Insider Selling: Marlin Business Services Corp. (MRLN) Director Sells 2,000 Shares of Stock

Marlin Business Services Corp. (NASDAQ:MRLN) Director James W. Wert sold 2,000 shares of Marlin Business Services stock in a transaction dated Tuesday, May 22nd. The stock was sold at an average price of $29.55, for a total value of $59,100.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

James W. Wert also recently made the following trade(s):

  • On Friday, May 18th, James W. Wert sold 1,000 shares of Marlin Business Services stock. The stock was sold at an average price of $29.10, for a total value of $29,100.00.

Shares of MRLN traded up $0.30 during midday trading on Tuesday, hitting $30.00. The stock had a trading volume of 13,500 shares, compared to its average volume of 29,161. Marlin Business Services Corp. has a twelve month low of $20.26 and a twelve month high of $31.95. The company has a market capitalization of $360.18 million, a price-to-earnings ratio of 20.00 and a beta of 0.86.

Marlin Business Services (NASDAQ:MRLN) last released its quarterly earnings results on Thursday, May 3rd. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.40 by $0.10. Marlin Business Services had a return on equity of 11.98% and a net margin of 26.17%. The firm had revenue of $23.84 million for the quarter, compared to the consensus estimate of $27.70 million. research analysts expect that Marlin Business Services Corp. will post 2.05 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 24th. Shareholders of record on Monday, May 14th will be paid a $0.14 dividend. This is an increase from Marlin Business Services’s previous quarterly dividend of $0.11. The ex-dividend date is Friday, May 11th. This represents a $0.56 annualized dividend and a dividend yield of 1.87%. Marlin Business Services’s dividend payout ratio (DPR) is currently 37.33%.

Several research firms have weighed in on MRLN. ValuEngine lowered Marlin Business Services from a “buy” rating to a “hold” rating in a report on Tuesday, May 15th. Zacks Investment Research downgraded Marlin Business Services from a “buy” rating to a “hold” rating in a research note on Thursday, May 10th. Finally, BidaskClub downgraded Marlin Business Services from a “buy” rating to a “hold” rating in a research note on Wednesday, April 18th.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Schwab Charles Investment Management Inc. raised its stake in shares of Marlin Business Services by 20.7% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 14,000 shares of the financial services provider’s stock valued at $314,000 after purchasing an additional 2,400 shares during the period. Hancock Holding Co. raised its stake in shares of Marlin Business Services by 26.2% in the 1st quarter. Hancock Holding Co. now owns 11,876 shares of the financial services provider’s stock valued at $337,000 after purchasing an additional 2,468 shares during the period. Wells Fargo & Company MN raised its stake in shares of Marlin Business Services by 61.8% in the 3rd quarter. Wells Fargo & Company MN now owns 9,214 shares of the financial services provider’s stock valued at $265,000 after purchasing an additional 3,521 shares during the period. MetLife Investment Advisors LLC acquired a new stake in shares of Marlin Business Services in the 1st quarter valued at about $124,000. Finally, Monarch Partners Asset Management LLC raised its stake in shares of Marlin Business Services by 25.3% in the 1st quarter. Monarch Partners Asset Management LLC now owns 28,100 shares of the financial services provider’s stock valued at $797,000 after purchasing an additional 5,670 shares during the period. 82.77% of the stock is currently owned by hedge funds and other institutional investors.

About Marlin Business Services

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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