Marlin Business Services (MRLN) Downgraded by BidaskClub

Marlin Business Services (NASDAQ:MRLN) was downgraded by equities researchers at BidaskClub from a “hold” rating to a “sell” rating in a note issued to investors on Thursday.

Separately, Zacks Investment Research downgraded Marlin Business Services from a “buy” rating to a “hold” rating in a report on Tuesday, October 3rd.

Marlin Business Services (NASDAQ:MRLN) opened at $22.70 on Thursday. Marlin Business Services has a twelve month low of $19.50 and a twelve month high of $29.95. The firm has a market capitalization of $288.96, a P/E ratio of 16.38 and a beta of 1.22.

Marlin Business Services (NASDAQ:MRLN) last posted its earnings results on Thursday, October 26th. The financial services provider reported $0.31 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.11). Marlin Business Services had a return on equity of 10.84% and a net margin of 13.40%. The firm had revenue of $23.14 million for the quarter, compared to analysts’ expectations of $23.60 million.

Institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of Marlin Business Services by 3.5% in the 1st quarter. Vanguard Group Inc. now owns 344,659 shares of the financial services provider’s stock worth $8,875,000 after purchasing an additional 11,716 shares in the last quarter. Strs Ohio boosted its position in shares of Marlin Business Services by 12.3% in the 2nd quarter. Strs Ohio now owns 17,400 shares of the financial services provider’s stock worth $437,000 after purchasing an additional 1,900 shares in the last quarter. Mutual of America Capital Management LLC boosted its position in shares of Marlin Business Services by 2.8% in the 3rd quarter. Mutual of America Capital Management LLC now owns 230,701 shares of the financial services provider’s stock worth $6,633,000 after purchasing an additional 6,314 shares in the last quarter. John W. Rosenthal Capital Management Inc. bought a new stake in shares of Marlin Business Services in the 2nd quarter worth approximately $485,000. Finally, Alliancebernstein L.P. boosted its position in shares of Marlin Business Services by 40.8% in the 2nd quarter. Alliancebernstein L.P. now owns 16,900 shares of the financial services provider’s stock worth $425,000 after purchasing an additional 4,900 shares in the last quarter. 80.28% of the stock is currently owned by hedge funds and other institutional investors.

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Marlin Business Services Company Profile

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.

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