Millennium Management LLC purchased a new stake in shares of Marlin Business Services Corp. (NASDAQ:MRLN) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund purchased 19,677 shares of the financial services provider’s stock, valued at approximately $587,000. Millennium Management LLC owned about 0.16% of Marlin Business Services at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Signaturefd LLC bought a new stake in shares of Marlin Business Services during the 2nd quarter valued at approximately $140,000. Globeflex Capital L P grew its holdings in shares of Marlin Business Services by 438.5% during the 2nd quarter. Globeflex Capital L P now owns 7,000 shares of the financial services provider’s stock valued at $209,000 after purchasing an additional 5,700 shares during the last quarter. Bessemer Group Inc. grew its holdings in shares of Marlin Business Services by 19.8% during the 2nd quarter. Bessemer Group Inc. now owns 12,100 shares of the financial services provider’s stock valued at $361,000 after purchasing an additional 2,000 shares during the last quarter. Strs Ohio grew its holdings in shares of Marlin Business Services by 15.9% during the 2nd quarter. Strs Ohio now owns 23,300 shares of the financial services provider’s stock valued at $695,000 after purchasing an additional 3,200 shares during the last quarter. Finally, Wedge Capital Management L L P NC bought a new stake in shares of Marlin Business Services during the 2nd quarter valued at approximately $767,000. 82.77% of the stock is currently owned by institutional investors.

Shares of Marlin Business Services stock opened at $25.77 on Friday. Marlin Business Services Corp. has a 1 year low of $21.15 and a 1 year high of $31.95. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.12 and a current ratio of 0.15. The company has a market cap of $330.72 million, a P/E ratio of 17.18 and a beta of 0.90.

Marlin Business Services (NASDAQ:MRLN) last posted its earnings results on Thursday, November 1st. The financial services provider reported $0.51 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.02. Marlin Business Services had a net margin of 28.62% and a return on equity of 13.36%. The firm had revenue of $23.81 million for the quarter, compared to analyst estimates of $24.10 million. Equities research analysts forecast that Marlin Business Services Corp. 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. Shareholders of record on Monday, November 12th will be issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 2.17%. This is a positive change from Marlin Business Services’s previous quarterly dividend of $0.11. The ex-dividend date is Friday, November 9th. Marlin Business Services’s payout ratio is presently 37.33%.

Several brokerages recently issued reports on MRLN. Zacks Investment Research lowered shares of Marlin Business Services from a “hold” rating to a “strong sell” rating in a report on Thursday, August 9th. ValuEngine lowered shares of Marlin Business Services from a “buy” rating to a “hold” rating in a report on Thursday, August 2nd. Finally, BidaskClub lowered shares of Marlin Business Services from a “buy” rating to a “hold” rating in a report on Saturday, July 14th.

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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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Institutional Ownership by Quarter for Marlin Business Services (NASDAQ:MRLN)

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