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Posted July 11, 2017
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PNC Financial Services Group Inc. Has $450,000 Position in Marlin Business Services Corp. (MRLN)

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PNC Financial Services Group Inc. cut its stake in shares of Marlin Business Services Corp. (NASDAQ:MRLN) by 1.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,448 shares of the financial services provider’s stock after selling 217 shares during the period. PNC Financial Services Group Inc. owned 0.14% of Marlin Business Services Corp. worth $450,000 at the end of the most recent quarter.

Marlin Business Services Corp.

Several other large investors also recently bought and sold shares of the stock. JPMorgan Chase & Co. raised its stake in Marlin Business Services Corp. by 14.2% in the first quarter. JPMorgan Chase & Co. now owns 140,173 shares of the financial services provider’s stock valued at $3,609,000 after buying an additional 17,380 shares during the last quarter. Oxford Asset Management bought a new stake in Marlin Business Services Corp. during the first quarter valued at about $446,000. Trexquant Investment LP bought a new stake in Marlin Business Services Corp. during the first quarter valued at about $274,000. Mutual of America Capital Management LLC raised its stake in Marlin Business Services Corp. by 0.7% in the first quarter. Mutual of America Capital Management LLC now owns 222,586 shares of the financial services provider’s stock valued at $5,732,000 after buying an additional 1,613 shares during the last quarter. Finally, TFS Capital LLC bought a new stake in Marlin Business Services Corp. during the first quarter valued at about $210,000. 77.90% of the stock is owned by institutional investors and hedge funds.

Shares of Marlin Business Services Corp. (NASDAQ:MRLN) opened at 25.15 on Tuesday. The stock has a 50 day moving average price of $25.25 and a 200 day moving average price of $24.06. The stock has a market capitalization of $308.44 million, a P/E ratio of 20.80 and a beta of 1.31. Marlin Business Services Corp. has a one year low of $16.31 and a one year high of $26.70.

Marlin Business Services Corp. (NASDAQ:MRLN) last released its quarterly earnings data on Thursday, April 27th. The financial services provider reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by $0.02. Marlin Business Services Corp. had a net margin of 15.07% and a return on equity of 11.19%. The business had revenue of $21.72 million during the quarter, compared to analyst estimates of $22.60 million. Equities analysts forecast that Marlin Business Services Corp. will post $1.34 earnings per share for the current year. Several equities research analysts have recently issued reports on the company. ValuEngine raised Marlin Business Services Corp. from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Zacks Investment Research upgraded Marlin Business Services Corp. from a “sell” rating to a “hold” rating in a report on Tuesday, July 4th.

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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Posted by Brenda Bartman
Stock Observer

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