Marlin Business Services (MRLN) Upgraded to “Hold” at BidaskClub

BidaskClub upgraded shares of Marlin Business Services (NASDAQ:MRLN) from a sell rating to a hold rating in a research note released on Wednesday, May 8th, BidAskClub reports.

Other analysts also recently issued reports about the company. ValuEngine downgraded Marlin Business Services from a sell rating to a strong sell rating in a research report on Wednesday, March 27th. Zacks Investment Research upgraded Marlin Business Services from a hold rating to a buy rating and set a $24.00 target price on the stock in a research note on Thursday, February 7th.

Marlin Business Services stock traded down $0.63 during midday trading on Wednesday, hitting $22.30. The stock had a trading volume of 3,620 shares, compared to its average volume of 16,196. Marlin Business Services has a 52-week low of $17.51 and a 52-week high of $31.60. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 0.69. The firm has a market capitalization of $275.38 million, a price-to-earnings ratio of 10.93 and a beta of 1.02.

Marlin Business Services (NASDAQ:MRLN) last posted 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). The business had revenue of $23.96 million during the quarter, compared to the consensus estimate of $24.10 million. Marlin Business Services had a return on equity of 12.33% and a net margin of 17.77%. On average, analysts predict that Marlin Business Services will post 2.31 EPS for the current year.

The business also recently disclosed 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 was Friday, May 10th. This represents a $0.56 dividend on an annualized basis and a yield of 2.51%. This is an increase from Marlin Business Services’s previous quarterly dividend of $0.11. Marlin Business Services’s dividend payout ratio (DPR) is presently 27.45%.

A number of hedge funds have recently modified their holdings of the stock. BlackRock Inc. boosted its position in Marlin Business Services by 1.5% during the fourth quarter. BlackRock Inc. now owns 654,569 shares of the financial services provider’s stock valued at $14,617,000 after purchasing an additional 9,567 shares in the last quarter. Wellington Management Group LLP boosted its holdings in Marlin Business Services by 19.4% in the first quarter. Wellington Management Group LLP now owns 525,656 shares of the financial services provider’s stock worth $11,302,000 after acquiring an additional 85,264 shares in the last quarter. Vanguard Group Inc boosted its holdings in Marlin Business Services by 5.8% in the third quarter. Vanguard Group Inc now owns 423,347 shares of the financial services provider’s stock worth $12,214,000 after acquiring an additional 23,343 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Marlin Business Services by 5.8% in the third quarter. Vanguard Group Inc. now owns 423,347 shares of the financial services provider’s stock worth $12,214,000 after acquiring an additional 23,343 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its holdings in Marlin Business Services by 4.2% in the first quarter. Renaissance Technologies LLC now owns 325,800 shares of the financial services provider’s stock worth $7,005,000 after acquiring an additional 13,100 shares in the last quarter. 84.61% of the stock is currently owned by institutional investors.

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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