Marlin Business Services Corp. (NASDAQ:MRLN) Short Interest Update

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Marlin Business Services Corp. (NASDAQ:MRLN) was the recipient of a significant decrease in short interest in December. As of December 31st, there was short interest totalling 96,000 shares, a decrease of 10.8% from the December 15th total of 107,600 shares. Currently, 0.9% of the shares of the company are sold short. Based on an average daily trading volume, of 13,800 shares, the short-interest ratio is presently 7.0 days.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Bank of Montreal Can raised its position in Marlin Business Services by 37.3% during the second quarter. Bank of Montreal Can now owns 2,908 shares of the financial services provider’s stock worth $73,000 after acquiring an additional 790 shares during the period. Russell Investments Group Ltd. raised its position in Marlin Business Services by 138.0% during the third quarter. Russell Investments Group Ltd. now owns 8,502 shares of the financial services provider’s stock worth $214,000 after acquiring an additional 4,929 shares during the period. Zebra Capital Management LLC acquired a new position in Marlin Business Services during the third quarter worth $216,000. Marshall Wace LLP acquired a new position in Marlin Business Services during the first quarter worth $250,000. Finally, Rhumbline Advisers raised its position in shares of Marlin Business Services by 6.2% in the third quarter. Rhumbline Advisers now owns 14,641 shares of the financial services provider’s stock valued at $369,000 after buying an additional 854 shares during the last quarter. 86.83% of the stock is currently owned by hedge funds and other institutional investors.

NASDAQ MRLN traded up $0.19 during mid-day trading on Thursday, reaching $21.62. 613 shares of the stock were exchanged, compared to its average volume of 13,836. The business’s 50 day moving average is $22.14 and its 200-day moving average is $22.87. Marlin Business Services has a 1 year low of $17.51 and a 1 year high of $25.44. The company has a market capitalization of $256.46 million, a P/E ratio of 10.61 and a beta of 0.91. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.17 and a current ratio of 0.17.

Marlin Business Services (NASDAQ:MRLN) last announced its quarterly earnings results on Thursday, October 31st. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.62 by ($0.02). Marlin Business Services had a return on equity of 12.32% and a net margin of 17.19%. The firm had revenue of $35.38 million for the quarter. Equities analysts predict that Marlin Business Services will post 2.18 earnings per share for the current fiscal year.

Separately, BidaskClub downgraded shares of Marlin Business Services from a “hold” rating to a “sell” rating in a report on Wednesday, January 8th.

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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