Marlin Business Services Corp. (MRLN) Forms $27.25 Double Bottom; Blackstone Group LP Has Boosted Grupo Televisa Sa (TV) Position By $18.44 Million

Marlin Business Services Corp. (MRLN) formed double bottom with $26.16 target or 4.00% below today’s $27.25 share price. Marlin Business Services Corp. (MRLN) has $333.14 million valuation. The stock increased 0.37% or $0.1 during the last trading session, reaching $27.25. About 17,924 shares traded. Marlin Business Services Corp. (NASDAQ:MRLN) has risen 74.77% since March 13, 2017 and is uptrending. It has outperformed by 58.07% the S&P500.

Blackstone Group Lp increased Grupo Televisa Sa (TV) stake by 11.11% reported in 2017Q3 SEC filing. Blackstone Group Lp acquired 768,163 shares as Grupo Televisa Sa (TV)’s stock rose 4.76%. The Blackstone Group Lp holds 7.68 million shares with $189.51M value, up from 6.91M last quarter. Grupo Televisa Sa now has $10.05B valuation. The stock increased 0.18% or $0.03 during the last trading session, reaching $17.04. About 4.95 million shares traded or 62.67% up from the average. Grupo Televisa, S.A.B. (NYSE:TV) has declined 5.54% since March 13, 2017 and is downtrending. It has underperformed by 22.24% the S&P500.

Investors sentiment increased to 1.47 in Q3 2017. Its up 0.18, from 1.29 in 2017Q2. It is positive, as 6 investors sold Marlin Business Services Corp. shares while 22 reduced holdings. 12 funds opened positions while 24 raised stakes. 9.78 million shares or 1.17% more from 9.67 million shares in 2017Q2 were reported. Adams Asset Advsrs Lc stated it has 0.14% in Marlin Business Services Corp. (NASDAQ:MRLN). Wedge Mngmt L Lp Nc invested in 0.01% or 29,400 shares. Ny State Common Retirement Fund invested in 0% or 14,520 shares. Basswood Management Limited Liability Company, New York-based fund reported 780,235 shares. 10,110 are owned by Martingale Asset Mgmt L P. Zacks Invest Management reported 0.01% of its portfolio in Marlin Business Services Corp. (NASDAQ:MRLN). 16,900 are held by Alliancebernstein Ltd Partnership. Spark Inv Ltd Liability Co owns 19,600 shares. Strs Ohio stated it has 20,100 shares or 0% of all its holdings. Deutsche Natl Bank Ag invested in 0% or 39,145 shares. Prudential holds 0% or 48,071 shares. Invesco Limited has 16,831 shares for 0% of their portfolio. Massachusetts-based Geode Mgmt Lc has invested 0% in Marlin Business Services Corp. (NASDAQ:MRLN). Jpmorgan Chase & accumulated 0% or 142,237 shares. 9,298 are held by Acadian Asset Mngmt Ltd Liability Company.

Analysts await Marlin Business Services Corp. (NASDAQ:MRLN) to report earnings on April, 26. They expect $0.42 EPS, up 23.53% or $0.08 from last year’s $0.34 per share. MRLN’s profit will be $5.13 million for 16.22 P/E if the $0.42 EPS becomes a reality. After $0.47 actual EPS reported by Marlin Business Services Corp. for the previous quarter, Wall Street now forecasts -10.64% negative EPS growth.

Among 3 analysts covering Marlin Business Services (NASDAQ:MRLN), 2 have Buy rating, 0 Sell and 1 Hold. Therefore 67% are positive. Marlin Business Services had 6 analyst reports since November 4, 2015 according to SRatingsIntel. Keefe Bruyette & Woods maintained Marlin Business Services Corp. (NASDAQ:MRLN) rating on Sunday, February 4. Keefe Bruyette & Woods has “Buy” rating and $30.0 target. The firm has “Market Perform” rating given on Thursday, February 4 by William Blair. The rating was maintained by Keefe Bruyette & Woods with “Buy” on Thursday, December 21. The rating was initiated by Keefe Bruyette & Woods with “Buy” on Tuesday, December 12.

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