Marlin Business Services Corp. (NASDAQ:MRLN) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Wednesday. The firm presently has a $20.00 target price on the financial services provider’s stock. Zacks Investment Research’s target price would indicate a potential upside of 10.93% from the company’s previous close.

According to Zacks, “Marlin Business Services Corp is a nationwide provider of equipment leasing solutions primarily to small businesses. Marlin finances over 60 categories of commercial equipment, including copiers, telephone systems, computers and certain commercial and industrial equipment. “

Separately, TheStreet upgraded shares of Marlin Business Services Corp. from a “hold” rating to a “buy” rating in a research report on Wednesday, August 17th.

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Shares of Marlin Business Services Corp. (NASDAQ:MRLN) opened at 18.03 on Wednesday. The stock has a 50 day moving average price of $18.38 and a 200 day moving average price of $16.05. Marlin Business Services Corp. has a 52 week low of $13.46 and a 52 week high of $19.29. The firm has a market capitalization of $218.97 million, a P/E ratio of 14.31 and a beta of 1.17.

Marlin Business Services Corp. (NASDAQ:MRLN) last announced its earnings results on Thursday, July 28th. The financial services provider reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.03. Marlin Business Services Corp. had a net margin of 17.07% and a return on equity of 11.72%. Analysts forecast that Marlin Business Services Corp. will post $1.38 EPS for the current year.

In other Marlin Business Services Corp. news, insider Edward John Siciliano sold 8,160 shares of the company’s stock in a transaction dated Wednesday, September 7th. The shares were sold at an average price of $19.07, for a total transaction of $155,611.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Willem Mesdag purchased 25,000 shares of the business’s stock in a transaction on Friday, September 9th. The shares were acquired at an average price of $18.99 per share, with a total value of $474,750.00. The disclosure for this purchase can be found here. Company insiders own 10.71% of the company’s stock.

A number of hedge funds have recently bought and sold shares of MRLN. Rhumbline Advisers raised its stake in Marlin Business Services Corp. by 1.4% in the second quarter. Rhumbline Advisers now owns 16,477 shares of the financial services provider’s stock valued at $269,000 after buying an additional 225 shares during the last quarter. Parametric Portfolio Associates LLC raised its stake in Marlin Business Services Corp. by 1.3% in the second quarter. Parametric Portfolio Associates LLC now owns 30,435 shares of the financial services provider’s stock valued at $496,000 after buying an additional 391 shares during the last quarter. Alliancebernstein L.P. raised its stake in Marlin Business Services Corp. by 3.5% in the second quarter. Alliancebernstein L.P. now owns 11,700 shares of the financial services provider’s stock valued at $191,000 after buying an additional 400 shares during the last quarter. Vanguard Group Inc. raised its stake in Marlin Business Services Corp. by 0.4% in the second quarter. Vanguard Group Inc. now owns 339,117 shares of the financial services provider’s stock valued at $5,527,000 after buying an additional 1,247 shares during the last quarter. Finally, BlackRock Advisors LLC raised its stake in Marlin Business Services Corp. by 6.6% in the second quarter. BlackRock Advisors LLC now owns 23,435 shares of the financial services provider’s stock valued at $382,000 after buying an additional 1,445 shares during the last quarter. Institutional investors and hedge funds own 72.75% of the company’s stock.

Marlin Business Services Corp. Company Profile

Marlin Business Services Corp. is a provider of equipment financing solutions primarily to small and mid-sized businesses. The Company finances over 100 categories of common-use commercial equipment, including copiers, computers and software, security systems, telecommunications equipment, and certain commercial and industrial equipment.

5 Day Chart for NASDAQ:MRLN

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