Dalton Greiner Hartman Maher & Co. trimmed its position in shares of Marlin Business Services Corp. (NASDAQ:MRLN) by 64.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 35,425 shares of the financial services provider’s stock after selling 63,656 shares during the quarter. Dalton Greiner Hartman Maher & Co.’s holdings in Marlin Business Services were worth $794,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of MRLN. Bank of New York Mellon Corp increased its stake in shares of Marlin Business Services by 1.2% during the second quarter. Bank of New York Mellon Corp now owns 76,366 shares of the financial services provider’s stock worth $1,920,000 after acquiring an additional 903 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Marlin Business Services by 2.3% during the second quarter. JPMorgan Chase & Co. now owns 143,431 shares of the financial services provider’s stock worth $3,607,000 after acquiring an additional 3,258 shares during the period. Wells Fargo & Company MN increased its stake in shares of Marlin Business Services by 3.6% during the second quarter. Wells Fargo & Company MN now owns 5,693 shares of the financial services provider’s stock worth $143,000 after acquiring an additional 200 shares during the period. Alliancebernstein L.P. increased its stake in shares of Marlin Business Services by 40.8% during the second quarter. Alliancebernstein L.P. now owns 16,900 shares of the financial services provider’s stock worth $425,000 after acquiring an additional 4,900 shares during the period. Finally, Teachers Advisors LLC increased its stake in shares of Marlin Business Services by 10.0% during the second quarter. Teachers Advisors LLC now owns 14,973 shares of the financial services provider’s stock worth $377,000 after acquiring an additional 1,356 shares during the period. Institutional investors and hedge funds own 80.28% of the company’s stock.

MRLN has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods began coverage on shares of Marlin Business Services in a research note on Tuesday, December 12th. They set an “outperform” rating and a $26.00 price target on the stock. BidaskClub lowered shares of Marlin Business Services from a “sell” rating to a “strong sell” rating in a research report on Thursday, December 21st. Finally, Zacks Investment Research lowered shares of Marlin Business Services from a “buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. Marlin Business Services currently has an average rating of “Hold” and an average target price of $29.33.

Marlin Business Services Corp. (NASDAQ MRLN) opened at $23.60 on Friday. Marlin Business Services Corp. has a 1 year low of $20.10 and a 1 year high of $29.95. The firm has a market cap of $298.96, a PE ratio of 16.95 and a beta of 1.23.

Marlin Business Services (NASDAQ:MRLN) last announced its quarterly earnings results on Thursday, October 26th. The financial services provider reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.11). Marlin Business Services had a net margin of 13.40% and a return on equity of 10.84%. The business had revenue of $23.14 million during the quarter, compared to analysts’ expectations of $23.60 million.

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Marlin Business Services Profile

Marlin Business Services Corp. is a bank holding company and a financial holding company. The Company is a provider of credit products and services to small businesses. The Company provides products and services to its customers, which include loans and leases for the acquisition of commercial equipment, working capital loans, and insurance products.

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Institutional Ownership by Quarter for Marlin Business Services (NASDAQ:MRLN)

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