Shares of Marlin Business Services Corp. (NASDAQ:MRLN) have been assigned a consensus broker rating score of 3.00 (Hold) from the one analysts that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating. Marlin Business Services’ rating score has declined by 20% from three months ago as a result of various analysts’ ratings changes.

Zacks has also given Marlin Business Services an industry rank of 82 out of 257 based on the ratings given to related companies.

Several research firms have recently issued reports on MRLN. Zacks Investment Research raised shares of Marlin Business Services from a “sell” rating to a “hold” rating and set a $30.00 price objective for the company in a research report on Wednesday, November 7th. ValuEngine lowered shares of Marlin Business Services from a “hold” rating to a “sell” rating in a research report on Friday, December 7th. Finally, BidaskClub lowered shares of Marlin Business Services from a “hold” rating to a “sell” rating in a research report on Saturday, December 1st.

NASDAQ:MRLN traded up $0.16 during trading hours on Friday, reaching $21.26. 33,667 shares of the company were exchanged, compared to its average volume of 18,815. The company has a quick ratio of 0.15, a current ratio of 0.15 and a debt-to-equity ratio of 0.90. The company has a market cap of $261.65 million, a P/E ratio of 14.17 and a beta of 0.93. Marlin Business Services has a 52-week low of $20.36 and a 52-week high of $31.95.

Marlin Business Services (NASDAQ:MRLN) last released its quarterly earnings data on Thursday, November 1st. The financial services provider reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.02. Marlin Business Services had a net margin of 28.62% and a return on equity of 13.36%. The company had revenue of $23.81 million during the quarter, compared to analyst estimates of $24.10 million. Research analysts forecast that Marlin Business Services will post 2.06 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 23rd. Stockholders of record on Monday, November 12th were given a $0.14 dividend. The ex-dividend date of this dividend was Friday, November 9th. This represents a $0.56 annualized dividend and a dividend yield of 2.63%. This is a positive change from Marlin Business Services’s previous quarterly dividend of $0.11. Marlin Business Services’s dividend payout ratio is presently 37.33%.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Signaturefd LLC acquired a new stake in Marlin Business Services during the 2nd quarter valued at $140,000. Globeflex Capital L P grew its holdings in Marlin Business Services by 438.5% during the 2nd quarter. Globeflex Capital L P now owns 7,000 shares of the financial services provider’s stock valued at $209,000 after purchasing an additional 5,700 shares in the last quarter. Algert Global LLC acquired a new stake in Marlin Business Services during the 3rd quarter valued at $208,000. First Trust Advisors LP grew its holdings in Marlin Business Services by 41.7% during the 3rd quarter. First Trust Advisors LP now owns 14,358 shares of the financial services provider’s stock valued at $414,000 after purchasing an additional 4,225 shares in the last quarter. Finally, Millennium Management LLC acquired a new stake in Marlin Business Services during the 2nd quarter valued at $587,000. 83.58% of the stock is owned by institutional investors and hedge funds.

Marlin Business Services Company Profile

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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