News articles about Marlin Business Services (NASDAQ:MRLN) have trended somewhat positive on Friday, Accern Sentiment Analysis reports. The research firm rates the sentiment of news coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Marlin Business Services earned a coverage optimism score of 0.10 on Accern’s scale. Accern also assigned news stories about the financial services provider an impact score of 46.2339092438576 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Marlin Business Services traded down $0.10, reaching $30.10, during midday trading on Friday, MarketBeat reports. The company’s stock had a trading volume of 6 shares, compared to its average volume of 13,949. Marlin Business Services has a fifty-two week low of $20.26 and a fifty-two week high of $31.95. The company has a market cap of $373.23 million, a P/E ratio of 20.07 and a beta of 0.89.
Marlin Business Services (NASDAQ:MRLN) last released its earnings results on Thursday, May 3rd. The financial services provider reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.10. Marlin Business Services had a return on equity of 11.98% and a net margin of 26.17%. The company had revenue of $23.84 million during the quarter, compared to the consensus estimate of $27.70 million. equities analysts anticipate that Marlin Business Services will post 2.09 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, May 24th. Shareholders of record on Monday, May 14th were issued a $0.14 dividend. The ex-dividend date of this dividend was Friday, May 11th. This represents a $0.56 dividend on an annualized basis and a yield of 1.86%. This is an increase from Marlin Business Services’s previous quarterly dividend of $0.11. Marlin Business Services’s dividend payout ratio (DPR) is 37.33%.
A number of equities research analysts have commented on the company. BidaskClub raised Marlin Business Services from a “hold” rating to a “buy” rating in a report on Saturday, March 24th. Zacks Investment Research downgraded Marlin Business Services from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 11th. Finally, ValuEngine raised Marlin Business Services from a “hold” rating to a “buy” rating in a report on Wednesday, May 9th.
In other news, Director James W. Wert sold 1,000 shares of Marlin Business Services stock in a transaction on Monday, June 4th. The stock was sold at an average price of $30.40, for a total transaction of $30,400.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider James Sherlock sold 1,700 shares of Marlin Business Services stock in a transaction on Tuesday, June 5th. The stock was sold at an average price of $30.12, for a total value of $51,204.00. The disclosure for this sale can be found here. In the last three months, insiders sold 5,700 shares of company stock valued at $169,804. 7.71% of the stock is owned by corporate insiders.
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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