Marlin Business Services Corp. (MRLN) Shares Sold by California State Teachers Retirement System

California State Teachers Retirement System decreased its position in Marlin Business Services Corp. (NASDAQ:MRLN) by 4.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,570 shares of the financial services provider’s stock after selling 700 shares during the period. California State Teachers Retirement System owned approximately 0.12% of Marlin Business Services worth $392,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Alliancebernstein L.P. raised its stake in shares of Marlin Business Services by 0.8% during the 1st quarter. Alliancebernstein L.P. now owns 12,000 shares of the financial services provider’s stock valued at $309,000 after buying an additional 100 shares during the last quarter. Wells Fargo & Company MN raised its stake in shares of Marlin Business Services by 3.6% during the 2nd quarter. Wells Fargo & Company MN now owns 5,693 shares of the financial services provider’s stock valued at $143,000 after buying an additional 200 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in shares of Marlin Business Services by 1.2% during the 2nd quarter. PNC Financial Services Group Inc. now owns 17,664 shares of the financial services provider’s stock valued at $444,000 after buying an additional 216 shares during the last quarter. New York State Common Retirement Fund raised its stake in shares of Marlin Business Services by 4.5% during the 2nd quarter. New York State Common Retirement Fund now owns 14,520 shares of the financial services provider’s stock valued at $365,000 after buying an additional 619 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of Marlin Business Services by 1.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 76,366 shares of the financial services provider’s stock valued at $1,920,000 after buying an additional 903 shares during the last quarter. Institutional investors own 80.28% of the company’s stock.

Marlin Business Services Corp. (NASDAQ:MRLN) opened at $22.20 on Monday. Marlin Business Services Corp. has a 52 week low of $19.75 and a 52 week high of $29.95. The firm has a market capitalization of $277.70, a PE ratio of 15.74 and a beta of 1.22.

Marlin Business Services (NASDAQ:MRLN) last announced its quarterly earnings results on Thursday, October 26th. The financial services provider reported $0.31 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by ($0.11). Marlin Business Services had a net margin of 13.40% and a return on equity of 10.84%. The business had revenue of $23.14 million during the quarter, compared to analysts’ expectations of $23.60 million.

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 16th. Investors of record on Monday, November 6th were paid a $0.14 dividend. The ex-dividend date of this dividend was Friday, November 3rd. This represents a $0.56 annualized dividend and a dividend yield of 2.52%. Marlin Business Services’s dividend payout ratio is presently 50.00%.

A number of equities analysts have weighed in on the company. BidaskClub lowered Marlin Business Services from a “hold” rating to a “sell” rating in a research note on Thursday. Zacks Investment Research lowered Marlin Business Services from a “buy” rating to a “hold” rating in a research note on Tuesday, October 3rd.

ILLEGAL ACTIVITY WARNING: This report was first reported by Chaffey Breeze and is the property of of Chaffey Breeze. If you are viewing this report on another domain, it was copied illegally and reposted in violation of U.S. & international copyright law. The correct version of this report can be accessed at https://www.chaffeybreeze.com/2017/12/11/marlin-business-services-corp-mrln-shares-sold-by-california-state-teachers-retirement-system.html.

About Marlin Business Services

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.

Want to see what other hedge funds are holding MRLN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Marlin Business Services Corp. (NASDAQ:MRLN).

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

Receive News & Ratings for Marlin Business Services Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marlin Business Services Corp. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply