Marlin Business Services (MRLN) Upgraded by Zacks Investment Research to Strong-Buy

Marlin Business Services (NASDAQ:MRLN) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Wednesday. The firm presently has a $30.00 price objective on the financial services provider’s stock. Zacks Investment Research‘s price target suggests a potential upside of 10.91% 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. “

MRLN has been the subject of several other reports. BidaskClub cut Marlin Business Services from a “hold” rating to a “sell” rating in a research note on Thursday, December 7th. Keefe, Bruyette & Woods restated a “buy” rating and set a $29.00 target price on shares of Marlin Business Services in a research note on Friday, December 22nd. Finally, ValuEngine cut Marlin Business Services from a “buy” rating to a “hold” rating in a research note on Tuesday. Two investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $29.33.

Shares of Marlin Business Services (MRLN) opened at $27.05 on Wednesday. Marlin Business Services has a 12 month low of $20.26 and a 12 month high of $29.95. The firm has a market capitalization of $329.91, a price-to-earnings ratio of 17.67 and a beta of 1.19.

Several institutional investors and hedge funds have recently made changes to their positions in MRLN. Bessemer Group Inc. bought a new position in shares of Marlin Business Services in the 4th quarter valued at $130,000. Wells Fargo & Company MN lifted its stake in shares of Marlin Business Services by 3.6% in the 2nd quarter. Wells Fargo & Company MN now owns 5,693 shares of the financial services provider’s stock valued at $143,000 after acquiring an additional 200 shares during the last quarter. Cornerstone Capital Management Holdings LLC. lifted its stake in shares of Marlin Business Services by 168.0% in the 2nd quarter. Cornerstone Capital Management Holdings LLC. now owns 6,222 shares of the financial services provider’s stock valued at $156,000 after acquiring an additional 3,900 shares during the last quarter. SG Americas Securities LLC bought a new position in shares of Marlin Business Services in the 4th quarter valued at $159,000. Finally, Tower Research Capital LLC TRC lifted its stake in shares of Marlin Business Services by 361.5% in the 4th quarter. Tower Research Capital LLC TRC now owns 7,799 shares of the financial services provider’s stock valued at $175,000 after acquiring an additional 6,109 shares during the last quarter. Institutional investors own 80.16% of the company’s stock.

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About Marlin Business Services

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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