Marlin Business Services Corp. (NASDAQ:MRLN) General Counsel Edward Ralph Jr. Dietz sold 3,000 shares of the firm’s stock in a transaction on Wednesday, March 14th. The stock was sold at an average price of $27.23, for a total value of $81,690.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Edward Ralph Jr. Dietz also recently made the following trade(s):
- On Monday, March 12th, Edward Ralph Jr. Dietz sold 1,010 shares of Marlin Business Services stock. The stock was sold at an average price of $27.18, for a total value of $27,451.80.
Shares of Marlin Business Services Corp. (NASDAQ:MRLN) traded up $0.10 during mid-day trading on Wednesday, reaching $27.40. The company had a trading volume of 23,816 shares, compared to its average volume of 33,392. The stock has a market cap of $338.81, a price-to-earnings ratio of 13.63 and a beta of 1.05. Marlin Business Services Corp. has a one year low of $20.26 and a one year high of $29.95.
The company also recently announced a quarterly dividend, which was paid on Thursday, February 22nd. Investors of record on Monday, February 12th were paid a $0.14 dividend. The ex-dividend date was Friday, February 9th. This represents a $0.56 dividend on an annualized basis and a yield of 2.04%. Marlin Business Services’s dividend payout ratio (DPR) is 27.86%.
MRLN has been the subject of a number of research analyst reports. BidaskClub lowered Marlin Business Services from a “hold” rating to a “sell” rating in a research note on Thursday, December 7th. Keefe, Bruyette & Woods restated a “buy” rating and issued a $29.00 target price on shares of Marlin Business Services in a research note on Friday, December 22nd. Zacks Investment Research upgraded Marlin Business Services from a “hold” rating to a “strong-buy” rating and set a $30.00 target price for the company in a research note on Wednesday, February 14th. Finally, ValuEngine lowered Marlin Business Services from a “buy” rating to a “hold” rating in a research note on Tuesday, February 13th.
A number of hedge funds have recently modified their holdings of MRLN. Bessemer Group Inc. purchased a new position in Marlin Business Services in the 4th quarter worth $130,000. Wells Fargo & Company MN raised its stake in shares of Marlin Business Services by 3.6% during the 2nd quarter. Wells Fargo & Company MN now owns 5,693 shares of the financial services provider’s stock valued at $143,000 after buying an additional 200 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of Marlin Business Services during the 4th quarter valued at about $159,000. Tower Research Capital LLC TRC raised its stake in shares of Marlin Business Services by 361.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 7,799 shares of the financial services provider’s stock valued at $175,000 after buying an additional 6,109 shares during the last quarter. Finally, First Trust Advisors LP purchased a new position in shares of Marlin Business Services during the 3rd quarter valued at about $205,000. Institutional investors own 81.60% of the company’s stock.
TRADEMARK VIOLATION WARNING: This news story was published by The Lincolnian Online and is owned by of The Lincolnian Online. If you are viewing this news story on another website, it was illegally stolen and republished in violation of US & international copyright laws. The legal version of this news story can be accessed at https://www.thelincolnianonline.com/2018/03/14/marlin-business-services-corp-mrln-general-counsel-sells-81690-00-in-stock.html.
Marlin Business Services Company Profile
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.
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.