Shares of Marlin Business Services Corp. (NASDAQ:MRLN) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $13.53 and traded as high as $22.77. Marlin Business Services shares last traded at $22.30, with a volume of 77,952 shares changing hands.
The stock has a market cap of $269.48 million, a PE ratio of -38.48 and a beta of 0.98. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.24 and a current ratio of 0.24. The company’s 50-day moving average price is $17.48 and its 200 day moving average price is $13.60.
Marlin Business Services (NASDAQ:MRLN) last released its quarterly earnings results on Thursday, April 29th. The financial services provider reported $0.57 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.05) by $0.62. Marlin Business Services had a negative net margin of 4.76% and a negative return on equity of 1.77%.
Hedge funds and other institutional investors have recently made changes to their positions in the business. UBS Group AG raised its position in Marlin Business Services by 245.7% in the first quarter. UBS Group AG now owns 2,285 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 1,624 shares during the period. BNP Paribas Arbitrage SA raised its position in Marlin Business Services by 27.0% in the first quarter. BNP Paribas Arbitrage SA now owns 4,472 shares of the financial services provider’s stock valued at $61,000 after purchasing an additional 952 shares during the period. Panagora Asset Management Inc. raised its position in Marlin Business Services by 1,079.2% in the first quarter. Panagora Asset Management Inc. now owns 11,344 shares of the financial services provider’s stock valued at $155,000 after purchasing an additional 10,382 shares during the period. Marshall Wace LLP purchased a new stake in Marlin Business Services in the first quarter valued at approximately $250,000. Finally, Rhumbline Advisers raised its position in Marlin Business Services by 12.2% in the fourth quarter. Rhumbline Advisers now owns 16,047 shares of the financial services provider’s stock valued at $196,000 after purchasing an additional 1,747 shares during the period. 80.16% of the stock is currently owned by institutional investors.
About Marlin Business Services (NASDAQ:MRLN)
Marlin Business Services Corp. provides credit products and services to small and mid-sized businesses in the United States. The company's products and services include loans and leases for the acquisition of commercial equipment and working capital loans. It offers lease finance to approximately 100 categories of equipment.
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