Red Mountain Capital Partners buys $58,837,730 stake in Marlin Business Services Corp. (MRLN)

Marlin Business Services Corp. (MRLN) : Red Mountain Capital Partners scooped up 25,000 additional shares in Marlin Business Services Corp. during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 3,001,925 shares of Marlin Business Services Corp. which is valued at $58,837,730.Marlin Business Services Corp. makes up approximately 16.63% of Red Mountain Capital Partners’s portfolio.

Other Hedge Funds, Including , Schwab Charles Investment Management Inc reduced its stake in MRLN by selling 6,929 shares or 14.11% in the most recent quarter. The Hedge Fund company now holds 42,173 shares of MRLN which is valued at $826,591.Blackrock Advisors reduced its stake in MRLN by selling 5,197 shares or 22.18% in the most recent quarter. The Hedge Fund company now holds 18,238 shares of MRLN which is valued at $327,372.Mutual Of America Capital Management boosted its stake in MRLN in the latest quarter, The investment management firm added 1,016 additional shares and now holds a total of 208,127 shares of Marlin Business Services Corp. which is valued at $3,600,597. Marlin Business Services Corp. makes up approx 0.08% of Mutual Of America Capital Management’s portfolio.

Marlin Business Services Corp. opened for trading at $19.65 and hit $20 on the upside on Monday, eventually ending the session at $19.9, with a gain of 1.79% or 0.35 points. The heightened volatility saw the trading volume jump to 41,809 shares. Company has a market cap of $250 M.

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.

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