Marlin Business Services (MRLN) Downgraded to “Hold” at ValuEngine

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

MRLN has been the topic of several other reports. BidaskClub lowered shares of Marlin Business Services from a “hold” rating to a “sell” rating in a research note on Thursday, December 7th. Keefe, Bruyette & Woods assumed coverage on shares of Marlin Business Services in a research note on Tuesday, December 12th. They issued an “outperform” rating and a $26.00 price target on the stock. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $29.33.

Marlin Business Services (MRLN) traded up $0.55 during trading on Tuesday, hitting $27.05. 23,960 shares of the stock traded hands, compared to its average volume of 38,809. The firm has a market cap of $335.51, a price-to-earnings ratio of 13.46 and a beta of 1.19. Marlin Business Services has a one year low of $20.26 and a one year high of $29.95.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. BlackRock Inc. grew its stake in Marlin Business Services by 1.5% in the 4th quarter. BlackRock Inc. now owns 620,123 shares of the financial services provider’s stock valued at $13,891,000 after buying an additional 9,229 shares during the last quarter. Vanguard Group Inc. grew its stake in Marlin Business Services by 2.1% in the 2nd quarter. Vanguard Group Inc. now owns 351,979 shares of the financial services provider’s stock valued at $8,852,000 after buying an additional 7,320 shares during the last quarter. Mutual of America Capital Management LLC grew its stake in Marlin Business Services by 22.0% in the 4th quarter. Mutual of America Capital Management LLC now owns 281,566 shares of the financial services provider’s stock valued at $6,307,000 after buying an additional 50,865 shares during the last quarter. Renaissance Technologies LLC grew its stake in Marlin Business Services by 15.0% in the 4th quarter. Renaissance Technologies LLC now owns 250,500 shares of the financial services provider’s stock valued at $5,611,000 after buying an additional 32,700 shares during the last quarter. Finally, State Street Corp grew its stake in Marlin Business Services by 4.0% in the 2nd quarter. State Street Corp now owns 166,164 shares of the financial services provider’s stock valued at $4,180,000 after buying an additional 6,330 shares during the last quarter. Institutional investors and hedge funds own 80.16% of the company’s stock.

COPYRIGHT VIOLATION WARNING: This news story was first published by American Banking News and is owned by of American Banking News. If you are accessing this news story on another website, it was illegally copied and reposted in violation of U.S. & international copyright and trademark legislation. The original version of this news story can be accessed at https://www.americanbankingnews.com/2018/02/13/marlin-business-services-mrln-downgraded-to-hold-at-valuengine.html.

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Receive News & Ratings for Marlin Business Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marlin Business Services and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply