Western Standard LLC Acquires Shares of 349,774 MeridianLink, Inc. (NYSE:MLNK)

Western Standard LLC acquired a new stake in shares of MeridianLink, Inc. (NYSE:MLNK - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 349,774 shares of the company's stock, valued at approximately $7,223,000. MeridianLink makes up about 4.8% of Western Standard LLC's investment portfolio, making the stock its 7th largest holding. Western Standard LLC owned 0.46% of MeridianLink at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in MLNK. Woodline Partners LP purchased a new position in shares of MeridianLink in the fourth quarter worth about $219,000. Two Sigma Investments LP purchased a new position in shares of MeridianLink in the fourth quarter worth about $235,000. Two Sigma Advisers LP purchased a new position in shares of MeridianLink in the fourth quarter worth about $231,000. State of Wyoming lifted its stake in shares of MeridianLink by 29.6% in the fourth quarter. State of Wyoming now owns 27,015 shares of the company's stock worth $558,000 after buying an additional 6,174 shares in the last quarter. Finally, Select Equity Group L.P. lifted its stake in shares of MeridianLink by 94.4% in the fourth quarter. Select Equity Group L.P. now owns 47,922 shares of the company's stock worth $990,000 after buying an additional 23,274 shares in the last quarter. 82.65% of the stock is owned by hedge funds and other institutional investors.

MeridianLink Trading Down 0.8%

Shares of MLNK traded down $0.13 during trading on Friday, reaching $15.94. 364,864 shares of the company traded hands, compared to its average volume of 279,622. MeridianLink, Inc. has a twelve month low of $15.57 and a twelve month high of $25.33. The stock has a market cap of $1.23 billion, a PE ratio of -23.79 and a beta of 0.97. The stock has a 50-day simple moving average of $17.22 and a 200-day simple moving average of $19.48. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 1.11.

MeridianLink (NYSE:MLNK - Get Free Report) last announced its quarterly earnings results on Monday, May 12th. The company reported $0.09 earnings per share for the quarter, missing analysts' consensus estimates of $0.11 by ($0.02). MeridianLink had a negative net margin of 16.57% and a negative return on equity of 9.57%. The company had revenue of $81.49 million for the quarter, compared to analyst estimates of $80.47 million. During the same quarter in the prior year, the business earned $0.06 earnings per share. MeridianLink's revenue was up 4.7% on a year-over-year basis. On average, analysts anticipate that MeridianLink, Inc. will post -0.35 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on MLNK. Stifel Nicolaus decreased their price target on shares of MeridianLink from $20.00 to $18.00 and set a "hold" rating on the stock in a research note on Tuesday, May 13th. Bank of America cut shares of MeridianLink from a "buy" rating to an "underperform" rating and cut their price objective for the stock from $28.00 to $18.00 in a research report on Thursday, January 30th. UBS Group cut their price objective on shares of MeridianLink from $25.50 to $20.50 and set a "neutral" rating for the company in a research report on Tuesday, March 4th. Raymond James cut their price objective on shares of MeridianLink from $28.00 to $24.00 and set an "outperform" rating for the company in a research report on Friday, March 7th. Finally, Barclays cut their price objective on shares of MeridianLink from $19.00 to $16.00 and set an "underweight" rating for the company in a research report on Monday, April 14th. Two analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $19.42.

MeridianLink Company 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.