Marlin Business Services Corp (MRLN) Files Form 4 Insider Selling : James Sherlock Sells 2,221 Shares

Marlin Business Services Corp (MRLN): James Sherlock , Senior Vice President of Marlin Business Services Corp sold 2,221 shares on Sep 12, 2016. The Insider selling transaction was reported by the company on Sep 14, 2016 to the Securities and Exchange Commission. The shares were sold at $18.84 per share for a total value of $41,838.75 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Sep 8, 2016, Edward John Siciliano (Chief Sales Officer) sold 8,160 shares at $19.07 per share price.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.: On Monday, Sep 12, 2016 heightened volatility was witnessed in Marlin Business Services Corp. which led to swings in the share price. The shares opened for trading at $18.73 and hit $19.07 on the upside , eventually ending the session at $18.88, with a gain of 0.85% or 0.16 points. The heightened volatility saw the trading volume jump to 23,059 shares. The 52-week high of the share price is $19.285 and the company has a market cap of $237 M . The 52-week low of the share price is at $13.46.

Marlin Business Services Corp. Money Flow Index Chart

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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