Marlin Business Services Corp.(NASDAQ:MRLN) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Jul 28, 2016. Company reported revenue of $20.30M. Analysts estimated a revenue of $20.30M. Earnings per share were $0.36. Analysts had estimated an EPS of $0.33.
Marlin Business Services Corp. (MRLN) shares turned negative on Thursdays trading session with the shares closing down -0.16 points or -0.88% at a volume of 35,964. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $18.44. The peak price level was also seen at $18.44 while the days lowest was $18. Finally the shares closed at $18.12. The 52-week high of the shares is $19.285 while the 52-week low is $12.62. According to the latest information available, the market cap of the company is $226 M.
Several Insider Transactions has been reported to the SEC. On Dec 31, 2015, Lawrence J Deangelo (director) purchased 3,605 shares at $15.49 per share price.Also, On Feb 18, 2015, Matthew J Sullivan (director) sold 1,705,317 shares at $20.00 per share price.
Marlin Business Services Corp. (Marlin) is a bank holding company and a financial holding company. The Company through its principal operating subsidiary Marlin Leasing Corporation (MLC) provides equipment financing solutions nationwide primarily to small and mid-sized businesses. The Company finances over 100 categories of common-use commercial equipment to its end user customers including copiers copiers security systems computers telecommunications equipment and certain commercial and industrial equipment. Its product offerings include equipment leases and property insurance on leased equipment. AssuranceOne Ltd. a wholly owned captive insurance subsidiary enables the Company to reinsure the property insurance coverage for the equipment financed by MLC and Marlin Business Bank (MBB) for its end user customers. MBB serves as the Company’s primary funding source through its issuance of Federal Deposit Insurance Corporation (FDIC)-insured deposits.