CenterBook Partners LP Trims Position in MeridianLink, Inc. (NYSE:MLNK)

CenterBook Partners LP lessened its stake in MeridianLink, Inc. (NYSE:MLNK - Free Report) by 17.6% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 280,520 shares of the company's stock after selling 59,767 shares during the period. CenterBook Partners LP owned 0.36% of MeridianLink worth $5,198,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in MLNK. Charles Schwab Investment Management Inc. grew 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 worth $4,936,000 after acquiring an additional 20,928 shares during the period. Proficio Capital Partners LLC acquired a new stake in shares of MeridianLink in the 4th quarter worth approximately $234,000. Swiss National Bank grew its holdings in shares of MeridianLink by 31.0% in the 4th quarter. Swiss National Bank now owns 59,100 shares of the company's stock worth $1,220,000 after acquiring an additional 14,000 shares during the period. Counterpoint Mutual Funds LLC acquired a new stake in shares of MeridianLink in the 4th quarter worth approximately $384,000. Finally, Teacher Retirement System of Texas acquired a new stake in shares of MeridianLink in the 4th quarter worth approximately $664,000. Institutional investors and hedge funds own 82.65% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on MLNK. Stifel Nicolaus lowered their price target on MeridianLink from $20.00 to $18.00 and set a "hold" rating on the stock in a report on Tuesday, May 13th. Barclays reduced their target price on MeridianLink from $19.00 to $16.00 and set an "underweight" rating on the stock in a research note on Monday, April 14th. Two analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $19.42.

MeridianLink Price Performance

MLNK stock traded down $0.12 on Friday, reaching $16.22. The company had a trading volume of 188,988 shares, compared to its average volume of 280,801. MeridianLink, Inc. has a 1 year low of $15.49 and a 1 year high of $25.33. The company has a debt-to-equity ratio of 1.07, a quick ratio of 2.22 and a current ratio of 2.22. The company's fifty day moving average is $16.64 and its 200 day moving average is $17.89. The company has a market cap of $1.25 billion, a P/E ratio of -42.68 and a beta of 0.91.

MeridianLink (NYSE:MLNK - Get Free Report) last issued 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 return on equity of 5.14% and a negative net margin of 9.11%. The business had revenue of $81.49 million for the quarter, compared to analysts' expectations of $80.47 million. During the same period in the prior year, the company earned $0.06 EPS. The company's revenue for the quarter was up 4.7% compared to the same quarter last year. On average, research analysts forecast that MeridianLink, Inc. will post -0.35 earnings per share for the current year.

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.