Norwood Investment Partners LP Raises Holdings in MeridianLink, Inc. (NYSE:MLNK)

Norwood Investment Partners LP boosted its holdings in MeridianLink, Inc. (NYSE:MLNK - Free Report) by 101.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 262,927 shares of the company's stock after acquiring an additional 132,557 shares during the quarter. MeridianLink accounts for approximately 4.3% of Norwood Investment Partners LP's holdings, making the stock its 9th largest position. Norwood Investment Partners LP owned approximately 0.34% of MeridianLink worth $4,872,000 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 the business. Victory Capital Management Inc. lifted its holdings in shares of MeridianLink by 27.9% during the 1st quarter. Victory Capital Management Inc. now owns 1,824,395 shares of the company's stock valued at $33,806,000 after buying an additional 397,730 shares during the period. New York State Common Retirement Fund grew its position in MeridianLink by 39.1% during the first quarter. New York State Common Retirement Fund now owns 9,257 shares of the company's stock valued at $172,000 after buying an additional 2,600 shares during the period. Bank of New York Mellon Corp grew its position in MeridianLink by 8.2% during the first quarter. Bank of New York Mellon Corp now owns 76,824 shares of the company's stock valued at $1,424,000 after buying an additional 5,854 shares during the period. Teacher Retirement System of Texas grew its position in MeridianLink by 87.7% during the first quarter. Teacher Retirement System of Texas now owns 60,362 shares of the company's stock valued at $1,119,000 after buying an additional 28,204 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. grew its position in MeridianLink by 1,606.0% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,521 shares of the company's stock valued at $84,000 after buying an additional 4,256 shares during the period. 82.65% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Barclays decreased their target price on MeridianLink from $19.00 to $16.00 and set an "underweight" rating on the stock in a report on Monday, April 14th. Stifel Nicolaus decreased their target price on MeridianLink from $20.00 to $18.00 and set a "hold" rating on the stock in a report on Tuesday, May 13th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, MeridianLink presently has an average rating of "Hold" and an average price target of $19.42.

MeridianLink Price Performance

MLNK stock traded up $0.18 during trading on Friday, reaching $16.70. The company's stock had a trading volume of 142,751 shares, compared to its average volume of 262,405. MeridianLink, Inc. has a 1 year low of $15.49 and a 1 year high of $25.33. The company has a quick ratio of 2.22, a current ratio of 2.22 and a debt-to-equity ratio of 1.07. The company has a market capitalization of $1.29 billion, a P/E ratio of -43.95 and a beta of 0.91. The company's fifty day moving average is $16.53 and its 200-day moving average is $17.71.

MeridianLink (NYSE:MLNK - Get Free Report) last issued its quarterly earnings results on Monday, May 12th. The company reported $0.09 earnings per share (EPS) 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 during the quarter, compared to analysts' expectations of $80.47 million. During the same quarter in the previous year, the company posted $0.06 EPS. The company's quarterly revenue was up 4.7% on a year-over-year basis. On average, research analysts expect that MeridianLink, Inc. will post -0.35 earnings per share for the current fiscal 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.