Marlin Business Services (MRLN) Upgraded to “Sell” at ValuEngine

Share on StockTwits

ValuEngine upgraded shares of Marlin Business Services (NASDAQ:MRLN) from a strong sell rating to a sell rating in a report released on Saturday morning, ValuEngine reports.

A number of other analysts have also weighed in on MRLN. BidaskClub lowered shares of Marlin Business Services from a hold rating to a sell rating in a report on Saturday, January 19th. Zacks Investment Research raised shares of Marlin Business Services from a hold rating to a buy rating and set a $24.00 price target for the company in a report on Thursday, February 7th.

Shares of NASDAQ MRLN traded up $0.20 during mid-day trading on Friday, hitting $22.80. 8,969 shares of the stock were exchanged, compared to its average volume of 11,851. The firm has a market cap of $281.56 million, a price-to-earnings ratio of 11.18 and a beta of 1.02. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 0.69. Marlin Business Services has a twelve month low of $17.51 and a twelve month high of $31.60.

Marlin Business Services (NASDAQ:MRLN) last issued its quarterly earnings results on Thursday, May 2nd. The financial services provider reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.06). The company had revenue of $23.96 million during the quarter, compared to analyst estimates of $24.10 million. Marlin Business Services had a net margin of 17.77% and a return on equity of 12.33%. On average, analysts forecast that Marlin Business Services will post 2.31 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 23rd. Investors of record on Monday, May 13th will be issued a $0.14 dividend. The ex-dividend date is Friday, May 10th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.46%. This is a positive change from Marlin Business Services’s previous quarterly dividend of $0.11. Marlin Business Services’s dividend payout ratio (DPR) is currently 27.45%.

Institutional investors have recently modified their holdings of the stock. BNP Paribas Arbitrage SA increased its holdings in shares of Marlin Business Services by 919.7% in the first quarter. BNP Paribas Arbitrage SA now owns 1,815 shares of the financial services provider’s stock valued at $39,000 after purchasing an additional 1,637 shares in the last quarter. Bank of Montreal Can boosted its stake in Marlin Business Services by 438.4% in the fourth quarter. Bank of Montreal Can now owns 2,412 shares of the financial services provider’s stock valued at $55,000 after acquiring an additional 1,964 shares during the last quarter. Brandywine Global Investment Management LLC bought a new position in Marlin Business Services in the fourth quarter valued at approximately $103,000. Bank of America Corp DE boosted its stake in Marlin Business Services by 87.8% in the fourth quarter. Bank of America Corp DE now owns 5,789 shares of the financial services provider’s stock valued at $129,000 after acquiring an additional 2,706 shares during the last quarter. Finally, LSV Asset Management bought a new position in Marlin Business Services in the first quarter valued at approximately $131,000. 84.31% of the stock is owned by institutional investors and hedge funds.

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.

Read More: Intrinsic Value and Stock Selection

To view ValuEngine’s full report, visit ValuEngine’s official website.

Receive News & Ratings for Marlin Business Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marlin Business Services and related companies with MarketBeat.com's FREE daily email newsletter.