Zacks: Marlin Business Services Corp. (MRLN) Receives Average Recommendation of “Hold” from Brokerages

Shares of Marlin Business Services Corp. (NASDAQ:MRLN) have earned a consensus broker rating score of 3.00 (Hold) from the one analysts that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a hold rating.

Zacks has also given Marlin Business Services an industry rank of 166 out of 255 based on the ratings given to related companies.

Several equities research analysts recently issued reports on MRLN shares. ValuEngine cut shares of Marlin Business Services from a “sell” rating to a “strong sell” rating in a report on Wednesday, March 27th. BidaskClub upgraded shares of Marlin Business Services from a “sell” rating to a “hold” rating in a report on Wednesday, January 2nd. Finally, Zacks Investment Research upgraded shares of Marlin Business Services from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a report on Thursday, February 7th.

NASDAQ MRLN traded up $0.23 during trading hours on Monday, hitting $22.06. The company had a trading volume of 7,461 shares, compared to its average volume of 17,541. Marlin Business Services has a fifty-two week low of $17.51 and a fifty-two week high of $31.95. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.15 and a quick ratio of 0.15. The firm has a market capitalization of $270.70 million, a PE ratio of 10.81 and a beta of 1.04.

Marlin Business Services (NASDAQ:MRLN) last announced its quarterly earnings data on Thursday, January 31st. The financial services provider reported $0.51 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.53 by ($0.02). Marlin Business Services had a return on equity of 13.24% and a net margin of 19.99%. The business had revenue of $23.68 million during the quarter, compared to analysts’ expectations of $24.50 million. Equities research analysts expect that Marlin Business Services will post 2.31 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MRLN. First Trust Advisors LP raised its position in Marlin Business Services by 41.7% in the third quarter. First Trust Advisors LP now owns 14,358 shares of the financial services provider’s stock worth $414,000 after acquiring an additional 4,225 shares during the period. Martingale Asset Management L P raised its position in shares of Marlin Business Services by 5.0% during the 3rd quarter. Martingale Asset Management L P now owns 50,521 shares of the financial services provider’s stock valued at $1,458,000 after purchasing an additional 2,404 shares during the period. BlackRock Inc. raised its position in shares of Marlin Business Services by 0.3% during the 3rd quarter. BlackRock Inc. now owns 645,002 shares of the financial services provider’s stock valued at $18,607,000 after purchasing an additional 2,054 shares during the period. Panagora Asset Management Inc. raised its position in shares of Marlin Business Services by 20.1% during the 3rd quarter. Panagora Asset Management Inc. now owns 34,836 shares of the financial services provider’s stock valued at $1,005,000 after purchasing an additional 5,840 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in shares of Marlin Business Services by 0.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,045,039 shares of the financial services provider’s stock valued at $30,149,000 after purchasing an additional 8,863 shares during the period. Institutional investors and hedge funds own 84.99% of the company’s stock.

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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