Goldman Sachs Group Inc. Has $5,258,000 Position in Marlin Business Services Corp. (MRLN)

Goldman Sachs Group Inc. maintained its stake in shares of Marlin Business Services Corp. (NASDAQ:MRLN) during the first quarter, according to its most recent disclosure with the SEC. The firm owned 204,199 shares of the financial services provider’s stock at the end of the first quarter. Goldman Sachs Group Inc. owned approximately 1.67% of Marlin Business Services Corp. worth $5,258,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Geode Capital Management LLC raised its stake in shares of Marlin Business Services Corp. by 3.4% in the first quarter. Geode Capital Management LLC now owns 130,522 shares of the financial services provider’s stock worth $3,360,000 after buying an additional 4,241 shares in the last quarter. Vanguard Group Inc. raised its stake in Marlin Business Services Corp. by 3.5% in the first quarter. Vanguard Group Inc. now owns 344,659 shares of the financial services provider’s stock valued at $8,875,000 after buying an additional 11,716 shares during the period. California Public Employees Retirement System raised its stake in Marlin Business Services Corp. by 9.9% in the first quarter. California Public Employees Retirement System now owns 70,200 shares of the financial services provider’s stock valued at $1,808,000 after buying an additional 6,300 shares during the period. Alliancebernstein L.P. raised its stake in Marlin Business Services Corp. by 0.8% in the first quarter. Alliancebernstein L.P. now owns 12,000 shares of the financial services provider’s stock valued at $309,000 after buying an additional 100 shares during the period. Finally, American International Group Inc. raised its stake in Marlin Business Services Corp. by 7.1% in the first quarter. American International Group Inc. now owns 5,102 shares of the financial services provider’s stock valued at $131,000 after buying an additional 339 shares during the period. 77.50% of the stock is currently owned by institutional investors and hedge funds.

Marlin Business Services Corp. (NASDAQ MRLN) traded up 2.37% during mid-day trading on Friday, reaching $25.90. 27,892 shares of the company’s stock traded hands. Marlin Business Services Corp. has a 12 month low of $17.05 and a 12 month high of $26.70. The company has a 50 day moving average price of $25.29 and a 200-day moving average price of $24.98. The stock has a market cap of $316.45 million, a P/E ratio of 21.42 and a beta of 1.31.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 17th. Shareholders of record on Monday, August 7th were paid a dividend of $0.14 per share. The ex-dividend date was Thursday, August 3rd. This is a boost from Marlin Business Services Corp.’s previous quarterly dividend of $0.11. This represents a $0.56 annualized dividend and a yield of 2.16%. Marlin Business Services Corp.’s dividend payout ratio (DPR) is 46.28%.

Marlin Business Services Corp. announced that its board has approved a share buyback program on Tuesday, May 30th that allows the company to buyback $10.00 million in outstanding shares. This buyback authorization allows the financial services provider to purchase up to 3.2% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.

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Several analysts have issued reports on the stock. Zacks Investment Research raised shares of Marlin Business Services Corp. from a “hold” rating to a “strong-buy” rating and set a $30.00 price target on the stock in a research report on Thursday, August 3rd. BidaskClub raised shares of Marlin Business Services Corp. from a “sell” rating to a “hold” rating in a research report on Wednesday, August 2nd. Finally, ValuEngine lowered shares of Marlin Business Services Corp. from a “buy” rating to a “hold” rating in a research report on Tuesday, May 16th.

In other Marlin Business Services Corp. news, Director James W. Wert sold 2,980 shares of the firm’s stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $25.42, for a total transaction of $75,751.60. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, General Counsel Edward Ralph Jr. Dietz sold 3,000 shares of the firm’s stock in a transaction on Wednesday, August 16th. The shares were sold at an average price of $25.01, for a total value of $75,030.00. The disclosure for this sale can be found here. 6.94% of the stock is currently owned by company insiders.

About Marlin Business Services Corp.

Marlin Business Services Corp. is a bank holding company and a financial holding company. The Company is a provider of credit products and services to small businesses. The Company provides products and services to its customers, which include loans and leases for the acquisition of commercial equipment, working capital loans, and insurance products.

Institutional Ownership by Quarter for Marlin Business Services Corp. (NASDAQ:MRLN)

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