Marlin Business Services (NASDAQ:MRLN) was upgraded by stock analysts at BidaskClub from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Wednesday, BidAskClub reports.
Separately, ValuEngine upgraded shares of Marlin Business Services from a “sell” rating to a “hold” rating in a research note on Wednesday, September 11th.
Shares of MRLN stock opened at $21.29 on Wednesday. The stock has a 50 day moving average of $22.21 and a two-hundred day moving average of $23.09. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.49. Marlin Business Services has a 12 month low of $17.51 and a 12 month high of $25.48. The company has a market capitalization of $260.59 million, a P/E ratio of 10.44 and a beta of 0.90.
Institutional investors have recently modified their holdings of the company. Bank of Montreal Can raised its position in Marlin Business Services by 37.3% in the second quarter. Bank of Montreal Can now owns 2,908 shares of the financial services provider’s stock worth $73,000 after purchasing an additional 790 shares in the last quarter. Russell Investments Group Ltd. grew its stake in shares of Marlin Business Services by 138.0% in the 3rd quarter. Russell Investments Group Ltd. now owns 8,502 shares of the financial services provider’s stock valued at $214,000 after purchasing an additional 4,929 shares during the period. Zebra Capital Management LLC bought a new stake in shares of Marlin Business Services in the 3rd quarter valued at approximately $216,000. Marshall Wace LLP acquired a new position in shares of Marlin Business Services in the 1st quarter worth approximately $250,000. Finally, Rhumbline Advisers raised its holdings in shares of Marlin Business Services by 6.2% in the 3rd quarter. Rhumbline Advisers now owns 14,641 shares of the financial services provider’s stock worth $369,000 after buying an additional 854 shares in the last quarter. Institutional investors and hedge funds own 86.83% of the company’s stock.
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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