Marlin Business Services Corp. (MRLN) Shares Gap Up to $18.52
Marlin Business Services Corp. (NASDAQ:MRLN) shares gapped up before the market opened on Wednesday . The stock had previously closed at $18.51, but opened at $18.52. Marlin Business Services Corp. shares last traded at $18.99, with a volume of 16,781 shares trading hands.
MRLN has been the topic of a number of recent research reports. Zacks Investment Research cut shares of Marlin Business Services Corp. from a “hold” rating to a “sell” rating in a research report on Wednesday, May 4th. TheStreet upgraded shares of Marlin Business Services Corp. from a “hold” rating to a “buy” rating in a research report on Wednesday, August 17th.
The stock has a 50-day moving average of $18.11 and a 200 day moving average of $15.60. The stock has a market cap of $228.33 million and a PE ratio of 14.92.
Marlin Business Services Corp. (NASDAQ:MRLN) last announced its quarterly earnings data on Thursday, July 28th. The financial services provider reported $0.36 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.33 by $0.03. On average, equities analysts forecast that Marlin Business Services Corp. will post $1.38 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 18th. Investors of record on Monday, August 8th were paid a dividend of $0.14 per share. The ex-dividend date was Thursday, August 4th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.98%. This is a positive change from Marlin Business Services Corp.’s previous quarterly dividend of $0.11.
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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