Public Employees Retirement System of Ohio Sells 437 Shares of Marlin Business Services Corp. (NASDAQ:MRLN)

Public Employees Retirement System of Ohio decreased its position in shares of Marlin Business Services Corp. (NASDAQ:MRLN) by 14.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,653 shares of the financial services provider’s stock after selling 437 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Marlin Business Services were worth $66,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Renaissance Technologies LLC lifted its holdings in shares of Marlin Business Services by 2.6% in the second quarter. Renaissance Technologies LLC now owns 334,400 shares of the financial services provider’s stock worth $8,337,000 after acquiring an additional 8,600 shares during the last quarter. Tieton Capital Management LLC lifted its holdings in shares of Marlin Business Services by 5.4% in the second quarter. Tieton Capital Management LLC now owns 128,531 shares of the financial services provider’s stock worth $3,204,000 after acquiring an additional 6,610 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Marlin Business Services by 1.1% in the second quarter. Bank of New York Mellon Corp now owns 60,294 shares of the financial services provider’s stock worth $1,503,000 after acquiring an additional 661 shares during the last quarter. Martingale Asset Management L P lifted its holdings in shares of Marlin Business Services by 10.1% in the first quarter. Martingale Asset Management L P now owns 55,618 shares of the financial services provider’s stock worth $1,196,000 after acquiring an additional 5,099 shares during the last quarter. Finally, Mork Capital Management LLC bought a new position in shares of Marlin Business Services in the second quarter worth about $823,000. 86.04% of the stock is owned by institutional investors and hedge funds.

A number of research firms have recently commented on MRLN. ValuEngine raised shares of Marlin Business Services from a “sell” rating to a “hold” rating in a report on Wednesday, September 11th. BidaskClub raised shares of Marlin Business Services from a “hold” rating to a “buy” rating in a report on Wednesday.



Shares of MRLN stock traded up $0.05 on Wednesday, reaching $24.66. The company had a trading volume of 3,719 shares, compared to its average volume of 22,391. The stock has a market capitalization of $298.18 million, a PE ratio of 12.09 and a beta of 0.95. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.58. Marlin Business Services Corp. has a one year low of $17.51 and a one year high of $29.50. The business’s 50-day moving average is $23.32 and its 200 day moving average is $22.83.

Marlin Business Services (NASDAQ:MRLN) last posted its earnings results on Thursday, August 1st. The financial services provider reported $0.51 EPS for the quarter, hitting analysts’ consensus estimates of $0.51. The firm had revenue of $24.18 million during the quarter, compared to analysts’ expectations of $25.30 million. Marlin Business Services had a net margin of 17.16% and a return on equity of 12.02%. On average, sell-side analysts forecast that Marlin Business Services Corp. will post 2.35 earnings per share for the current fiscal year.

Marlin Business Services Profile

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

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