SG Americas Securities LLC Makes New $231,000 Investment in MeridianLink, Inc. (NYSE:MLNK)

SG Americas Securities LLC acquired a new position in MeridianLink, Inc. (NYSE:MLNK) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 11,224 shares of the company’s stock, valued at approximately $231,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. The Manufacturers Life Insurance Company lifted its stake in shares of MeridianLink by 10.1% in the second quarter. The Manufacturers Life Insurance Company now owns 16,218 shares of the company’s stock worth $346,000 after buying an additional 1,490 shares in the last quarter. Squarepoint Ops LLC bought a new position in MeridianLink during the second quarter valued at approximately $336,000. XTX Topco Ltd bought a new position in MeridianLink during the second quarter valued at approximately $360,000. Dimensional Fund Advisors LP lifted its position in MeridianLink by 23.3% during the second quarter. Dimensional Fund Advisors LP now owns 797,074 shares of the company’s stock valued at $17,026,000 after purchasing an additional 150,712 shares during the period. Finally, American Century Companies Inc. lifted its position in MeridianLink by 46.4% during the second quarter. American Century Companies Inc. now owns 18,896 shares of the company’s stock valued at $404,000 after purchasing an additional 5,988 shares during the period. Hedge funds and other institutional investors own 82.65% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on MLNK shares. Barclays increased their price objective on shares of MeridianLink from $18.00 to $20.00 and gave the company an “underweight” rating in a research report on Friday, August 9th. UBS Group increased their price objective on shares of MeridianLink from $17.00 to $18.00 and gave the company a “sell” rating in a research report on Tuesday, August 13th. Finally, Stifel Nicolaus upped their target price on shares of MeridianLink from $18.00 to $22.00 and gave the company a “hold” rating in a report on Friday, August 9th. Two investment 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. According to MarketBeat.com, MeridianLink presently has an average rating of “Hold” and an average price target of $20.60.

Insider Transactions at MeridianLink

In related news, major shareholder Thoma Bravo Ugp, Llc sold 650,000 shares of the firm’s stock in a transaction on Friday, October 18th. The shares were sold at an average price of $21.05, for a total transaction of $13,682,500.00. Following the completion of the transaction, the insider now directly owns 28,932,388 shares of the company’s stock, valued at approximately $609,026,767.40. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 21.30% of the company’s stock.

MeridianLink Stock Down 1.4 %

Shares of MLNK stock opened at $21.14 on Tuesday. MeridianLink, Inc. has a 12 month low of $14.89 and a 12 month high of $25.88. The stock has a market cap of $1.62 billion, a P/E ratio of -39.15 and a beta of 1.00. The company has a current ratio of 2.04, a quick ratio of 2.04 and a debt-to-equity ratio of 1.06. The company has a 50 day simple moving average of $22.13 and a two-hundred day simple moving average of $20.69.

MeridianLink (NYSE:MLNK) last announced its quarterly earnings data on Thursday, August 8th. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.04). The firm had revenue of $78.70 million during the quarter, compared to analysts’ expectations of $78.08 million. MeridianLink had a negative return on equity of 7.62% and a negative net margin of 15.16%. The business’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same period last year, the company earned ($0.06) earnings per share. On average, research analysts expect that MeridianLink, Inc. will post -0.27 earnings per share for the current year.

MeridianLink Profile

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.