Marlin Business Services Corp. (NASDAQ:MRLN) SVP James Sherlock sold 2,231 shares of the business’s stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $23.00, for a total value of $51,313.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.
NASDAQ MRLN opened at $23.49 on Thursday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.19 and a current ratio of 0.19. Marlin Business Services Corp. has a twelve month low of $17.51 and a twelve month high of $31.60. The company has a market cap of $285.76 million, a P/E ratio of 11.51 and a beta of 0.88.
Marlin Business Services (NASDAQ:MRLN) last released its quarterly earnings results on Thursday, May 2nd. The financial services provider reported $0.40 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.46 by ($0.06). Marlin Business Services had a net margin of 17.77% and a return on equity of 12.33%. The firm had revenue of $23.96 million for the quarter, compared to the consensus estimate of $24.10 million. Research analysts predict that Marlin Business Services Corp. will post 2.31 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, May 23rd. Investors of record on Monday, May 13th were given a dividend of $0.14 per share. The ex-dividend date of this dividend was Friday, May 10th. This is a positive change from Marlin Business Services’s previous quarterly dividend of $0.11. This represents a $0.56 annualized dividend and a dividend yield of 2.38%. Marlin Business Services’s payout ratio is currently 27.45%.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Northern Trust Corp boosted its holdings in Marlin Business Services by 0.7% in the first quarter. Northern Trust Corp now owns 152,501 shares of the financial services provider’s stock worth $3,279,000 after acquiring an additional 1,065 shares in the last quarter. BNP Paribas Arbitrage SA boosted its holdings in Marlin Business Services by 919.7% in the first quarter. BNP Paribas Arbitrage SA now owns 1,815 shares of the financial services provider’s stock worth $39,000 after acquiring an additional 1,637 shares in the last quarter. Hancock Whitney Corp boosted its holdings in Marlin Business Services by 19.0% in the first quarter. Hancock Whitney Corp now owns 11,256 shares of the financial services provider’s stock worth $242,000 after acquiring an additional 1,800 shares in the last quarter. Bank of Montreal Can boosted its holdings in Marlin Business Services by 438.4% in the fourth quarter. Bank of Montreal Can now owns 2,412 shares of the financial services provider’s stock worth $55,000 after acquiring an additional 1,964 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in Marlin Business Services by 1.7% in the first quarter. Geode Capital Management LLC now owns 147,841 shares of the financial services provider’s stock worth $3,178,000 after acquiring an additional 2,515 shares in the last quarter. Institutional investors own 84.61% of the company’s stock.
Several equities analysts have recently issued reports on MRLN shares. ValuEngine cut Marlin Business Services from a “sell” rating to a “strong sell” rating in a research note on Wednesday, March 27th. BidaskClub cut Marlin Business Services from a “buy” rating to a “hold” rating in a research note on Monday.
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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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