Insider Selling: Marlin Business Services Corp. Director Sells 1,500 Shares of Stock (MRLN)
Marlin Business Services Corp. (NASDAQ:MRLN) Director Kevin J. Mcginty unloaded 1,500 shares of the stock on the open market in a transaction dated Monday, May 12th. The stock was sold at an average price of $20.29, for a total value of $30,435.00. Following the completion of the sale, the director now directly owns 100,282 shares in the company, valued at approximately $2,034,722. The sale was disclosed in a legal filing with the SEC, which is available at this link.
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 on Tuesday. They now have a $19.40 price target on the stock. Separately, analysts at JMP Securities cut their price target on shares of Marlin Business Services Corp. from $31.50 to $29.00 in a research note on Friday, May 2nd. They now have a “market outperform” rating on the stock.
Shares of Marlin Business Services Corp. (NASDAQ:MRLN) traded down 3.16% during mid-day trading on Wednesday, hitting $19.62. The stock had a trading volume of 24,052 shares. Marlin Business Services Corp. has a 1-year low of $17.10 and a 1-year high of $29.58. The stock has a 50-day moving average of $19.84 and a 200-day moving average of $23.52. The company has a market cap of $247.6 million and a P/E ratio of 15.23.
Marlin Business Services Corp. (NASDAQ:MRLN) last announced its earnings results on Wednesday, April 30th. The company reported $0.36 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.36. On average, analysts predict that Marlin Business Services Corp. will post $1.53 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, May 22nd. Stockholders of record on Monday, May 12th will be paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 2.24%. The ex-dividend date is Thursday, May 8th.
Marlin Business Services Corp. (NASDAQ:MRLN) is a bank holding company and a financial holding company.
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