Teachers Advisors LLC Has $377,000 Position in Marlin Business Services Corp. (MRLN)

Teachers Advisors LLC increased its stake in Marlin Business Services Corp. (NASDAQ:MRLN) by 10.0% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 14,973 shares of the financial services provider’s stock after purchasing an additional 1,356 shares during the quarter. Teachers Advisors LLC owned approximately 0.12% of Marlin Business Services Corp. worth $377,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in Marlin Business Services Corp. 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 during the last quarter. Strs Ohio lifted its holdings in Marlin Business Services Corp. 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 during the last quarter. John W. Rosenthal Capital Management Inc. acquired a new stake in Marlin Business Services Corp. in the 2nd quarter worth approximately $485,000. Prudential Financial Inc. lifted its holdings in Marlin Business Services Corp. by 5.1% in the 1st quarter. Prudential Financial Inc. now owns 54,021 shares of the financial services provider’s stock worth $1,391,000 after purchasing an additional 2,600 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in Marlin Business Services Corp. by 3.4% in the 1st quarter. Geode Capital Management LLC now owns 130,522 shares of the financial services provider’s stock worth $3,360,000 after purchasing an additional 4,241 shares during the last quarter. Hedge funds and other institutional investors own 79.64% of the company’s stock.

Shares of Marlin Business Services Corp. (MRLN) opened at $22.95 on Wednesday. Marlin Business Services Corp. has a 1-year low of $18.90 and a 1-year high of $29.95. The firm has a market capitalization of $287.08, a P/E ratio of 16.28 and a beta of 1.23.

Marlin Business Services Corp. (NASDAQ:MRLN) last issued its quarterly earnings results on Thursday, October 26th. The financial services provider reported $0.31 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by ($0.11). The business had revenue of $23.14 million during the quarter, compared to the consensus estimate of $23.60 million. Marlin Business Services Corp. had a return on equity of 10.84% and a net margin of 13.40%.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 16th. Shareholders of record on Monday, November 6th will be given a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 2.44%. The ex-dividend date is Friday, November 3rd. Marlin Business Services Corp.’s dividend payout ratio is currently 50.00%.

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MRLN has been the subject of several analyst reports. BidaskClub lowered Marlin Business Services Corp. from a “hold” rating to a “sell” rating in a report on Monday, July 24th. Zacks Investment Research lowered Marlin Business Services Corp. from a “buy” rating to a “hold” rating in a report on Tuesday, October 3rd.

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.

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

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