Brokerages Expect Marlin Business Services Corp. (NASDAQ:MRLN) to Announce $0.51 EPS

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

Zacks has also assigned Marlin Business Services an industry rank of 50 out of 256 based on the ratings given to its competitors.

Several equities analysts have weighed in on the stock. ValuEngine downgraded shares of Zymeworks from a “buy” rating to a “hold” rating in a report on Saturday, May 18th. BidaskClub downgraded shares of Zebra Technologies from a “buy” rating to a “hold” rating in a report on Tuesday.

In other news, SVP James Sherlock sold 2,231 shares of Marlin Business Services stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $23.00, for a total transaction of $51,313.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel Edward Ralph Jr. Dietz sold 2,419 shares of Marlin Business Services stock in a transaction dated Thursday, May 30th. The stock was sold at an average price of $23.44, for a total transaction of $56,701.36. The disclosure for this sale can be found here. Insiders have sold a total of 4,750 shares of company stock valued at $110,350 over the last 90 days. 6.31% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Rhumbline Advisers lifted its stake in shares of Marlin Business Services by 38.7% during the fourth quarter. Rhumbline Advisers now owns 13,860 shares of the financial services provider’s stock worth $309,000 after buying an additional 3,865 shares during the period. First Trust Advisors LP lifted its stake in shares of Marlin Business Services by 18.3% during the fourth quarter. First Trust Advisors LP now owns 16,986 shares of the financial services provider’s stock worth $379,000 after buying an additional 2,628 shares during the period. BlackRock Inc. lifted its stake in shares of Marlin Business Services by 1.5% during the fourth quarter. BlackRock Inc. now owns 654,569 shares of the financial services provider’s stock worth $14,617,000 after buying an additional 9,567 shares during the period. Geode Capital Management LLC lifted its stake in shares of Marlin Business Services by 2.4% during the fourth quarter. Geode Capital Management LLC now owns 145,326 shares of the financial services provider’s stock worth $3,244,000 after buying an additional 3,426 shares during the period. Finally, Brandywine Global Investment Management LLC acquired a new stake in shares of Marlin Business Services during the fourth quarter worth $103,000. 84.60% of the stock is currently owned by institutional investors and hedge funds.

NASDAQ:MRLN traded down $0.18 during mid-day trading on Monday, hitting $22.37. 9,912 shares of the company’s stock traded hands, compared to its average volume of 12,817. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 0.69. The business has a 50 day simple moving average of $23.24. Marlin Business Services has a 1 year low of $17.51 and a 1 year high of $31.20. The stock has a market capitalization of $278.47 million, a P/E ratio of 11.62 and a beta of 0.95.

Marlin Business Services (NASDAQ:MRLN) last posted its earnings results on Thursday, May 2nd. The financial services provider reported $0.40 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.46 by ($0.06). Marlin Business Services had a net margin of 17.77% and a return on equity of 12.33%. The business had revenue of $23.96 million for the quarter, compared to analysts’ expectations of $24.10 million. Research analysts anticipate that Marlin Business Services will post 2.31 earnings per share for the current year.

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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