Dalton Greiner Hartman Maher & Co. Trims Position in Marlin Business Services Corp. (MRLN)

Dalton Greiner Hartman Maher & Co. cut its stake in Marlin Business Services Corp. (NASDAQ:MRLN) by 64.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 35,425 shares of the financial services provider’s stock after selling 63,656 shares during the period. Dalton Greiner Hartman Maher & Co. owned about 0.28% of Marlin Business Services worth $794,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Wells Fargo & Company MN lifted its position in Marlin Business Services by 3.6% in the second quarter. Wells Fargo & Company MN now owns 5,693 shares of the financial services provider’s stock valued at $143,000 after acquiring an additional 200 shares during the last quarter. Cornerstone Capital Management Holdings LLC. lifted its position in Marlin Business Services by 168.0% in the second quarter. Cornerstone Capital Management Holdings LLC. now owns 6,222 shares of the financial services provider’s stock valued at $156,000 after acquiring an additional 3,900 shares during the last quarter. First Trust Advisors LP purchased a new stake in Marlin Business Services in the third quarter valued at $205,000. The Manufacturers Life Insurance Company lifted its position in Marlin Business Services by 14.7% in the second quarter. The Manufacturers Life Insurance Company now owns 8,463 shares of the financial services provider’s stock valued at $213,000 after acquiring an additional 1,086 shares during the last quarter. Finally, New York State Common Retirement Fund lifted its position in Marlin Business Services by 4.5% in the second quarter. New York State Common Retirement Fund now owns 14,520 shares of the financial services provider’s stock valued at $365,000 after acquiring an additional 619 shares during the last quarter. 80.28% of the stock is owned by hedge funds and other institutional investors.

Shares of Marlin Business Services Corp. (NASDAQ MRLN) opened at $23.60 on Friday. Marlin Business Services Corp. has a 1-year low of $20.10 and a 1-year high of $29.95. The company has a market cap of $298.96, a PE ratio of 16.95 and a beta of 1.23.

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

A number of equities research analysts recently weighed in on MRLN shares. Zacks Investment Research cut shares of Marlin Business Services from a “buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. BidaskClub cut shares of Marlin Business Services from a “sell” rating to a “strong sell” rating in a research report on Thursday, December 21st. Finally, Keefe, Bruyette & Woods reissued a “buy” rating and issued a $29.00 price target on shares of Marlin Business Services in a research report on Friday, December 22nd. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the stock. Marlin Business Services currently has an average rating of “Hold” and an average price target of $29.33.

TRADEMARK VIOLATION NOTICE: “Dalton Greiner Hartman Maher & Co. Trims Position in Marlin Business Services Corp. (MRLN)” was originally reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this news story on another site, it was copied illegally and republished in violation of international trademark & copyright laws. The legal version of this news story can be read at https://www.dispatchtribunal.com/2018/01/13/dalton-greiner-hartman-maher-co-trims-position-in-marlin-business-services-corp-mrln.html.

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.

Want to see what other hedge funds are holding MRLN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Marlin Business Services Corp. (NASDAQ:MRLN).

Institutional Ownership by Quarter for Marlin Business Services (NASDAQ:MRLN)

Receive News & Ratings for Marlin Business Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marlin Business Services and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply