Marlin Business Services (MRLN) Lowered to “Sell” at BidaskClub

BidaskClub cut shares of Marlin Business Services (NASDAQ:MRLN) from a hold rating to a sell rating in a report published on Thursday morning.

Separately, Zacks Investment Research cut Marlin Business Services from a buy rating to a hold rating in a research note on Tuesday, October 3rd.

Marlin Business Services (NASDAQ:MRLN) opened at $22.20 on Thursday. The company has a market capitalization of $277.70, a P/E ratio of 15.74 and a beta of 1.22. Marlin Business Services has a 12 month low of $19.75 and a 12 month high of $29.95.

Marlin Business Services (NASDAQ:MRLN) last announced its quarterly earnings results on Thursday, October 26th. The financial services provider reported $0.31 EPS for the quarter, missing the Zacks’ consensus estimate of $0.42 by ($0.11). The company had revenue of $23.14 million during the quarter, compared to analysts’ expectations of $23.60 million. Marlin Business Services had a return on equity of 10.84% and a net margin of 13.40%.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 16th. Stockholders of record on Monday, November 6th were given a $0.14 dividend. The ex-dividend date of this dividend was Friday, November 3rd. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.52%. Marlin Business Services’s dividend payout ratio is currently 50.00%.

Several hedge funds have recently modified their holdings of MRLN. Kestrel Investment Management Corp bought a new stake in shares of Marlin Business Services in the 3rd quarter worth approximately $3,134,000. Western Standard LLC grew its position in shares of Marlin Business Services by 12.2% in the 2nd quarter. Western Standard LLC now owns 192,790 shares of the financial services provider’s stock worth $4,849,000 after buying an additional 21,034 shares during the last quarter. John W. Rosenthal Capital Management Inc. bought a new stake in shares of Marlin Business Services in the 2nd quarter worth approximately $485,000. Vanguard Group Inc. grew its position in shares of Marlin Business Services by 3.5% in the 1st quarter. Vanguard Group Inc. now owns 344,659 shares of the financial services provider’s stock worth $8,875,000 after buying an additional 11,716 shares during the last quarter. Finally, Spark Investment Management LLC grew its position in shares of Marlin Business Services by 106.4% in the 2nd quarter. Spark Investment Management LLC now owns 22,700 shares of the financial services provider’s stock worth $570,000 after buying an additional 11,700 shares during the last quarter. Hedge funds and other institutional investors own 80.28% of the company’s stock.

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Marlin Business Services Company Profile

Marlin Business Services Corp. is a bank holding company and a financial holding company. The Company is a provider of credit products and services to small businesses. The Company provides products and services to its customers, which include loans and leases for the acquisition of commercial equipment, working capital loans, and insurance products.

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