Shares of Marlin Business Services Corp. (NASDAQ:MRLN) have earned an average broker rating score of 2.50 (Hold) from the two analysts that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation and one has assigned a buy recommendation to the company.
Zacks has also assigned Marlin Business Services an industry rank of 98 out of 255 based on the ratings given to its competitors.
MRLN has been the topic of a number of research analyst reports. ValuEngine raised Marlin Business Services from a “hold” rating to a “buy” rating in a report on Monday, July 2nd. Zacks Investment Research cut Marlin Business Services from a “hold” rating to a “strong sell” rating in a report on Thursday, August 9th. Finally, BidaskClub raised Marlin Business Services from a “hold” rating to a “buy” rating in a report on Friday, July 6th.
NASDAQ MRLN traded up $0.15 during trading hours on Monday, reaching $28.10. The company’s stock had a trading volume of 7,300 shares, compared to its average volume of 22,613. Marlin Business Services has a 1 year low of $20.26 and a 1 year high of $31.95. The stock has a market cap of $348.91 million, a PE ratio of 18.63 and a beta of 0.95.
Marlin Business Services (NASDAQ:MRLN) last posted its quarterly earnings results on Thursday, August 2nd. The financial services provider reported $0.52 EPS for the quarter, topping the Zacks’ consensus estimate of $0.51 by $0.01. Marlin Business Services had a return on equity of 12.48% and a net margin of 26.20%. The company had revenue of $24.13 million for the quarter, compared to analysts’ expectations of $24.10 million. sell-side analysts predict that Marlin Business Services will post 2.02 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 23rd. Stockholders of record on Monday, August 13th were issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 1.99%. This is a boost from Marlin Business Services’s previous quarterly dividend of $0.11. The ex-dividend date of this dividend was Friday, August 10th. Marlin Business Services’s dividend payout ratio is 37.33%.
Institutional investors and hedge funds have recently modified their holdings of the company. MetLife Investment Advisors LLC purchased a new stake in shares of Marlin Business Services during the 1st quarter worth approximately $124,000. Signaturefd LLC purchased a new stake in shares of Marlin Business Services during the 2nd quarter worth approximately $140,000. Globeflex Capital L P raised its holdings in shares of Marlin Business Services by 438.5% during the 2nd quarter. Globeflex Capital L P now owns 7,000 shares of the financial services provider’s stock worth $209,000 after acquiring an additional 5,700 shares in the last quarter. Hancock Holding Co. raised its holdings in shares of Marlin Business Services by 26.2% during the 1st quarter. Hancock Holding Co. now owns 11,876 shares of the financial services provider’s stock worth $337,000 after acquiring an additional 2,468 shares in the last quarter. Finally, Bessemer Group Inc. raised its holdings in shares of Marlin Business Services by 19.8% during the 2nd quarter. Bessemer Group Inc. now owns 12,100 shares of the financial services provider’s stock worth $361,000 after acquiring an additional 2,000 shares in the last quarter. 82.81% of the stock is currently owned by institutional investors and hedge funds.
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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