Marlin Business Services (NASDAQ:MRLN) was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research report issued on Wednesday.

A number of other research firms have also commented on MRLN. ValuEngine upgraded Marlin Business Services from a “sell” rating to a “hold” rating in a research report on Wednesday, January 2nd. Zacks Investment Research lowered Marlin Business Services from a “buy” rating to a “hold” rating in a research report on Tuesday, January 8th.

NASDAQ MRLN opened at $22.71 on Wednesday. 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 $283.35 million, a price-to-earnings ratio of 11.13 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 (NASDAQ:MRLN) last released its quarterly earnings results on Thursday, January 31st. The financial services provider reported $0.51 EPS 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 13.41%. The company had revenue of $23.68 million during the quarter, compared to the consensus estimate of $24.50 million. Equities research analysts expect that Marlin Business Services will post 2.31 EPS for the current year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MRLN. Northern Trust Corp grew its position in shares of Marlin Business Services by 1.9% in the 2nd quarter. Northern Trust Corp now owns 153,532 shares of the financial services provider’s stock valued at $4,583,000 after buying an additional 2,873 shares during the last quarter. First Trust Advisors LP lifted its stake in shares of Marlin Business Services by 41.7% in the 3rd quarter. First Trust Advisors LP now owns 14,358 shares of the financial services provider’s stock valued at $414,000 after purchasing an additional 4,225 shares during the period. Martingale Asset Management L P lifted its stake in shares of Marlin Business Services by 5.0% in the 3rd quarter. Martingale Asset Management L P now owns 50,521 shares of the financial services provider’s stock valued at $1,458,000 after purchasing an additional 2,404 shares during the period. BlackRock Inc. lifted its stake in shares of Marlin Business Services by 0.3% in the 3rd quarter. BlackRock Inc. now owns 645,002 shares of the financial services provider’s stock valued at $18,607,000 after purchasing an additional 2,054 shares during the period. Finally, Globeflex Capital L P lifted its stake in shares of Marlin Business Services by 125.7% in 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 during the period. Hedge funds and other institutional investors own 84.99% of the company’s stock.

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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