Marlin Business Services (NASDAQ:MRLN) Announces Earnings Results
Marlin Business Services (NASDAQ:MRLN) announced its quarterly earnings results on Thursday. The financial services provider reported ($0.43) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.41) by ($0.02), Fidelity Earnings reports. Marlin Business Services had a negative net margin of 1.20% and a positive return on equity of 0.42%. The company had revenue of $21.27 million during the quarter.
NASDAQ:MRLN traded down $0.40 during trading hours on Friday, hitting $7.34. The company had a trading volume of 26,073 shares, compared to its average volume of 36,290. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.38. The company has a 50-day moving average of $7.65 and a 200 day moving average of $11.68. The company has a market cap of $87.23 million, a P/E ratio of 367.00 and a beta of 0.85. Marlin Business Services has a 1 year low of $4.66 and a 1 year high of $25.44.
The business also recently announced a dividend, which will be paid on Thursday, August 20th. Shareholders of record on Monday, August 10th will be issued a $0.14 dividend. The ex-dividend date of this dividend is Friday, August 7th.
In other Marlin Business Services news, Director Lawrence J. Deangelo purchased 15,469 shares of the firm’s stock in a transaction dated Tuesday, May 5th. The shares were acquired at an average price of $9.36 per share, with a total value of $144,789.84. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Willem Mesdag sold 45,000 shares of the company’s stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $8.64, for a total value of $388,800.00. The disclosure for this sale can be found here. Over the last 90 days, insiders acquired 46,441 shares of company stock valued at $395,082. 5.32% of the stock is owned by company insiders.
Marlin Business Services Company 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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