Zacks Investment Research upgraded shares of Marlin Business Services (NASDAQ:MRLN) from a hold rating to a buy rating in a report published on Thursday. Zacks Investment Research currently has $24.00 target price on the financial services provider’s stock.

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 topic of a number of other reports. ValuEngine lowered shares of Marlin Business Services from a hold rating to a sell rating in a research report on Thursday, January 17th. BidaskClub raised shares of Marlin Business Services from a hold rating to a buy rating in a research report on Saturday, October 13th.

Shares of NASDAQ:MRLN opened at $22.20 on Thursday. The company has a quick ratio of 0.15, a current ratio of 0.15 and a debt-to-equity ratio of 0.90. Marlin Business Services has a 12 month low of $17.51 and a 12 month high of $31.95. The stock has a market capitalization of $275.29 million, a P/E ratio of 10.88 and a beta of 0.93.

Marlin Business Services (NASDAQ:MRLN) last announced its quarterly earnings results on Thursday, January 31st. The financial services provider reported $0.51 EPS for the quarter, missing the Zacks’ consensus estimate of $0.53 by ($0.02). Marlin Business Services had a net margin of 19.99% and a return on equity of 13.41%. The business had revenue of $23.68 million during the quarter, compared to the consensus estimate of $24.50 million. On average, sell-side analysts forecast that Marlin Business Services will post 2.31 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 21st. Investors of record on Monday, February 11th will be given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 2.52%. The ex-dividend date of this dividend is Friday, February 8th. Marlin Business Services’s dividend payout ratio (DPR) is currently 27.45%.

Institutional investors have recently bought and sold shares of the stock. Bank of Montreal Can raised its position in Marlin Business Services by 438.4% in the 4th quarter. Bank of Montreal Can now owns 2,412 shares of the financial services provider’s stock worth $55,000 after purchasing an additional 1,964 shares during the period. Algert Global LLC purchased a new stake in Marlin Business Services in the 3rd quarter worth about $208,000. Rhumbline Advisers raised its position in Marlin Business Services by 38.7% in the 4th quarter. Rhumbline Advisers now owns 13,860 shares of the financial services provider’s stock worth $309,000 after purchasing an additional 3,865 shares during the period. First Trust Advisors LP increased its position in shares of Marlin Business Services by 41.7% during the third quarter. First Trust Advisors LP now owns 14,358 shares of the financial services provider’s stock worth $414,000 after acquiring an additional 4,225 shares during the period. Finally, Globeflex Capital L P increased its position in shares of Marlin Business Services by 125.7% during the third quarter. Globeflex Capital L P now owns 15,800 shares of the financial services provider’s stock worth $456,000 after acquiring an additional 8,800 shares during the period. 83.57% of the stock is currently owned by institutional investors.

About Marlin Business Services

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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