Marlin Business Services Corp. (NASDAQ:MRLN) has earned a consensus broker rating score of 2.50 (Hold) from the two brokers that cover the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold rating and one has issued a buy rating on the company.
Zacks has also given Marlin Business Services an industry rank of 171 out of 255 based on the ratings given to related companies.
MRLN has been the subject of several analyst reports. BidaskClub upgraded Marlin Business Services from a “hold” rating to a “buy” rating in a research note on Friday, July 6th. ValuEngine lowered Marlin Business Services from a “buy” rating to a “hold” rating in a research note on Thursday, August 2nd. Finally, Zacks Investment Research downgraded shares of Marlin Business Services from a “hold” rating to a “strong sell” rating in a report on Thursday, August 9th.
Shares of NASDAQ:MRLN traded up $1.07 during midday trading on Friday, hitting $27.57. The company had a trading volume of 1 shares, compared to its average volume of 13,116. The firm has a market capitalization of $337.22 million, a price-to-earnings ratio of 18.67 and a beta of 0.91. Marlin Business Services has a 12-month low of $21.15 and a 12-month high of $31.95.
Marlin Business Services (NASDAQ:MRLN) last posted its quarterly earnings data on Thursday, August 2nd. The financial services provider reported $0.52 EPS for the quarter, topping the consensus estimate of $0.51 by $0.01. The firm had revenue of $24.13 million during the quarter, compared to analyst estimates of $24.10 million. Marlin Business Services had a return on equity of 12.48% and a net margin of 26.20%. Research analysts anticipate that Marlin Business Services will post 2.02 earnings per share for the current year.
A number of institutional investors have recently modified their holdings of the stock. BlackRock Inc. boosted its holdings in Marlin Business Services by 4.1% in the 2nd quarter. BlackRock Inc. now owns 642,948 shares of the financial services provider’s stock worth $19,192,000 after buying an additional 25,373 shares during the period. Renaissance Technologies LLC boosted its holdings in Marlin Business Services by 14.0% in the 2nd quarter. Renaissance Technologies LLC now owns 319,200 shares of the financial services provider’s stock worth $9,528,000 after buying an additional 39,186 shares during the period. Northern Trust Corp boosted its holdings in Marlin Business Services by 1.9% in the 2nd quarter. Northern Trust Corp now owns 153,532 shares of the financial services provider’s stock worth $4,583,000 after buying an additional 2,873 shares during the period. Emerald Mutual Fund Advisers Trust boosted its holdings in Marlin Business Services by 42.4% in the 2nd quarter. Emerald Mutual Fund Advisers Trust now owns 96,527 shares of the financial services provider’s stock worth $2,881,000 after buying an additional 28,741 shares during the period. Finally, Martingale Asset Management L P boosted its holdings in Marlin Business Services by 24.9% in the 2nd quarter. Martingale Asset Management L P now owns 48,117 shares of the financial services provider’s stock worth $1,437,000 after buying an additional 9,601 shares during the period. 82.79% of the stock is owned by institutional investors.
About Marlin Business Services
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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