Campbell & CO Investment Adviser LLC Makes New $641,000 Investment in MeridianLink, Inc. $MLNK

Campbell & CO Investment Adviser LLC bought a new position in shares of MeridianLink, Inc. (NYSE:MLNK) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 39,503 shares of the company’s stock, valued at approximately $641,000. Campbell & CO Investment Adviser LLC owned approximately 0.05% of MeridianLink as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Mackenzie Financial Corp acquired a new stake in shares of MeridianLink in the first quarter valued at approximately $708,000. Goldman Sachs Group Inc. increased its stake in MeridianLink by 72.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 320,012 shares of the company’s stock worth $5,930,000 after acquiring an additional 134,146 shares during the period. New York State Common Retirement Fund raised its holdings in MeridianLink by 39.1% in the 1st quarter. New York State Common Retirement Fund now owns 9,257 shares of the company’s stock valued at $172,000 after acquiring an additional 2,600 shares in the last quarter. Select Equity Group L.P. lifted its position in shares of MeridianLink by 541.3% during the 1st quarter. Select Equity Group L.P. now owns 307,322 shares of the company’s stock valued at $5,695,000 after acquiring an additional 259,400 shares during the period. Finally, Inspire Investing LLC acquired a new stake in shares of MeridianLink during the 1st quarter worth $345,000. 82.65% of the stock is currently owned by institutional investors and hedge funds.

MeridianLink Price Performance

Shares of NYSE:MLNK opened at $20.02 on Friday. MeridianLink, Inc. has a one year low of $15.49 and a one year high of $25.22. The company has a debt-to-equity ratio of 1.18, a current ratio of 2.01 and a quick ratio of 2.01. The company has a market cap of $1.48 billion, a price-to-earnings ratio of -69.03 and a beta of 0.92. The firm has a 50 day simple moving average of $19.98 and a 200 day simple moving average of $18.22.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on MLNK. Barclays boosted their price target on MeridianLink from $16.00 to $20.00 and gave the company an “underweight” rating in a research note on Tuesday, August 12th. Raymond James Financial cut shares of MeridianLink from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, August 12th. William Blair lowered shares of MeridianLink from an “outperform” rating to a “market perform” rating in a research report on Monday, August 11th. Weiss Ratings restated a “sell (d-)” rating on shares of MeridianLink in a research report on Wednesday, October 8th. Finally, BTIG Research downgraded MeridianLink from a “strong-buy” rating to a “neutral” rating in a report on Monday, August 11th. Six investment analysts have rated the stock with a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average target price of $20.07.

About MeridianLink

MeridianLink, Inc, a software and services company, provides software solutions for banks, credit unions, mortgage lenders, specialty lending providers, and consumer reporting agencies in the United States. The company offers MeridianLink One, a multi-product platform that can be tailored to meet the needs of customers as they digitally transform their organizations and adapt to changing business and consumer demands; MeridianLink Portal, a Point of Sale system that allows financial institutions to expand existing lending and deposit account; MeridianLink Opening, a cloud-based online account opening and deposit software solution; MeridianLink Consumer, a full loan solution suite to banks and credit unions; and MeridianLink DecisionLender, a loan origination software (LOS) for finance companies.