MeridianLink, Inc. (NYSE:MLNK) Shares Acquired by Mariner LLC

Mariner LLC grew its holdings in MeridianLink, Inc. (NYSE:MLNK) by 26.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,760 shares of the company’s stock after purchasing an additional 6,846 shares during the quarter. Mariner LLC’s holdings in MeridianLink were worth $676,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Geode Capital Management LLC boosted its stake in MeridianLink by 12.2% during the third quarter. Geode Capital Management LLC now owns 603,443 shares of the company’s stock worth $12,415,000 after buying an additional 65,834 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in shares of MeridianLink by 123.6% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 398,389 shares of the company’s stock valued at $8,227,000 after purchasing an additional 220,240 shares during the period. Barclays PLC increased its position in MeridianLink by 342.1% during the third quarter. Barclays PLC now owns 42,399 shares of the company’s stock worth $872,000 after purchasing an additional 32,808 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in MeridianLink by 9.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 239,032 shares of the company’s stock worth $4,936,000 after purchasing an additional 20,928 shares during the period. Finally, Counterpoint Mutual Funds LLC acquired a new position in MeridianLink in the 4th quarter valued at about $384,000. 82.65% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently commented on MLNK. Citigroup reduced their price target on shares of MeridianLink from $24.00 to $20.00 and set a “neutral” rating on the stock in a research report on Friday, March 7th. UBS Group lowered their price target on MeridianLink from $25.50 to $20.50 and set a “neutral” rating for the company in a report on Tuesday, March 4th. Bank of America lowered shares of MeridianLink from a “buy” rating to an “underperform” rating and reduced their price objective for the company from $28.00 to $18.00 in a report on Thursday, January 30th. William Blair reaffirmed an “outperform” rating on shares of MeridianLink in a research note on Friday, March 7th. Finally, Barclays reduced their price target on shares of MeridianLink from $19.00 to $16.00 and set an “underweight” rating on the stock in a research note on Monday, April 14th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, MeridianLink currently has an average rating of “Hold” and an average target price of $20.08.

MeridianLink Trading Up 1.3 %

Shares of MLNK stock opened at $16.85 on Wednesday. MeridianLink, Inc. has a fifty-two week low of $15.57 and a fifty-two week high of $25.33. The company has a 50 day moving average price of $17.98 and a 200 day moving average price of $20.09. The stock has a market capitalization of $1.29 billion, a P/E ratio of -25.14 and a beta of 0.96. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.86 and a current ratio of 1.86.

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.