Zacks Investment Research cut shares of Marlin Business Services Corp. (NASDAQ:MRLN) from a buy rating to a hold rating in a research report released on Tuesday.

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. “

Separately, TheStreet raised shares of Marlin Business Services Corp. from a hold rating to a buy rating in a research report on Wednesday, August 17th.

Marlin Business Services Corp. (NASDAQ:MRLN) opened at 18.76 on Tuesday. The company has a market cap of $227.84 million, a price-to-earnings ratio of 14.89 and a beta of 1.17. The firm’s 50-day moving average is $18.39 and its 200 day moving average is $16.09. Marlin Business Services Corp. has a 52-week low of $13.46 and a 52-week high of $19.29.

Marlin Business Services Corp. (NASDAQ:MRLN) last posted its quarterly earnings results on Thursday, July 28th. The financial services provider reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.03. Marlin Business Services Corp. had a net margin of 17.07% and a return on equity of 11.72%. On average, equities research analysts predict that Marlin Business Services Corp. will post $1.38 EPS for the current fiscal year.

In other news, insider Edward John Siciliano sold 8,160 shares of Marlin Business Services Corp. stock in a transaction that occurred on Wednesday, September 7th. The shares were sold at an average price of $19.07, for a total transaction of $155,611.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider James Sherlock sold 2,221 shares of Marlin Business Services Corp. stock in a transaction that occurred on Monday, September 12th. The shares were sold at an average price of $18.84, for a total transaction of $41,843.64. The disclosure for this sale can be found here. Insiders own 10.71% of the company’s stock.

Several institutional investors have recently bought and sold shares of the stock. O Shaughnessy Asset Management LLC raised its stake in shares of Marlin Business Services Corp. by 294.2% in the second quarter. O Shaughnessy Asset Management LLC now owns 6,831 shares of the financial services provider’s stock valued at $111,000 after buying an additional 5,098 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. bought a new stake in shares of Marlin Business Services Corp. during the second quarter valued at approximately $168,000. Alliancebernstein L.P. raised its stake in shares of Marlin Business Services Corp. by 3.5% in the second quarter. Alliancebernstein L.P. now owns 11,700 shares of the financial services provider’s stock valued at $191,000 after buying an additional 400 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in shares of Marlin Business Services Corp. by 99.6% in the second quarter. PNC Financial Services Group Inc. now owns 12,016 shares of the financial services provider’s stock valued at $195,000 after buying an additional 5,995 shares during the last quarter. Finally, Acrospire Investment Management LLC bought a new stake in shares of Marlin Business Services Corp. during the first quarter valued at approximately $240,000. 72.75% of the stock is owned by hedge funds and other institutional investors.

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.

5 Day Chart for NASDAQ:MRLN

Get a free copy of the Zacks research report on Marlin Business Services Corp. (MRLN)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Marlin Business Services Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marlin Business Services Corp. and related companies with MarketBeat.com's FREE daily email newsletter.