Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Marlin Business Services Corp. (MRLN) Share Price

Press coverage about Marlin Business Services Corp. (NASDAQ:MRLN) has been trending somewhat positive on Tuesday, Accern Sentiment reports. The research group rates the sentiment of media coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Marlin Business Services Corp. earned a coverage optimism score of 0.11 on Accern’s scale. Accern also assigned media headlines about the financial services provider an impact score of 44.4538365634994 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

Here are some of the media headlines that may have impacted Accern Sentiment Analysis’s analysis:

Several equities research analysts recently issued reports on MRLN shares. ValuEngine upgraded Marlin Business Services Corp. from a “hold” rating to a “buy” rating in a report 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. Finally, BidaskClub cut Marlin Business Services Corp. from a “hold” rating to a “sell” rating in a report on Monday, July 24th.

Marlin Business Services Corp. (NASDAQ MRLN) traded up 1.30% during midday trading on Tuesday, reaching $27.35. The company had a trading volume of 22,853 shares. The firm’s 50 day moving average is $25.79 and its 200 day moving average is $25.26. Marlin Business Services Corp. has a 1-year low of $17.05 and a 1-year high of $27.55. The stock has a market capitalization of $334.16 million, a PE ratio of 22.62 and a beta of 1.30.

Marlin Business Services Corp. declared that its Board of Directors has initiated a share buyback plan on Tuesday, May 30th that authorizes the company to repurchase $10.00 million in shares. This repurchase authorization authorizes the financial services provider to repurchase up to 3.2% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s management believes its stock is undervalued.

The business also recently announced a quarterly dividend, which was paid on Thursday, August 17th. Shareholders of record on Monday, August 7th were issued a $0.14 dividend. The ex-dividend date was Thursday, August 3rd. This is a boost from Marlin Business Services Corp.’s previous quarterly dividend of $0.11. This represents a $0.56 dividend on an annualized basis and a yield of 2.05%. Marlin Business Services Corp.’s dividend payout ratio (DPR) is 46.28%.

In other Marlin Business Services Corp. news, General Counsel Edward Ralph Jr. Dietz sold 3,000 shares of the stock in a transaction dated Wednesday, August 16th. The shares were sold at an average price of $25.01, for a total value of $75,030.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director James W. Wert sold 2,980 shares of the stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $25.42, for a total transaction of $75,751.60. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 6,765 shares of company stock valued at $170,799. 6.94% of the stock is currently owned by corporate insiders.

COPYRIGHT VIOLATION WARNING: “Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Marlin Business Services Corp. (MRLN) Share Price” was published by Ticker Report and is the sole property of of Ticker Report. If you are viewing this news story on another site, it was stolen and reposted in violation of United States & international trademark & copyright legislation. The original version of this news story can be read at https://www.tickerreport.com/banking-finance/2887309/somewhat-favorable-media-coverage-somewhat-unlikely-to-impact-marlin-business-services-corp-mrln-share-price.html.

About Marlin Business Services Corp.

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.

Insider Buying and Selling by Quarter for Marlin Business Services Corp. (NASDAQ:MRLN)

Receive News & Ratings for Marlin Business Services Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marlin Business Services Corp. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


Leave a Reply

© 2006-2017 Ticker Report. Google+.