.jpg "A Director at Marlin Business Services (NASDAQ: MRLN) is Buying Shares")
Yesterday, a Director at Marlin Business Services (NASDAQ: MRLN), James Wert, bought shares of MRLN for $28.37K.
Following James Wert’s last MRLN Buy transaction on August 17, 2017, the stock climbed by 5.1%. This recent transaction increases James Wert’s holding in the company by 5.28% to a total of $2.11 million.
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Based on Marlin Business Services’ latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $32.47 million and quarterly net profit of $6.07 million. In comparison, last year the company earned revenue of $27.81 million and had a net profit of $1.5 million. MRLN’s market cap is $372.6M and the company has a P/E ratio of 12.55. Currently, Marlin Business Services has an average volume of 13.59K.
Starting in July 2016, MRLN received 4 Buy ratings in a row. Three different firms, including JMP Securities and KBW, currently also have a Buy rating on the stock.
In the last 30 days, insiders have sold $59.1K worth of MRLN shares and purchased $28.37K worth of MRLN shares. The insider sentiment on Marlin Business Services has been negative according to 36 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
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Marlin Business Services Corp. is a bank holding company, which engages in the provision of equipment leasing solutions to small and mid-sized businesses. Its products and services includes equipment financing vendor programs and for businesses; funding stream business loans; and franchise financing.
