Western Standard LLC lifted its stake in shares of Marlin Business Services Corp. (NASDAQ:MRLN) by 12.2% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 192,790 shares of the financial services provider’s stock after purchasing an additional 21,034 shares during the quarter. Marlin Business Services Corp. comprises about 6.6% of Western Standard LLC’s investment portfolio, making the stock its 4th largest position. Western Standard LLC owned approximately 1.54% of Marlin Business Services Corp. worth $4,849,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of MRLN. Nationwide Fund Advisors increased its holdings in shares of Marlin Business Services Corp. by 47.2% in the 1st quarter. Nationwide Fund Advisors now owns 17,345 shares of the financial services provider’s stock valued at $447,000 after purchasing an additional 5,559 shares in the last quarter. Russell Investments Group Ltd. lifted its stake in shares of Marlin Business Services Corp. by 31.9% in the first quarter. Russell Investments Group Ltd. now owns 54,781 shares of the financial services provider’s stock valued at $1,410,000 after purchasing an additional 13,263 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of Marlin Business Services Corp. by 4.8% in the first quarter. Bank of New York Mellon Corp now owns 75,463 shares of the financial services provider’s stock valued at $1,943,000 after purchasing an additional 3,462 shares during the period. Trexquant Investment LP purchased a new stake in Marlin Business Services Corp. during the first quarter worth about $274,000. Finally, Oxford Asset Management purchased a new stake in Marlin Business Services Corp. during the first quarter worth about $446,000. 79.11% of the stock is currently owned by institutional investors and hedge funds.

Marlin Business Services Corp. (NASDAQ:MRLN) traded up 0.70% during trading on Wednesday, reaching $28.70. The company had a trading volume of 8,879 shares. Marlin Business Services Corp. has a 52-week low of $17.05 and a 52-week high of $29.40. The firm has a market capitalization of $350.66 million, a P/E ratio of 23.74 and a beta of 1.24. The company has a 50-day moving average of $26.97 and a 200-day moving average of $25.64.

Several research analysts have weighed in on MRLN shares. Zacks Investment Research upgraded shares of Marlin Business Services Corp. from a “hold” rating to a “strong-buy” rating and set a $30.00 target price on the stock in a research report on Thursday, August 3rd. BidaskClub cut shares of Marlin Business Services Corp. from a “hold” rating to a “sell” rating in a report on Monday, July 24th.

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In other news, General Counsel Edward Ralph Jr. Dietz sold 3,000 shares of Marlin Business Services Corp. stock in a transaction on Wednesday, August 16th. The stock was sold at an average price of $25.01, for a total transaction of $75,030.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director James W. Wert sold 2,980 shares of the business’s stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $25.42, for a total value of $75,751.60. The disclosure for this sale can be found here. Insiders have sold a total of 6,765 shares of company stock worth $170,799 over the last 90 days. 6.94% of the stock is owned by insiders.

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

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