Marlin Business Services Corp. (NASDAQ:MRLN) Director James W. Wert sold 1,000 shares of the stock in a transaction that occurred on Friday, May 18th. The shares were sold at an average price of $29.10, for a total transaction of $29,100.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
James W. Wert also recently made the following trade(s):
- On Tuesday, May 22nd, James W. Wert sold 2,000 shares of Marlin Business Services stock. The shares were sold at an average price of $29.55, for a total transaction of $59,100.00.
Shares of NASDAQ:MRLN opened at $30.00 on Wednesday. Marlin Business Services Corp. has a 52 week low of $20.26 and a 52 week high of $31.95. The company has a market capitalization of $368.88 million, a price-to-earnings ratio of 20.00 and a beta of 0.86.
Marlin Business Services (NASDAQ:MRLN) last issued its earnings results on Thursday, May 3rd. The financial services provider reported $0.50 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.40 by $0.10. Marlin Business Services had a net margin of 26.17% and a return on equity of 11.98%. The firm had revenue of $23.84 million during the quarter, compared to the consensus estimate of $27.70 million. equities research analysts forecast that Marlin Business Services Corp. will post 2.05 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, May 24th. Shareholders of record on Monday, May 14th will be paid a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 1.87%. The ex-dividend date of this dividend is Friday, May 11th. This is an increase from Marlin Business Services’s previous quarterly dividend of $0.11. Marlin Business Services’s dividend payout ratio is presently 37.33%.
Large investors have recently modified their holdings of the business. MetLife Investment Advisors LLC bought a new stake in Marlin Business Services in the first quarter valued at approximately $124,000. Bessemer Group Inc. bought a new stake in Marlin Business Services in the fourth quarter valued at approximately $130,000. SG Americas Securities LLC bought a new stake in Marlin Business Services in the fourth quarter valued at approximately $159,000. Tower Research Capital LLC TRC increased its stake in Marlin Business Services by 361.5% in the fourth quarter. Tower Research Capital LLC TRC now owns 7,799 shares of the financial services provider’s stock valued at $175,000 after purchasing an additional 6,109 shares in the last quarter. Finally, Wells Fargo & Company MN increased its stake in Marlin Business Services by 61.8% in the third quarter. Wells Fargo & Company MN now owns 9,214 shares of the financial services provider’s stock valued at $265,000 after purchasing an additional 3,521 shares in the last quarter. 82.77% of the stock is owned by hedge funds and other institutional investors.
Several brokerages recently weighed in on MRLN. Zacks Investment Research lowered shares of Marlin Business Services from a “buy” rating to a “hold” rating in a report on Thursday, May 10th. ValuEngine upgraded shares of Marlin Business Services from a “hold” rating to a “buy” rating in a report on Wednesday, May 9th. Finally, BidaskClub downgraded shares of Marlin Business Services from a “buy” rating to a “hold” rating in a research note on Wednesday, April 18th.
Marlin Business Services Company Profile
Marlin Business Services Corp., through its subsidiaries, provides equipment financing solutions to small and mid-sized businesses in the United States. It finances approximately 100 categories of equipment, including commercial and industrial, restaurant, auto, medical, VOIP, and printing equipment, as well as computer software, copiers, cash registers, dental implant systems, and other commercial equipment.
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