Marlin Business Services Corp. COO Sells $600,981 in Stock (MRLN)
Marlin Business Services Corp. (NASDAQ:MRLN) COO George Pelose sold 23,330 shares of Marlin Business Services Corp. stock on the open market in a transaction dated Monday, September 9th. The shares were sold at an average price of $25.76, for a total transaction of $600,980.80. Following the completion of the transaction, the chief operating officer now directly owns 183,116 shares in the company. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Marlin Business Services Corp. (NASDAQ:MRLN) traded up 2.25% during mid-day trading on Wednesday, hitting $26.83. 77,371 shares of the company’s stock traded hands. Marlin Business Services Corp. has a one year low of $15.43 and a one year high of $26.27. The stock’s 50-day moving average is $24.37 and its 200-day moving average is $23.07. The company has a market cap of $332.8 million and a P/E ratio of 22.24.
The company also recently announced a special dividend, which is scheduled for Thursday, September 26th. Investors of record on Monday, September 16th will be paid a dividend of $2.00 per share. This represents a dividend yield of 1.71%. The ex-dividend date is Thursday, September 12th.
Marlin Business Services Corp. (NASDAQ:MRLN) is a bank holding company and a financial holding company.
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