BNP Paribas Arbitrage SA boosted its holdings in Marlin Business Services Corp. (NASDAQ:MRLN) by 919.7% during the first quarter, Holdings Channel reports. The institutional investor owned 1,815 shares of the financial services provider’s stock after buying an additional 1,637 shares during the period. BNP Paribas Arbitrage SA’s holdings in Marlin Business Services were worth $39,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bank of Montreal Can lifted its stake in shares of Marlin Business Services by 438.4% in the 4th quarter. Bank of Montreal Can now owns 2,412 shares of the financial services provider’s stock valued at $55,000 after purchasing an additional 1,964 shares in the last quarter. First Trust Advisors LP lifted its stake in shares of Marlin Business Services by 18.3% in the 4th quarter. First Trust Advisors LP now owns 16,986 shares of the financial services provider’s stock valued at $379,000 after purchasing an additional 2,628 shares in the last quarter. Bank of America Corp DE lifted its stake in shares of Marlin Business Services by 87.8% in the 4th quarter. Bank of America Corp DE now owns 5,789 shares of the financial services provider’s stock valued at $129,000 after purchasing an additional 2,706 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Marlin Business Services by 2.4% in the 4th quarter. Geode Capital Management LLC now owns 145,326 shares of the financial services provider’s stock valued at $3,244,000 after purchasing an additional 3,426 shares in the last quarter. Finally, Rhumbline Advisers lifted its stake in shares of Marlin Business Services by 38.7% in the 4th quarter. Rhumbline Advisers now owns 13,860 shares of the financial services provider’s stock valued at $309,000 after purchasing an additional 3,865 shares in the last quarter. 84.61% of the stock is currently owned by institutional investors and hedge funds.

MRLN has been the topic of several research analyst reports. ValuEngine lowered Marlin Business Services from a “sell” rating to a “strong sell” rating in a research note on Wednesday, March 27th. BidaskClub lowered Marlin Business Services from a “buy” rating to a “hold” rating in a research note on Monday.

NASDAQ MRLN opened at $23.14 on Wednesday. The stock has a market capitalization of $284.15 million, a PE ratio of 11.34 and a beta of 0.87. Marlin Business Services Corp. has a 1-year low of $17.51 and a 1-year high of $31.60. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 0.69.

Marlin Business Services (NASDAQ:MRLN) last released its quarterly earnings data on Thursday, May 2nd. The financial services provider reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.06). The firm had revenue of $23.96 million during the quarter, compared to analyst estimates of $24.10 million. Marlin Business Services had a net margin of 17.77% and a return on equity of 12.33%. Sell-side analysts expect that Marlin Business Services Corp. will post 2.31 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Thursday, May 23rd. Investors of record on Monday, May 13th were issued a dividend of $0.14 per share. This is an increase from Marlin Business Services’s previous quarterly dividend of $0.11. This represents a $0.56 annualized dividend and a dividend yield of 2.42%. The ex-dividend date was Friday, May 10th. Marlin Business Services’s dividend payout ratio (DPR) is presently 27.45%.

In related news, General Counsel Edward Ralph Jr. Dietz sold 2,419 shares of the firm’s stock in a transaction dated Thursday, May 30th. The stock was sold at an average price of $23.44, for a total transaction of $56,701.36. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP James Sherlock sold 2,231 shares of the firm’s stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $23.00, for a total value of $51,313.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 4,750 shares of company stock worth $110,350. Company insiders own 7.71% of the company’s stock.

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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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