Marlin Business Services (NASDAQ:MRLN) Lifted to Hold at BidaskClub

BidaskClub upgraded shares of Marlin Business Services (NASDAQ:MRLN) from a sell rating to a hold rating in a report issued on Tuesday morning, BidAskClub reports.

Separately, ValuEngine upgraded Marlin Business Services from a sell rating to a hold rating in a report on Wednesday, September 11th.

Shares of Marlin Business Services stock opened at $23.89 on Tuesday. Marlin Business Services has a 1 year low of $17.51 and a 1 year high of $29.50. The business has a 50-day moving average of $23.27 and a two-hundred day moving average of $22.82. The company has a market capitalization of $295.49 million, a P/E ratio of 11.71 and a beta of 0.95. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.17 and a quick ratio of 0.17.

Marlin Business Services (NASDAQ:MRLN) last announced its quarterly earnings results on Thursday, August 1st. The financial services provider reported $0.51 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.51. Marlin Business Services had a return on equity of 12.02% and a net margin of 17.16%. The company had revenue of $24.18 million during the quarter, compared to the consensus estimate of $25.30 million. On average, equities analysts anticipate that Marlin Business Services will post 2.35 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 22nd. Investors of record on Monday, August 12th were issued a dividend of $0.14 per share. The ex-dividend date was Friday, August 9th. This is an increase from Marlin Business Services’s previous quarterly dividend of $0.11. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.34%. Marlin Business Services’s dividend payout ratio (DPR) is presently 27.45%.

Large investors have recently bought and sold shares of the stock. BNP Paribas Arbitrage SA grew its holdings in shares of Marlin Business Services by 919.7% during the first quarter. BNP Paribas Arbitrage SA now owns 1,815 shares of the financial services provider’s stock worth $39,000 after buying an additional 1,637 shares in the last quarter. Bank of Montreal Can grew its holdings in shares of Marlin Business Services by 37.3% during the second quarter. Bank of Montreal Can now owns 2,908 shares of the financial services provider’s stock worth $73,000 after buying an additional 790 shares in the last quarter. Bank of America Corp DE grew its holdings in shares of Marlin Business Services by 87.8% during the fourth quarter. Bank of America Corp DE now owns 5,789 shares of the financial services provider’s stock worth $129,000 after buying an additional 2,706 shares in the last quarter. LSV Asset Management bought a new position in shares of Marlin Business Services during the first quarter worth about $131,000. Finally, SG Americas Securities LLC bought a new position in shares of Marlin Business Services during the first quarter worth about $153,000. Institutional investors and hedge funds own 86.04% of the company’s stock.

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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