Marlin Business Services Corp. (NASDAQ:MRLN) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.

According to Zacks, “Marlin Business Services Corp is a nationwide provider of equipment leasing solutions primarily to small businesses. Marlin finances over 60 categories of commercial equipment, including copiers, telephone systems, computers and certain commercial and industrial equipment. “

Separately, TheStreet upgraded shares of Marlin Business Services Corp. from a “hold” rating to a “buy” rating in a research report on Wednesday, August 17th.

Marlin Business Services Corp. (NASDAQ:MRLN) opened at 18.28 on Tuesday. The stock’s 50 day moving average is $18.37 and its 200 day moving average is $16.07. Marlin Business Services Corp. has a one year low of $13.46 and a one year high of $19.29. The firm has a market cap of $222.01 million, a price-to-earnings ratio of 14.51 and a beta of 1.17.

Marlin Business Services Corp. (NASDAQ:MRLN) last posted its quarterly earnings data on Thursday, July 28th. The financial services provider reported $0.36 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.33 by $0.03. Marlin Business Services Corp. had a net margin of 17.07% and a return on equity of 11.72%. On average, analysts predict that Marlin Business Services Corp. will post $1.38 earnings per share for the current fiscal year.

In other Marlin Business Services Corp. news, insider James Sherlock sold 2,221 shares of the firm’s stock in a transaction on Monday, September 12th. The shares were sold at an average price of $18.84, for a total value of $41,843.64. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Edward John Siciliano sold 8,160 shares of the firm’s stock in a transaction on Wednesday, September 7th. The stock was sold at an average price of $19.07, for a total transaction of $155,611.20. The disclosure for this sale can be found here. 10.71% of the stock is currently owned by company insiders.

Large investors have recently made changes to their positions in the company. O Shaughnessy Asset Management LLC raised its stake in shares of Marlin Business Services Corp. by 294.2% in the second quarter. O Shaughnessy Asset Management LLC now owns 6,831 shares of the financial services provider’s stock worth $111,000 after buying an additional 5,098 shares during the period. Los Angeles Capital Management & Equity Research Inc. purchased a new stake in shares of Marlin Business Services Corp. during the second quarter worth about $168,000. Alliancebernstein L.P. raised its stake in shares of Marlin Business Services Corp. by 3.5% in the second quarter. Alliancebernstein L.P. now owns 11,700 shares of the financial services provider’s stock worth $191,000 after buying an additional 400 shares during the period. PNC Financial Services Group Inc. raised its stake in shares of Marlin Business Services Corp. by 99.6% in the second quarter. PNC Financial Services Group Inc. now owns 12,016 shares of the financial services provider’s stock worth $195,000 after buying an additional 5,995 shares during the period. Finally, Emerald Acquisition Ltd. purchased a new stake in shares of Marlin Business Services Corp. during the second quarter worth about $265,000. 72.75% of the stock is currently owned by institutional investors and hedge funds.

About Marlin Business Services Corp.

Marlin Business Services Corp. is a provider of equipment financing solutions primarily to small and mid-sized businesses. The Company finances over 100 categories of common-use commercial equipment, including copiers, computers and software, security systems, telecommunications equipment, and certain commercial and industrial equipment.

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