Marlin Business Services (NASDAQ:MRLN) was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Thursday.

Separately, Zacks Investment Research downgraded shares of Marlin Business Services from a “buy” rating to a “hold” rating in a research report on Tuesday, October 3rd.

Shares of Marlin Business Services (NASDAQ:MRLN) traded down $0.15 on Thursday, hitting $22.55. 16,618 shares of the stock were exchanged, compared to its average volume of 30,601. The company has a market cap of $287.71, a price-to-earnings ratio of 16.31 and a beta of 1.22. Marlin Business Services has a 1 year low of $19.75 and a 1 year high of $29.95.

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

Several large investors have recently added to or reduced their stakes in the company. California Public Employees Retirement System grew its position in shares of Marlin Business Services by 14.0% in the 3rd quarter. California Public Employees Retirement System now owns 80,041 shares of the financial services provider’s stock worth $2,301,000 after buying an additional 9,841 shares during the period. Kestrel Investment Management Corp purchased a new stake in Marlin Business Services during the 3rd quarter valued at about $3,134,000. Wells Fargo & Company MN grew its position in Marlin Business Services by 61.8% during the 3rd quarter. Wells Fargo & Company MN now owns 9,214 shares of the financial services provider’s stock valued at $265,000 after purchasing an additional 3,521 shares during the last quarter. Russell Investments Group Ltd. grew its position in Marlin Business Services by 6.2% during the 3rd quarter. Russell Investments Group Ltd. now owns 51,069 shares of the financial services provider’s stock valued at $1,469,000 after purchasing an additional 2,994 shares during the last quarter. Finally, First Trust Advisors LP purchased a new stake in Marlin Business Services during the 3rd quarter valued at about $205,000. 80.28% of the stock is currently owned by hedge funds and other institutional investors.

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Marlin Business Services Company 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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