Rhumbline Advisers Boosts Stock Position in MeridianLink, Inc. (NYSE:MLNK)

Rhumbline Advisers boosted its holdings in MeridianLink, Inc. (NYSE:MLNK) by 6.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 43,865 shares of the company’s stock after purchasing an additional 2,633 shares during the period. Rhumbline Advisers owned about 0.06% of MeridianLink worth $937,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in MLNK. Vanguard Group Inc. lifted its position in shares of MeridianLink by 32.8% during the 1st quarter. Vanguard Group Inc. now owns 2,756,231 shares of the company’s stock valued at $51,542,000 after buying an additional 680,872 shares during the last quarter. Keenan Capital LLC lifted its position in shares of MeridianLink by 9.6% during the 1st quarter. Keenan Capital LLC now owns 2,565,269 shares of the company’s stock valued at $47,971,000 after buying an additional 225,000 shares during the last quarter. SG Capital Management LLC purchased a new position in shares of MeridianLink during the 1st quarter valued at $2,117,000. Gibson Capital LLC purchased a new position in shares of MeridianLink during the 4th quarter valued at $2,008,000. Finally, Jacobs Levy Equity Management Inc. lifted its position in shares of MeridianLink by 10.9% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 263,525 shares of the company’s stock valued at $4,928,000 after buying an additional 25,906 shares during the last quarter. Hedge funds and other institutional investors own 82.65% of the company’s stock.

MeridianLink Price Performance

Shares of NYSE MLNK opened at $23.21 on Tuesday. The firm has a market capitalization of $1.78 billion, a P/E ratio of -42.98 and a beta of 1.01. The company has a quick ratio of 2.04, a current ratio of 2.04 and a debt-to-equity ratio of 1.06. The stock’s 50-day simple moving average is $22.82 and its two-hundred day simple moving average is $20.30. MeridianLink, Inc. has a twelve month low of $14.89 and a twelve month high of $25.88.

MeridianLink (NYSE:MLNK) last announced its earnings results on Thursday, August 8th. The company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.04). The business had revenue of $78.70 million during the quarter, compared to the consensus estimate of $78.08 million. MeridianLink had a negative return on equity of 7.62% and a negative net margin of 15.16%. MeridianLink’s revenue was up 4.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.06) earnings per share. As a group, equities analysts anticipate that MeridianLink, Inc. will post -0.27 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on MLNK shares. Stifel Nicolaus upped their price target on MeridianLink from $18.00 to $22.00 and gave the company a “hold” rating in a research report on Friday, August 9th. UBS Group boosted their price objective on MeridianLink from $17.00 to $18.00 and gave the company a “sell” rating in a research note on Tuesday, August 13th. Finally, Barclays boosted their price objective on MeridianLink from $18.00 to $20.00 and gave the company an “underweight” rating in a research note on Friday, August 9th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $20.60.

About MeridianLink

MeridianLink, Inc, a software and services company, provides software solutions for banks, credit unions, mortgage lenders, specialty lending providers, and consumer reporting agencies in the United States. The company offers MeridianLink One, a multi-product platform that can be tailored to meet the needs of customers as they digitally transform their organizations and adapt to changing business and consumer demands; MeridianLink Portal, a Point of Sale system that allows financial institutions to expand existing lending and deposit account; MeridianLink Opening, a cloud-based online account opening and deposit software solution; MeridianLink Consumer, a full loan solution suite to banks and credit unions; and MeridianLink DecisionLender, a loan origination software (LOS) for finance companies.