Marlin Business Services Corp. (MRLN) Posts Earnings Results, Beats Expectations By $0.01 EPS

Marlin Business Services Corp. (MRLN) Posts  Earnings Results, Beats Expectations By $0.01 EPS

Marlin Business Services Corp. (NASDAQ:MRLN) posted its quarterly earnings results on Thursday. The financial services provider reported $0.38 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.01. Marlin Business Services Corp. had a net margin of 17.28% and a return on equity of 11.10%.

Shares of Marlin Business Services Corp. (NASDAQ:MRLN) opened at 21.75 on Monday. Marlin Business Services Corp. has a 52-week low of $13.46 and a 52-week high of $22.92. The stock’s 50 day moving average is $21.42 and its 200-day moving average is $19.37. The firm has a market capitalization of $264.50 million, a P/E ratio of 15.76 and a beta of 1.32.

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 16th. Stockholders of record on Monday, February 6th will be given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.57%. This is an increase from Marlin Business Services Corp.’s previous quarterly dividend of $0.11. The ex-dividend date is Thursday, February 2nd. Marlin Business Services Corp.’s dividend payout ratio (DPR) is presently 40.58%.

Large investors have recently made changes to their positions in the stock. BlackRock Institutional Trust Company N.A. increased its stake in shares of Marlin Business Services Corp. by 0.4% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 528,116 shares of the financial services provider’s stock worth $8,608,000 after buying an additional 2,007 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Marlin Business Services Corp. by 0.4% in the second quarter. Vanguard Group Inc. now owns 339,117 shares of the financial services provider’s stock worth $5,527,000 after buying an additional 1,247 shares in the last quarter. BlackRock Fund Advisors increased its stake in shares of Marlin Business Services Corp. by 6.9% in the third quarter. BlackRock Fund Advisors now owns 233,396 shares of the financial services provider’s stock worth $4,523,000 after buying an additional 15,117 shares in the last quarter. Mutual of America Capital Management LLC increased its stake in shares of Marlin Business Services Corp. by 0.5% in the third quarter. Mutual of America Capital Management LLC now owns 208,127 shares of the financial services provider’s stock worth $4,034,000 after buying an additional 1,016 shares in the last quarter. Finally, Tieton Capital Management LLC acquired a new stake in shares of Marlin Business Services Corp. during the third quarter worth $4,019,000. 75.05% of the stock is owned by institutional investors and hedge funds.

Separately, Zacks Investment Research downgraded shares of Marlin Business Services Corp. from a “buy” rating to a “hold” rating in a research report on Tuesday, October 4th.

About Marlin Business Services Corp.

Marlin Business Services Corp. is a provider of equipment financing solutions primarily to small and mid-sized businesses. The Company finances over 100 categories of common-use commercial equipment, including copiers, computers and software, security systems, telecommunications equipment, and certain commercial and industrial equipment.

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