Stock Worth Watching: Could Marlin Business Services Corp. See a Reversal After Breaking Its 52-Week High?

Stock Worth Watching: Could Marlin Business Services Corp. See a Reversal After Breaking Its 52 Week High?

The stock of Marlin Business Services Corp. (NASDAQ:MRLN) hit a new 52-week high and has $21.06 target or 3.00% above today’s $20.45 share price. The 5 months bullish chart indicates low risk for the $254.43M company. The 1-year high was reported on Nov, 29 by Barchart.com. If the $21.06 price target is reached, the company will be worth $7.63 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 15,715 shares traded hands. Marlin Business Services Corp. (NASDAQ:MRLN) has risen 33.22% since April 26, 2016 and is uptrending. It has outperformed by 27.96% the S&P500.

Analysts await Marlin Business Services Corp. (NASDAQ:MRLN) to report earnings on February, 6. They expect $0.37 EPS, down 7.50% or $0.03 from last year’s $0.4 per share. MRLN’s profit will be $4.60M for 13.82 P/E if the $0.37 EPS becomes a reality. After $0.35 actual EPS reported by Marlin Business Services Corp. for the previous quarter, Wall Street now forecasts 5.71% EPS growth.

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 improved, 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.
Teachers Inc holds 0% or 14,579 shares in its portfolio. Strs Ohio last reported 0% of its portfolio in the stock. Renaissance Limited Liability Company, a New York-based fund reported 108,200 shares. Citigroup accumulated 1,846 shares or 0% of the stock. Panagora Asset Management, a Massachusetts-based fund reported 28,418 shares. Invesco Limited holds 11,377 shares or 0% of its portfolio. Spark Inv Mngmt Lc holds 0.03% or 20,600 shares in its portfolio. Denali Ltd Liability Corporation last reported 0% of its portfolio in the stock. Cornercap Counsel, a Georgia-based fund reported 22,875 shares. The New York-based Comml Bank Of New York Mellon has invested 0% in Marlin Business Services Corp. (NASDAQ:MRLN). California Employees Retirement System last reported 63,900 shares in the company. Vanguard Gp Inc has invested 0% of its portfolio in Marlin Business Services Corp. (NASDAQ:MRLN). State Street holds 140,448 shares or 0% of its portfolio. The New York-based Cornerstone Capital Hldgs Lc has invested 0% in Marlin Business Services Corp. (NASDAQ:MRLN). Jbf Capital Incorporated, a Colorado-based fund reported 21,400 shares.

Insider Transactions: Since September 7, 2016, the stock had 1 buying transaction, and 2 sales for $277,290 net activity. 8,160 shares were sold by Siciliano Edward John, worth $155,641. $474,770 worth of Marlin Business Services Corp. (NASDAQ:MRLN) shares were bought by MESDAG WILLEM. $41,839 worth of Marlin Business Services Corp. (NASDAQ:MRLN) was sold by Sherlock James on Monday, September 12.

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. Reports Third Quarter 2016 Earnings and …” published on October 27, 2016 as well as Globenewswire.com‘s news article titled: “Marlin Business Services Corp. Launches New Financing Program With Leica …” with publication date: October 18, 2016.

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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