Marlin Business Services (NASDAQ:MRLN) released its quarterly earnings results on Thursday. The financial services provider reported $0.51 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.51, Bloomberg Earnings reports. The business had revenue of $24.18 million during the quarter, compared to the consensus estimate of $25.30 million. Marlin Business Services had a return on equity of 12.33% and a net margin of 17.77%. Marlin Business Services updated its FY 2019 guidance to $2.30-2.40 EPS.
Marlin Business Services stock traded up $0.47 during midday trading on Friday, reaching $23.66. 8,917 shares of the company were exchanged, compared to its average volume of 11,721. The firm has a market capitalization of $286.37 million, a P/E ratio of 11.60 and a beta of 0.95. The company’s 50-day moving average is $23.27. Marlin Business Services has a 1 year low of $17.51 and a 1 year high of $30.60. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 0.69.
The business also recently disclosed a dividend, which will be paid on Thursday, August 22nd. Investors of record on Monday, August 12th will be given a dividend of $0.14 per share. The ex-dividend date of this dividend is Friday, August 9th. This is a boost from Marlin Business Services’s previous dividend of $0.11. Marlin Business Services’s dividend payout ratio (DPR) is currently 27.45%.
MRLN has been the subject of several research reports. ValuEngine raised Marlin Business Services from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 18th. BidaskClub downgraded Marlin Business Services from a “hold” rating to a “sell” rating in a research note on Tuesday, July 16th.
In related news, SVP James Sherlock sold 2,231 shares of Marlin Business Services stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $23.00, for a total transaction of $51,313.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, General Counsel Edward Ralph Jr. Dietz sold 2,419 shares of Marlin Business Services stock in a transaction dated Thursday, May 30th. The stock was sold at an average price of $23.44, for a total value of $56,701.36. The disclosure for this sale can be found here. In the last quarter, insiders have sold 4,750 shares of company stock valued at $110,350. 6.31% of the stock is currently owned by company insiders.
About Marlin Business Services
Marlin Business Services Corp. provides credit products and services to small and mid-sized businesses in the United States. The company's products and services include loans and leases for the acquisition of commercial equipment and working capital loans. It offers lease finance to approximately 100 categories of equipment.
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