Marlin Business Services Corp. (MRLN) Getting Somewhat Favorable Press Coverage, Study Finds
Press coverage about Marlin Business Services Corp. (NASDAQ:MRLN) has been trending somewhat positive this week, according to Accern. The research firm identifies positive and negative press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Marlin Business Services Corp. earned a media sentiment score of 0.13 on Accern’s scale. Accern also assigned news articles about the financial services provider an impact score of 45.4864592615526 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
A number of research analysts recently weighed in on MRLN shares. Zacks Investment Research upgraded shares of Marlin Business Services Corp. from a “hold” rating to a “strong-buy” rating and set a $30.00 price objective on the stock 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 upgraded shares of Marlin Business Services Corp. from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd.
Shares of Marlin Business Services Corp. (NASDAQ MRLN) traded up 0.52% on Friday, reaching $28.90. 29,022 shares of the company were exchanged. The firm’s 50 day moving average price is $26.09 and its 200 day moving average price is $25.40. Marlin Business Services Corp. has a 52 week low of $17.05 and a 52 week high of $29.38. The stock has a market capitalization of $353.10 million, a price-to-earnings ratio of 23.90 and a beta of 1.30.
Marlin Business Services Corp. announced that its board has authorized a stock repurchase program on Tuesday, May 30th that authorizes the company to buyback $10.00 million in outstanding shares. This buyback authorization authorizes the financial services provider to buy up to 3.2% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s management believes its shares are undervalued.
In other Marlin Business Services Corp. news, General Counsel Edward Ralph Jr. Dietz sold 3,000 shares of Marlin Business Services Corp. stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $25.01, for a total transaction of $75,030.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director James W. Wert sold 2,980 shares of Marlin Business Services Corp. stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $25.42, for a total transaction of $75,751.60. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 6,765 shares of company stock valued at $170,799. Company 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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