Marlin Business Services (NASDAQ:MRLN) Posts Earnings Results, Meets Expectations

Marlin Business Services (NASDAQ:MRLN) issued its quarterly earnings results on Thursday. The financial services provider reported $0.51 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.51, Bloomberg Earnings reports. The company had revenue of $24.18 million during the quarter, compared to analyst estimates of $25.30 million. Marlin Business Services had a net margin of 17.77% and a return on equity of 12.33%. Marlin Business Services updated its FY 2019 guidance to $2.30-2.40 EPS.

Shares of NASDAQ:MRLN traded up $0.47 during trading on Friday, reaching $23.66. The company had a trading volume of 8,917 shares, compared to its average volume of 11,721. The business’s fifty day moving average is $23.27. The firm has a market cap of $286.37 million, a price-to-earnings ratio of 11.60 and a beta of 0.95. Marlin Business Services has a twelve month low of $17.51 and a twelve month high of $30.60. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.19 and a quick ratio of 0.19.

The business also recently declared a dividend, which will be paid on Thursday, August 22nd. Stockholders of record on Monday, August 12th will be paid a $0.14 dividend. This is a positive change from Marlin Business Services’s previous dividend of $0.11. The ex-dividend date is Friday, August 9th. Marlin Business Services’s dividend payout ratio is currently 27.45%.

In related news, General Counsel Edward Ralph Jr. Dietz sold 2,419 shares of the business’s stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of $23.44, for a total value of $56,701.36. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP James Sherlock sold 2,231 shares of the business’s stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $23.00, for a total transaction of $51,313.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 4,750 shares of company stock valued at $110,350. Company insiders own 6.31% of the company’s stock.

MRLN has been the subject of a number of research analyst reports. BidaskClub lowered shares of Marlin Business Services from a “hold” rating to a “sell” rating in a research note on Tuesday, July 16th. ValuEngine raised shares of Marlin Business Services from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 18th.

About Marlin Business Services

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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Earnings History for Marlin Business Services (NASDAQ:MRLN)

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