Marlin Business Services Corp. (MRLN) Holdings Cut by Basswood Capital Management L.L.C.

Basswood Capital Management L.L.C. lessened its position in Marlin Business Services Corp. (NASDAQ:MRLN) by 2.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 706,546 shares of the financial services provider’s stock after selling 19,431 shares during the period. Basswood Capital Management L.L.C. owned 5.70% of Marlin Business Services worth $15,777,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Monarch Partners Asset Management LLC boosted its stake in shares of Marlin Business Services by 18.9% during the 4th quarter. Monarch Partners Asset Management LLC now owns 29,915 shares of the financial services provider’s stock valued at $668,000 after purchasing an additional 4,745 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Marlin Business Services by 0.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,045,039 shares of the financial services provider’s stock valued at $30,149,000 after purchasing an additional 8,863 shares in the last quarter. Globeflex Capital L P boosted its stake in shares of Marlin Business Services by 125.7% during the 3rd quarter. Globeflex Capital L P now owns 15,800 shares of the financial services provider’s stock valued at $456,000 after purchasing an additional 8,800 shares in the last quarter. Vanguard Group Inc boosted its stake in shares of Marlin Business Services by 5.8% during the 3rd quarter. Vanguard Group Inc now owns 423,347 shares of the financial services provider’s stock valued at $12,214,000 after purchasing an additional 23,343 shares in the last quarter. Finally, Vanguard Group Inc. boosted its stake in shares of Marlin Business Services by 5.8% during the 3rd quarter. Vanguard Group Inc. now owns 423,347 shares of the financial services provider’s stock valued at $12,214,000 after purchasing an additional 23,343 shares in the last quarter. 84.99% of the stock is currently owned by institutional investors and hedge funds.

A number of equities research analysts have recently weighed in on MRLN shares. Zacks Investment Research raised shares of Marlin Business Services from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a research note on Thursday, February 7th. BidaskClub raised shares of Marlin Business Services from a “sell” rating to a “hold” rating in a research note on Wednesday, January 2nd. Finally, ValuEngine raised shares of Marlin Business Services from a “sell” rating to a “hold” rating in a research note on Wednesday, January 2nd.

Shares of MRLN opened at $22.85 on Friday. The stock has a market cap of $283.36 million, a PE ratio of 11.20 and a beta of 1.06. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.15 and a current ratio of 0.15. Marlin Business Services Corp. has a 1-year low of $17.51 and a 1-year high of $31.95.

Marlin Business Services (NASDAQ:MRLN) last announced its earnings results on Thursday, January 31st. The financial services provider reported $0.51 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.02). Marlin Business Services had a net margin of 19.99% and a return on equity of 13.24%. The company had revenue of $23.68 million for the quarter, compared to the consensus estimate of $24.50 million. Research analysts expect that Marlin Business Services Corp. will post 2.31 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 21st. Investors of record on Monday, February 11th were given a dividend of $0.14 per share. The ex-dividend date was Friday, February 8th. This represents a $0.56 dividend on an annualized basis and a yield of 2.45%. Marlin Business Services’s dividend payout ratio (DPR) is currently 27.45%.

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Marlin Business Services Profile

Marlin Business Services Corp., through its subsidiaries, provides equipment financing solutions to small and mid-sized businesses in the United States. It finances approximately 100 categories of equipment, including commercial and industrial, restaurant, auto, medical, VOIP, and printing equipment, as well as computer software, copiers, cash registers, dental implant systems, and other commercial equipment.

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Institutional Ownership by Quarter for Marlin Business Services (NASDAQ:MRLN)

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