Marlin Business Services Corp. (MRLN) General Counsel Edward Ralph Jr. Dietz Sells 3,000 Shares

Marlin Business Services Corp. (NASDAQ:MRLN) General Counsel Edward Ralph Jr. Dietz sold 3,000 shares of the stock in a transaction dated Wednesday, March 14th. The stock was sold at an average price of $27.23, for a total transaction of $81,690.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

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  • On Monday, March 12th, Edward Ralph Jr. Dietz sold 1,010 shares of Marlin Business Services stock. The stock was sold at an average price of $27.18, for a total transaction of $27,451.80.

Shares of NASDAQ MRLN traded down $0.30 during midday trading on Friday, hitting $28.45. The company’s stock had a trading volume of 12,187 shares, compared to its average volume of 26,317. Marlin Business Services Corp. has a 1 year low of $20.26 and a 1 year high of $29.95. The firm has a market cap of $353.75, a price-to-earnings ratio of 18.97 and a beta of 0.86.

Marlin Business Services (NASDAQ:MRLN) last posted its quarterly earnings data on Thursday, February 1st. The financial services provider reported $0.47 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.31 by $0.16. Marlin Business Services had a net margin of 22.74% and a return on equity of 11.22%. The business had revenue of $23.58 million during the quarter, compared to analyst estimates of $24.00 million. analysts forecast that Marlin Business Services Corp. will post 2.03 EPS for the current fiscal year.

MRLN has been the subject of several research analyst reports. BidaskClub raised shares of Marlin Business Services from a “sell” rating to a “hold” rating in a research note on Saturday, February 3rd. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $29.00 price objective on shares of Marlin Business Services in a research note on Friday, December 22nd. ValuEngine lowered shares of Marlin Business Services from a “buy” rating to a “hold” rating in a research note on Tuesday, February 13th. Finally, Zacks Investment Research raised shares of Marlin Business Services from a “hold” rating to a “strong-buy” rating and set a $30.00 price objective for the company in a research note on Wednesday, February 14th.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Wells Fargo & Company MN boosted its stake in shares of 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 purchasing an additional 200 shares during the period. New York State Common Retirement Fund raised its holdings 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 in the last quarter. The Manufacturers Life Insurance Company raised its holdings 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 in the last quarter. Teachers Advisors LLC raised its holdings in Marlin Business Services by 10.0% in the second quarter. Teachers Advisors LLC now owns 14,973 shares of the financial services provider’s stock valued at $377,000 after acquiring an additional 1,356 shares in the last quarter. Finally, Nationwide Fund Advisors raised its holdings in Marlin Business Services by 10.9% in the third quarter. Nationwide Fund Advisors now owns 23,116 shares of the financial services provider’s stock valued at $665,000 after acquiring an additional 2,271 shares in the last quarter. 81.67% of the stock is owned by institutional investors and hedge funds.

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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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