Versor Investments LP Makes New Investment in MeridianLink, Inc. $MLNK

Key Points

• Versor Investments LP acquired 31,000 shares of MeridianLink, Inc., valued at approximately $574,000, during the first quarter, signaling growing institutional interest in the company.
• Various institutional investors have significantly increased their stakes, with Teacher Retirement System of Texas boosting theirs by 87.7% in the same quarter.
• MeridianLink's recent quarterly earnings fell short of expectations, reporting ($0.04) earnings per share, missing the consensus estimate of $0.09 by ($0.13), despite a revenue increase of 7.5% year-over-year.

Versor Investments LP acquired a new stake in shares of MeridianLink, Inc. (NYSE:MLNK - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 31,000 shares of the company's stock, valued at approximately $574,000.

Several other hedge funds have also recently added to or reduced their stakes in MLNK. Summit Investment Advisors Inc. lifted its stake in shares of MeridianLink by 32.0% in the 4th quarter. Summit Investment Advisors Inc. now owns 3,421 shares of the company's stock valued at $71,000 after acquiring an additional 830 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in MeridianLink by 1,606.0% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,521 shares of the company's stock valued at $84,000 after purchasing an additional 4,256 shares during the last quarter. New York State Common Retirement Fund boosted its stake in MeridianLink by 39.1% during the 1st quarter. New York State Common Retirement Fund now owns 9,257 shares of the company's stock valued at $172,000 after purchasing an additional 2,600 shares during the last quarter. Millennium Management LLC bought a new position in shares of MeridianLink during the 4th quarter valued at $201,000. Finally, Woodline Partners LP bought a new position in MeridianLink in the 4th quarter worth $219,000. Institutional investors own 82.65% of the company's stock.

MeridianLink Stock Performance

Shares of NYSE MLNK traded up $0.0050 during mid-day trading on Monday, hitting $19.8850. The stock had a trading volume of 298,925 shares, compared to its average volume of 1,373,791. The company has a debt-to-equity ratio of 1.18, a quick ratio of 2.01 and a current ratio of 2.01. The company has a 50 day moving average of $17.15 and a two-hundred day moving average of $17.47. MeridianLink, Inc. has a twelve month low of $15.49 and a twelve month high of $25.33. The firm has a market cap of $1.47 billion, a PE ratio of -68.57 and a beta of 0.91.

MeridianLink (NYSE:MLNK - Get Free Report) last released its earnings results on Monday, August 11th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.13). MeridianLink had a negative net margin of 6.90% and a negative return on equity of 4.50%. The firm had revenue of $84.60 million during the quarter, compared to analyst estimates of $81.58 million. During the same period in the previous year, the company earned $0.04 earnings per share. MeridianLink's revenue was up 7.5% on a year-over-year basis. Research analysts predict that MeridianLink, Inc. will post -0.35 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on MLNK shares. Raymond James Financial lowered MeridianLink from a "moderate buy" rating to a "hold" rating in a research note on Tuesday, August 12th. Barclays lifted their price target on MeridianLink from $16.00 to $20.00 and gave the stock an "underweight" rating in a research report on Tuesday, August 12th. BTIG Research lowered MeridianLink from a "strong-buy" rating to a "neutral" rating in a research report on Monday, August 11th. William Blair lowered MeridianLink from an "outperform" rating to a "market perform" rating in a research note on Monday, August 11th. Finally, Stifel Nicolaus lowered their price target on MeridianLink from $20.00 to $18.00 and set a "hold" rating for the company in a report on Tuesday, May 13th. Six equities research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. According to MarketBeat, MeridianLink has an average rating of "Reduce" and a consensus target price of $20.07.

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.