Marlin Business Services Corp. (MRLN) Given Consensus Rating of “Hold” by Brokerages

Marlin Business Services Corp. (NASDAQ:MRLN) has been given a consensus broker rating score of 2.50 (Hold) from the two analysts that provide coverage for the company, Zacks Investment Research reports. One analyst has rated the stock with a hold recommendation and one has given a buy recommendation to the company.

Zacks has also assigned Marlin Business Services an industry rank of 168 out of 255 based on the ratings given to related companies.

A number of equities research analysts have commented on the stock. BidaskClub raised shares of Marlin Business Services from a “hold” rating to a “buy” rating in a research report on Saturday, October 13th. Zacks Investment Research downgraded shares of Marlin Business Services from a “hold” rating to a “strong sell” rating in a research report on Thursday, August 9th. Finally, ValuEngine downgraded shares of Marlin Business Services from a “buy” rating to a “hold” rating in a research report on Thursday, August 2nd.

Hedge funds have recently modified their holdings of the company. MetLife Investment Advisors LLC bought a new stake in shares of Marlin Business Services during the 1st quarter valued at $124,000. Signaturefd LLC bought a new stake in shares of Marlin Business Services during the 2nd quarter valued at $140,000. Globeflex Capital L P grew its position in shares of Marlin Business Services by 438.5% during the 2nd quarter. Globeflex Capital L P now owns 7,000 shares of the financial services provider’s stock valued at $209,000 after acquiring an additional 5,700 shares during the period. Bessemer Group Inc. grew its position in shares of Marlin Business Services by 19.8% during the 2nd quarter. Bessemer Group Inc. now owns 12,100 shares of the financial services provider’s stock valued at $361,000 after acquiring an additional 2,000 shares during the period. Finally, First Trust Advisors LP grew its position in shares of Marlin Business Services by 41.7% during the 3rd quarter. First Trust Advisors LP now owns 14,358 shares of the financial services provider’s stock valued at $414,000 after acquiring an additional 4,225 shares during the period. 82.79% of the stock is owned by hedge funds and other institutional investors.

NASDAQ:MRLN opened at $27.11 on Friday. Marlin Business Services has a 12 month low of $21.05 and a 12 month high of $31.95. The company has a market capitalization of $338.34 million, a price-to-earnings ratio of 18.07 and a beta of 0.91.

Marlin Business Services (NASDAQ:MRLN) last posted its earnings results on Thursday, August 2nd. The financial services provider reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.01. Marlin Business Services had a net margin of 26.20% and a return on equity of 12.48%. The business had revenue of $24.13 million during the quarter, compared to the consensus estimate of $24.10 million. On average, equities analysts expect that Marlin Business Services will post 2.02 earnings per share for the current year.

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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