Insider Selling: Daniel P. Dyer Sells 2,800 Shares of Marlin Business Services Corp. Stock (MRLN)
Marlin Business Services Corp. (NASDAQ:MRLN) CEO Daniel P. Dyer sold 2,800 shares of Marlin Business Services Corp. stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $24.45, for a total value of $68,460.00. Following the completion of the transaction, the chief executive officer now directly owns 356,516 shares in the company, valued at approximately $8,716,816. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Marlin Business Services Corp. (NASDAQ:MRLN) traded up 2.40% on Monday, hitting $23.88. The stock had a trading volume of 47,543 shares. Marlin Business Services Corp. has a 52 week low of $18.34 and a 52 week high of $29.58. The stock’s 50-day moving average is $26.38 and its 200-day moving average is $25.30. The company has a market cap of $310.3 million and a price-to-earnings ratio of 18.66.
Marlin Business Services Corp. (NASDAQ:MRLN) last issued its quarterly earnings data on Wednesday, February 5th. The company reported $0.28 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.37 by $0.09. On average, analysts predict that Marlin Business Services Corp. will post $1.63 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, February 27th. Stockholders of record on Monday, February 17th will be paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 1.84%. The ex-dividend date is Wednesday, February 12th.
A number of analysts have recently weighed in on MRLN shares. Analysts at Zacks downgraded shares of Marlin Business Services Corp. from a “neutral” rating to an “underperform” rating in a research note to investors on Monday. They now have a $22.20 price target on the stock. Separately, analysts at JMP Securities initiated coverage on shares of Marlin Business Services Corp. in a research note to investors on Thursday, January 16th. They set an “outperform” rating on the stock. Finally, analysts at Sidoti initiated coverage on shares of Marlin Business Services Corp. in a research note to investors on Tuesday, December 17th. They set a “buy” rating on the stock.
Marlin Business Services Corp. (NASDAQ:MRLN) is a bank holding company and a financial holding company.
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