Marlin Business Services (MRLN) Lowered to Sell at ValuEngine

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ValuEngine cut shares of Marlin Business Services (NASDAQ:MRLN) from a hold rating to a sell rating in a research note published on Friday morning.

Several other brokerages have also issued reports on MRLN. Zacks Investment Research lowered shares of Marlin Business Services from a hold rating to a strong sell rating in a research note on Thursday, August 9th. BidaskClub raised shares of Marlin Business Services from a hold rating to a buy rating in a research note on Saturday, October 13th.

Shares of NASDAQ:MRLN traded down $0.70 during trading on Friday, reaching $23.88. The stock had a trading volume of 43,311 shares, compared to its average volume of 8,192. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.15 and a current ratio of 0.15. Marlin Business Services has a 52 week low of $21.15 and a 52 week high of $31.95. The firm has a market cap of $304.81 million, a P/E ratio of 15.92 and a beta of 0.93.

Marlin Business Services (NASDAQ:MRLN) last posted its quarterly earnings data on Thursday, November 1st. The financial services provider reported $0.51 EPS for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.02. The company had revenue of $23.81 million for the quarter, compared to analyst estimates of $24.10 million. Marlin Business Services had a net margin of 28.62% and a return on equity of 13.36%. As a group, sell-side analysts anticipate that Marlin Business Services will post 2.06 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, November 23rd. Investors of record on Monday, November 12th were paid a dividend of $0.14 per share. The ex-dividend date of this dividend was Friday, November 9th. This is a positive change from Marlin Business Services’s previous quarterly dividend of $0.11. This represents a $0.56 annualized dividend and a yield of 2.35%. Marlin Business Services’s dividend payout ratio is currently 37.33%.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Inc. boosted its stake in Marlin Business Services by 0.3% during the third quarter. BlackRock Inc. now owns 645,002 shares of the financial services provider’s stock worth $18,607,000 after acquiring an additional 2,054 shares in the last quarter. Martingale Asset Management L P raised its holdings in shares of Marlin Business Services by 5.0% in the third 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 last quarter. Northern Trust Corp raised its holdings in shares of Marlin Business Services by 1.9% in the second quarter. Northern Trust Corp now owns 153,532 shares of the financial services provider’s stock valued at $4,583,000 after purchasing an additional 2,873 shares during the last quarter. Monarch Partners Asset Management LLC raised its holdings in shares of Marlin Business Services by 13.8% in the third quarter. Monarch Partners Asset Management LLC now owns 25,170 shares of the financial services provider’s stock valued at $726,000 after purchasing an additional 3,050 shares during the last quarter. Finally, Mutual of America Capital Management LLC raised its holdings in shares of Marlin Business Services by 1.1% in the third quarter. Mutual of America Capital Management LLC now owns 281,845 shares of the financial services provider’s stock valued at $8,131,000 after purchasing an additional 3,129 shares during the last quarter. 83.88% of the stock is currently owned by institutional investors and hedge funds.

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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