.44%. This is a boost from Marlin Business Services’s previous quarterly dividend of $0.11. Marlin Business Services’s payout ratio is currently 27.45%.

Marlin Business Services Company Profile

Marlin Business Services Corp. provides credit products and services to small and mid-sized businesses in the United States. The company's products and services include loans and leases for the acquisition of commercial equipment and working capital loans. It offers lease finance to approximately 100 categories of equipment.

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