News coverage about Marlin Business Services Corp. (NASDAQ:MRLN) has been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies negative and positive media coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Marlin Business Services Corp. earned a daily sentiment score of 0.11 on Accern’s scale. Accern also gave news articles about the financial services provider an impact score of 44.9177168721221 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Several analysts recently issued reports on MRLN shares. Zacks Investment Research raised shares of Marlin Business Services Corp. from a “hold” rating to a “strong-buy” rating and set a $30.00 price target for the company in a research report on Thursday, August 3rd. BidaskClub downgraded shares of Marlin Business Services Corp. from a “hold” rating to a “sell” rating in a research report on Monday, July 24th. Finally, ValuEngine raised shares of Marlin Business Services Corp. from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd.
Marlin Business Services Corp. (NASDAQ MRLN) traded down 0.55% during trading on Monday, reaching $27.10. 27,267 shares of the company’s stock were exchanged. The stock has a market cap of $331.11 million, a PE ratio of 22.42 and a beta of 1.30. The firm has a 50 day moving average of $26.03 and a 200-day moving average of $25.34. Marlin Business Services Corp. has a 12 month low of $17.05 and a 12 month high of $27.55.
Marlin Business Services Corp. announced that its board has approved a share repurchase program on Tuesday, May 30th that authorizes the company to repurchase $10.00 million in outstanding shares. This repurchase authorization authorizes the financial services provider to repurchase up to 3.2% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s management believes its stock is undervalued.
In other news, General Counsel Edward Ralph Jr. Dietz sold 3,000 shares of the stock in a transaction on Wednesday, August 16th. The stock was sold at an average price of $25.01, for a total value of $75,030.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director James W. Wert sold 2,980 shares of the stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $25.42, for a total value of $75,751.60. The disclosure for this sale can be found here. Over the last three months, insiders sold 6,765 shares of company stock worth $170,799. Insiders own 6.94% of the company’s stock.
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Marlin Business Services Corp. Company Profile
Marlin Business Services Corp. is a bank holding company and a financial holding company. The Company is a provider of credit products and services to small businesses. The Company provides products and services to its customers, which include loans and leases for the acquisition of commercial equipment, working capital loans, and insurance products.
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