349,774 Shares in MeridianLink, Inc. (NYSE:MLNK) Acquired by Western Standard LLC

Western Standard LLC bought a new position in shares of MeridianLink, Inc. (NYSE:MLNK - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 349,774 shares of the company's stock, valued at approximately $7,223,000. MeridianLink accounts for about 4.8% of Western Standard LLC's holdings, making the stock its 7th largest position. Western Standard LLC owned about 0.46% of MeridianLink at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of MLNK. SG Americas Securities LLC increased its position in shares of MeridianLink by 94.9% in the 4th quarter. SG Americas Securities LLC now owns 21,878 shares of the company's stock valued at $452,000 after purchasing an additional 10,654 shares during the last quarter. Rhumbline Advisers boosted its holdings in shares of MeridianLink by 10.0% in the 4th quarter. Rhumbline Advisers now owns 48,629 shares of the company's stock valued at $1,004,000 after buying an additional 4,404 shares in the last quarter. Proficio Capital Partners LLC acquired a new position in shares of MeridianLink in the 4th quarter valued at $234,000. Charles Schwab Investment Management Inc. boosted its holdings in shares of MeridianLink by 9.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 239,032 shares of the company's stock valued at $4,936,000 after buying an additional 20,928 shares in the last quarter. Finally, Victory Capital Management Inc. acquired a new position in shares of MeridianLink in the 4th quarter valued at $29,461,000. 82.65% of the stock is owned by hedge funds and other institutional investors.

MeridianLink Stock Down 1.6%

Shares of MeridianLink stock opened at $16.78 on Tuesday. The company has a market cap of $1.30 billion, a P/E ratio of -25.04 and a beta of 0.97. 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, Inc. has a one year low of $15.57 and a one year high of $25.33. The firm has a fifty day moving average of $17.46 and a two-hundred day moving average of $19.65.

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

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on MLNK. William Blair restated an "outperform" rating on shares of MeridianLink in a report on Friday, March 7th. Raymond James lowered their target price on shares of MeridianLink from $28.00 to $24.00 and set an "outperform" rating for the company in a report on Friday, March 7th. Barclays lowered their target price on shares of MeridianLink from $19.00 to $16.00 and set an "underweight" rating for the company in a report on Monday, April 14th. Citigroup decreased their price target on shares of MeridianLink from $24.00 to $20.00 and set a "neutral" rating for the company in a research note on Friday, March 7th. Finally, Bank of America cut shares of MeridianLink from a "buy" rating to an "underperform" rating and decreased their price target for the stock from $28.00 to $18.00 in a research note on Thursday, January 30th. 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 data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $19.42.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.