Marlin Business Services Corp. (NASDAQ:MRLN) General Counsel Sells $56,701.36 in Stock

Marlin Business Services Corp. (NASDAQ:MRLN) General Counsel Edward Ralph Jr. Dietz sold 2,419 shares of the company’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 transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Edward Ralph Jr. Dietz also recently made the following trade(s):

  • On Wednesday, June 5th, Edward Ralph Jr. Dietz sold 100 shares of Marlin Business Services stock. The stock was sold at an average price of $23.36, for a total value of $2,336.00.

Shares of Marlin Business Services stock traded up $1.61 on Friday, hitting $24.93. The stock had a trading volume of 22,843 shares, compared to its average volume of 16,409. Marlin Business Services Corp. 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 cap of $307.86 million, a PE ratio of 12.22 and a beta of 0.88. The business has a 50 day moving average price of $23.07.

Marlin Business Services (NASDAQ:MRLN) last posted its 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 firm had revenue of $23.96 million during the quarter, compared to analysts’ expectations of $24.10 million. Marlin Business Services had a net margin of 17.77% and a return on equity of 12.33%. As a group, research analysts predict that Marlin Business Services Corp. will post 2.31 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. BlackRock Inc. raised its stake in Marlin Business Services by 1.5% during the 4th quarter. BlackRock Inc. now owns 654,569 shares of the financial services provider’s stock valued at $14,617,000 after acquiring an additional 9,567 shares during the last quarter. Vanguard Group Inc raised its stake in Marlin Business Services by 5.8% during the 3rd 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 last quarter. Vanguard Group Inc. raised its stake in Marlin Business Services by 5.8% during the 3rd 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 last quarter. Geode Capital Management LLC raised its stake in Marlin Business Services by 2.4% during the 4th quarter. Geode Capital Management LLC now owns 145,326 shares of the financial services provider’s stock valued at $3,244,000 after acquiring an additional 3,426 shares during the last quarter. Finally, Tieton Capital Management LLC raised its stake in Marlin Business Services by 11.8% during the 1st quarter. Tieton Capital Management LLC now owns 121,921 shares of the financial services provider’s stock valued at $2,621,000 after acquiring an additional 12,905 shares during the last quarter. 84.61% of the stock is owned by hedge funds and other institutional investors.

Several research firms have recently issued reports on MRLN. BidaskClub raised Marlin Business Services from a “hold” rating to a “buy” rating in a research report on Wednesday, May 29th. ValuEngine raised Marlin Business Services from a “strong sell” rating to a “sell” rating in a report 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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