Shares of Marlin Business Services Corp. (NASDAQ:MRLN) have received a consensus broker rating score of 3.00 (Hold) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One analyst has rated the stock with a hold rating.

Zacks has also given Marlin Business Services Corp. an industry rank of 167 out of 265 based on the ratings given to its competitors.

MRLN has been the subject of a number of research analyst reports. ValuEngine upgraded shares of Marlin Business Services Corp. from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Zacks Investment Research upgraded shares of Marlin Business Services Corp. from a “sell” rating to a “hold” rating in a report on Tuesday, July 4th. Finally, BidaskClub upgraded shares of Marlin Business Services Corp. from a “sell” rating to a “hold” rating in a report on Wednesday, August 2nd.

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Marlin Business Services Corp. (NASDAQ MRLN) traded down 0.58% on Friday, hitting $25.55. 18,191 shares of the company’s stock traded hands. Marlin Business Services Corp. has a one year low of $17.05 and a one year high of $26.70. The stock has a 50-day moving average of $25.30 and a 200-day moving average of $25.05. The stock has a market cap of $312.17 million, a PE ratio of 21.13 and a beta of 1.31.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 17th. Investors of record on Monday, August 7th were paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 2.19%. This is a boost from Marlin Business Services Corp.’s previous quarterly dividend of $0.11. The ex-dividend date of this dividend was Thursday, August 3rd. Marlin Business Services Corp.’s dividend payout ratio is presently 46.28%.

Marlin Business Services Corp. announced that its Board of Directors has approved a share buyback plan on Tuesday, May 30th that allows the company to repurchase $10.00 million in outstanding shares. This repurchase authorization allows the financial services provider to repurchase up to 3.2% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s management believes its shares are undervalued.

In related news, General Counsel Edward Ralph Jr. Dietz sold 3,000 shares of the stock in a transaction dated Wednesday, August 16th. The shares were sold at an average price of $25.01, for a total value of $75,030.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director James W. Wert sold 2,980 shares of the stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $25.42, for a total transaction of $75,751.60. The disclosure for this sale can be found here. 6.94% of the stock is currently owned by corporate insiders.

A number of large investors have recently modified their holdings of the stock. American International Group Inc. boosted its stake in shares of Marlin Business Services Corp. by 7.1% in the first quarter. American International Group Inc. now owns 5,102 shares of the financial services provider’s stock worth $131,000 after buying an additional 339 shares during the last quarter. Wells Fargo & Company MN boosted its stake in shares of Marlin Business Services Corp. by 3.6% in the second quarter. Wells Fargo & Company MN now owns 5,693 shares of the financial services provider’s stock worth $143,000 after buying an additional 200 shares during the last quarter. Cornerstone Capital Management Holdings LLC. boosted its stake in shares of Marlin Business Services Corp. by 168.0% in the second quarter. Cornerstone Capital Management Holdings LLC. now owns 6,222 shares of the financial services provider’s stock worth $156,000 after buying an additional 3,900 shares during the last quarter. TFS Capital LLC acquired a new stake in shares of Marlin Business Services Corp. during the first quarter worth approximately $210,000. Finally, The Manufacturers Life Insurance Company boosted its stake in shares of Marlin Business Services Corp. by 14.7% in the second quarter. The Manufacturers Life Insurance Company now owns 8,463 shares of the financial services provider’s stock worth $213,000 after buying an additional 1,086 shares during the last quarter. 77.50% of the stock is currently owned by hedge funds and other institutional investors.

Marlin Business Services Corp. 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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