CenterBook Partners LP Purchases 179,570 Shares of MeridianLink, Inc. (NYSE:MLNK)

CenterBook Partners LP raised its holdings in shares of MeridianLink, Inc. (NYSE:MLNK) by 111.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 340,287 shares of the company’s stock after buying an additional 179,570 shares during the quarter. CenterBook Partners LP owned about 0.45% of MeridianLink worth $7,027,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the business. Geode Capital Management LLC grew its stake in MeridianLink by 12.2% in the 3rd quarter. Geode Capital Management LLC now owns 603,443 shares of the company’s stock worth $12,415,000 after buying an additional 65,834 shares in the last quarter. Barclays PLC increased its stake in MeridianLink by 342.1% in the third quarter. Barclays PLC now owns 42,399 shares of the company’s stock valued at $872,000 after acquiring an additional 32,808 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in MeridianLink by 123.6% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 398,389 shares of the company’s stock worth $8,227,000 after purchasing an additional 220,240 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of MeridianLink by 24.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 218,104 shares of the company’s stock worth $4,486,000 after purchasing an additional 42,302 shares in the last quarter. Finally, Counterpoint Mutual Funds LLC purchased a new position in shares of MeridianLink in the 4th quarter worth about $384,000. 82.65% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

MLNK has been the topic of a number of recent research reports. UBS Group reduced their price target on shares of MeridianLink from $25.50 to $20.50 and set a “neutral” rating on the stock in a research report on Tuesday, March 4th. Raymond James cut their price target on shares of MeridianLink from $28.00 to $24.00 and set an “outperform” rating for the company in a research report on Friday, March 7th. Bank of America cut MeridianLink from a “buy” rating to an “underperform” rating and dropped their target price for the company from $28.00 to $18.00 in a report on Thursday, January 30th. William Blair reaffirmed an “outperform” rating on shares of MeridianLink in a research note on Friday, March 7th. Finally, Barclays dropped their price objective on MeridianLink from $20.00 to $19.00 and set an “underweight” rating for the company in a research note on Friday, March 7th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $20.58.

MeridianLink Stock Down 1.9 %

MLNK stock opened at $16.13 on Wednesday. The company has a market capitalization of $1.24 billion, a price-to-earnings ratio of -24.08 and a beta of 0.96. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.86 and a current ratio of 1.86. The business’s 50 day moving average price is $18.81 and its two-hundred day moving average price is $20.59. MeridianLink, Inc. has a fifty-two week low of $15.57 and a fifty-two week high of $25.33.

About MeridianLink

MeridianLink, Inc, a software and services company, provides software solutions for banks, credit unions, mortgage lenders, specialty lending providers, and consumer reporting agencies in the United States. The company offers MeridianLink One, a multi-product platform that can be tailored to meet the needs of customers as they digitally transform their organizations and adapt to changing business and consumer demands; MeridianLink Portal, a Point of Sale system that allows financial institutions to expand existing lending and deposit account; MeridianLink Opening, a cloud-based online account opening and deposit software solution; MeridianLink Consumer, a full loan solution suite to banks and credit unions; and MeridianLink DecisionLender, a loan origination software (LOS) for finance companies.