After Forming Bullish Wedge Up Chart Pattern, Is Marlin Business Services Corp. (MRLN)’s Near-Term Analysis Positive?

July 17, 2017 - By test

Investors sentiment decreased to 1 in 2016 Q4. Its down 1.20, from 2.2 in 2016Q3. It turned negative, as 8 investors sold Marlin Business Services Corp. shares while 30 reduced holdings. 9 funds opened positions while 29 raised stakes. 9.39 million shares or 0.32% more from 9.36 million shares in 2016Q3 were reported.
Adams Asset Advisors Limited Liability Company holds 0.12% or 44,695 shares. Numeric Invsts Ltd Liability Corp has 0.03% invested in Marlin Business Services Corp. (NASDAQ:MRLN) for 147,851 shares. Moreover, Dimensional Fund Advsrs Lp has 0.01% invested in Marlin Business Services Corp. (NASDAQ:MRLN). Mutual Of America Cap Mngmt Ltd Limited Liability Company invested 0.09% in Marlin Business Services Corp. (NASDAQ:MRLN). Tiaa Cref Inv Ltd Liability Corp owns 0% invested in Marlin Business Services Corp. (NASDAQ:MRLN) for 27,168 shares. 14,246 are held by Cornerstone Capital Mgmt Ltd Liability Company. Ancora Advsrs Ltd Liability Com, Us-based fund reported 850 shares. Red Mountain Prtn Limited Liability Company holds 17.53% or 3.00M shares in its portfolio. Morgan Stanley owns 48,868 shares or 0% of their US portfolio. Nationwide Fund Advsr holds 11,786 shares. Bnp Paribas Arbitrage Sa reported 245 shares stake. Federated Investors Pa accumulated 0% or 40,824 shares. Brandywine Global Inv Ltd Liability Corp reported 6,650 shares. Schwab Charles Inv owns 36,845 shares. Legal & General Grp Inc Public Ltd Company stated it has 0% in Marlin Business Services Corp. (NASDAQ:MRLN).

Since January 31, 2017, it had 0 insider buys, and 2 selling transactions for $39,947 activity.

The stock of Marlin Business Services Corp. (MRLN) formed an up wedge with $26.76 target or 7.00 % above today’s $25.01 share price. The 5 months wedge indicates low risk for the $315.51 million company. If the $26.76 price target is reached, the company will be worth $22.09 million more.
Rising wedges, especially for downward breakouts are tricky moments to trade. Investors must be aware that the break even failure rate for up or down breakouts is: 8% and 24%. The average rise is 28% and the decline is 14%. Wedges has high throwback and pullback rate: 73%, 63% and the percent of wedges meeting target is not more than 50%.

About 2,893 shares traded. Marlin Business Services Corp. (NASDAQ:MRLN) has risen 74.77% since July 17, 2016 and is uptrending. It has outperformed by 58.07% the S&P500.

Analysts expect Marlin Business Services Corp. (NASDAQ:MRLN) to report $0.36 EPS on July, 27.They anticipate $0.00 EPS change or 0.00 % from last quarter’s $0.36 EPS. MRLN’s profit would be $4.54 million giving it 17.37 P/E if the $0.36 EPS is correct. After having $0.34 EPS previously, Marlin Business Services Corp.’s analysts see 5.88 % EPS growth.

Marlin Business Services Corp. (NASDAQ:MRLN) Ratings Coverage

Among 2 analysts covering Marlin Business Services (NASDAQ:MRLN), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. Marlin Business Services had 3 analyst reports since November 4, 2015 according to SRatingsIntel. The stock of Marlin Business Services Corp. (NASDAQ:MRLN) has “Market Perform” rating given on Thursday, February 4 by William Blair.

More important recent Marlin Business Services Corp. (NASDAQ:MRLN) news were published by: Globenewswire.com which released: “Marlin Business Services Corp. Reports Third Quarter 2016 Earnings and …” on October 27, 2016, also Seekingalpha.com published article titled: “Marlin Business Services Looks Good Here”, Globenewswire.com published: “Marlin Business Services Corp. Announces Fourth Quarter and Year-End 2016 …” on January 17, 2017. More interesting news about Marlin Business Services Corp. (NASDAQ:MRLN) was released by: Globenewswire.com and their article: “Marlin Business Services Corp. Announces First Quarter 2017 Earnings Call and …” with publication date: April 21, 2017.

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