Zacks Investment Research upgraded shares of Marlin Business Services (NASDAQ:MRLN) from a sell rating to a hold rating in a research note published on Wednesday morning. Zacks Investment Research currently has $30.00 price objective 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. “

Several other equities analysts have also commented on the company. BidaskClub lowered Marlin Business Services from a buy rating to a hold rating in a report on Friday, November 2nd. ValuEngine lowered Marlin Business Services from a buy rating to a hold rating in a report on Thursday, August 2nd.

NASDAQ:MRLN traded down $0.77 during trading hours on Wednesday, hitting $25.77. The company’s stock had a trading volume of 7,900 shares, compared to its average volume of 13,398. The firm has a market capitalization of $330.72 million, a PE ratio of 17.18 and a beta of 0.90. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.15 and a quick ratio of 0.12. Marlin Business Services has a 52-week low of $21.15 and a 52-week high of $31.95.

Marlin Business Services (NASDAQ:MRLN) last posted its earnings results on Thursday, November 1st. The financial services provider reported $0.51 EPS for the quarter, beating the consensus estimate of $0.49 by $0.02. The firm had revenue of $23.81 million for the quarter, compared to analyst estimates of $24.10 million. Marlin Business Services had a return on equity of 13.36% and a net margin of 28.62%. As a group, equities analysts anticipate that Marlin Business Services will post 2.06 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 23rd. Investors of record on Monday, November 12th will be issued a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 2.17%. The ex-dividend date of this dividend is Friday, November 9th. This is a positive change from Marlin Business Services’s previous quarterly dividend of $0.11. Marlin Business Services’s dividend payout ratio is 37.33%.

A number of large investors have recently bought and sold shares of MRLN. Renaissance Technologies LLC increased its holdings in Marlin Business Services by 14.0% in the second quarter. Renaissance Technologies LLC now owns 319,200 shares of the financial services provider’s stock valued at $9,528,000 after buying an additional 39,186 shares during the last quarter. Acadian Asset Management LLC purchased a new position in shares of Marlin Business Services during the second quarter worth about $1,040,000. Emerald Mutual Fund Advisers Trust grew its holdings in shares of Marlin Business Services by 42.4% during the second quarter. Emerald Mutual Fund Advisers Trust now owns 96,527 shares of the financial services provider’s stock worth $2,881,000 after purchasing an additional 28,741 shares during the last quarter. Wedge Capital Management L L P NC purchased a new position in shares of Marlin Business Services during the second quarter worth about $767,000. Finally, BlackRock Inc. grew its holdings in shares of Marlin Business Services by 4.1% during the second quarter. BlackRock Inc. now owns 642,948 shares of the financial services provider’s stock worth $19,192,000 after purchasing an additional 25,373 shares during the last quarter. 82.77% of the stock is currently owned by hedge funds and other institutional investors.

Marlin Business Services Company Profile

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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