Short Interest in Marlin Business Services Corp. (NASDAQ:MRLN) Decreases By 22.0%

Marlin Business Services Corp. (NASDAQ:MRLN) was the target of a large decrease in short interest during the month of August. As of August 31st, there was short interest totalling 71,700 shares, a decrease of 22.0% from the August 15th total of 91,900 shares. Approximately 0.7% of the shares of the stock are sold short. Based on an average trading volume of 33,200 shares, the days-to-cover ratio is presently 2.2 days.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Marshall Wace LLP purchased a new position in shares of Marlin Business Services in the 2nd quarter worth about $245,000. Morgan Stanley boosted its holdings in Marlin Business Services by 280.0% during the 2nd quarter. Morgan Stanley now owns 1,744 shares of the financial services provider’s stock valued at $39,000 after acquiring an additional 1,285 shares during the period. Invesco Ltd. boosted its holdings in Marlin Business Services by 21.8% during the 2nd quarter. Invesco Ltd. now owns 25,514 shares of the financial services provider’s stock valued at $580,000 after acquiring an additional 4,559 shares during the period. Man Group plc purchased a new stake in Marlin Business Services during the 2nd quarter valued at about $4,471,000. Finally, Odey Asset Management Group Ltd purchased a new stake in Marlin Business Services during the 2nd quarter valued at about $2,506,000. Hedge funds and other institutional investors own 81.03% of the company’s stock.

NASDAQ MRLN traded up $0.03 during trading on Tuesday, reaching $22.10. The company’s stock had a trading volume of 99,288 shares, compared to its average volume of 60,503. The stock has a market capitalization of $265.77 million, a PE ratio of 7.57 and a beta of 1.13. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.17 and a quick ratio of 0.17. The firm has a fifty day moving average of $22.42 and a 200 day moving average of $20.75. Marlin Business Services has a one year low of $6.67 and a one year high of $23.24.

Marlin Business Services (NASDAQ:MRLN) last posted its quarterly earnings data on Thursday, July 29th. The financial services provider reported $1.00 earnings per share (EPS) for the quarter. Marlin Business Services had a return on equity of 18.98% and a net margin of 39.87%. The firm had revenue of $17.17 million during the quarter.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 19th. Stockholders of record on Monday, August 9th were issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.53%. The ex-dividend date was Friday, August 6th.

Marlin Business Services Company Profile

Marlin Business Services Corp. provides credit products and services to small businesses. Its products and services include loans and leases for the acquisition of commercial equipment and working capital loans. The company was founded on August 5, 2003 and is headquartered in Mount Laurel, NJ.

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