The stock of Marlin Business Services Corp. (NASDAQ:MRLN) hit a new 52-week high and has $28.19 target or 42.00% above today’s $19.85 share price. The 8 months bullish chart indicates low risk for the $253.87M company. The 1-year high was reported on Nov, 21 by Barchart.com. If the $28.19 price target is reached, the company will be worth $106.63 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 24,177 shares traded hands or 43.09% up from the average. Marlin Business Services Corp. (NASDAQ:MRLN) has risen 34.92% since April 19, 2016 and is uptrending. It has outperformed by 31.05% the S&P500.
Marlin Business Services Corp. (NASDAQ:MRLN) Ratings Coverage
Out of 2 analysts covering Marlin Business Services (NASDAQ:MRLN), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. Marlin Business Services has been the topic of 3 analyst reports since November 4, 2015 according to StockzIntelligence Inc. The stock of Marlin Business Services Corp. (NASDAQ:MRLN) has “Market Perform” rating given on Thursday, February 4 by William Blair.
According to Zacks Investment Research, “Marlin Business Services Corp is a nationwide provider of equipment leasing solutions primarily to small businesses. Marlin finances over 60 categories of commercial equipment, including copiers, telephone systems, computers and certain commercial and industrial equipment.”
Insitutional Activity: The institutional sentiment increased to 2.2 in Q2 2016. Its up 1.02, from 1.18 in 2016Q1. The ratio is positive, as 4 funds sold all Marlin Business Services Corp. shares owned while 24 reduced positions. 6 funds bought stakes while 27 increased positions. They now own 9.10 million shares or 0.64% less from 9.16 million shares in 2016Q1.
Broad Run Mngmt Limited Company holds 0.94% or 1.20M shares in its portfolio. The California-based California Public Employees Retirement Sys has invested 0% in Marlin Business Services Corp. (NASDAQ:MRLN). Lsv Asset Management reported 74,500 shares or 0% of all its holdings. Jbf Cap reported 21,400 shares or 0.04% of all its holdings. Parametric Assoc Limited Liability Company has 0% invested in the company for 30,435 shares. Morgan Stanley accumulated 0% or 53,637 shares. The New York-based Mutual Of America Cap Mngmt has invested 0.07% in Marlin Business Services Corp. (NASDAQ:MRLN). Manufacturers Life Insurance The last reported 553 shares in the company. Panagora Asset Management holds 0% or 28,418 shares in its portfolio. Cornercap Invest Counsel, a Georgia-based fund reported 22,875 shares. Thompson Siegel Walmsley Ltd has 0.01% invested in the company for 34,143 shares. Moreover, Cornerstone Capital Mgmt Ltd has 0% invested in Marlin Business Services Corp. (NASDAQ:MRLN) for 23,346 shares. Parkside Bank & accumulated 0.01% or 805 shares. The Illinois-based Northern Trust Corporation has invested 0% in Marlin Business Services Corp. (NASDAQ:MRLN). Blair William & Company Il holds 0.01% of its portfolio in Marlin Business Services Corp. (NASDAQ:MRLN) for 89,266 shares.
Insider Transactions: Since September 7, 2016, the stock had 1 buying transaction, and 2 sales for $277,290 net activity. 2,221 shares were sold by Sherlock James, worth $41,839 on Monday, September 12. $474,770 worth of Marlin Business Services Corp. (NASDAQ:MRLN) was bought by MESDAG WILLEM. 8,160 shares with value of $155,641 were sold by Siciliano Edward John on Wednesday, September 7.
More notable recent Marlin Business Services Corp. (NASDAQ:MRLN) news were published by: Globenewswire.com which released: “Marlin Business Services Corp. Names Jeffrey Hilzinger as CEO” on May 05, 2016, also Globenewswire.com with their article: “Marlin Business Services Corp. Announces Third Quarter 2016 Earnings Call and …” published on October 18, 2016, Globenewswire.com published: “Marlin Business Services Corp. Names David Herring Vice President of Sales …” on June 28, 2016. More interesting news about Marlin Business Services Corp. (NASDAQ:MRLN) were released by: Globenewswire.com and their article: “Marlin Business Services Corp. Declares Special Dividend” published on September 14, 2015 as well as Globenewswire.com‘s news article titled: “Marlin Business Services Corp. Announces Resignation of Lynne C. Wilson” with publication date: April 30, 2015.
MRLN Company Profile
Marlin Business Services Corp., incorporated on August 5, 2003, is a well-known provider of equipment financing solutions primarily to small and mid-sized businesses. The Firm finances over 100 categories of common-use commercial equipment. The Firm accesses its end user clients primarily through origination sources, including its existing network of over 12,300 independent commercial equipment dealers and various national account programs; through direct solicitation of its end user customers, and through relationships with select lease brokers. The Firm provides equipment dealers with the ability to offer its lease financing and related services to their clients as an integrated part of their selling process. The Company’s integrated account origination platform enables it to solicit, process and service various low-balance financing transactions.
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