Norwood Investment Partners LP Sells 386,167 Shares of MeridianLink, Inc. (NYSE:MLNK)

Norwood Investment Partners LP cut its position in MeridianLink, Inc. (NYSE:MLNK - Free Report) by 69.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 169,000 shares of the company's stock after selling 386,167 shares during the quarter. MeridianLink accounts for about 2.9% of Norwood Investment Partners LP's holdings, making the stock its 10th biggest holding. Norwood Investment Partners LP owned about 0.22% of MeridianLink worth $4,186,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Quadrature Capital Ltd acquired a new stake in MeridianLink in the third quarter valued at $219,000. Barclays PLC increased its stake in shares of MeridianLink by 9.2% in the third quarter. Barclays PLC now owns 9,679 shares of the company's stock valued at $165,000 after buying an additional 815 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of MeridianLink by 196.4% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,416 shares of the company's stock worth $75,000 after acquiring an additional 2,926 shares during the last quarter. SG Americas Securities LLC lifted its stake in shares of MeridianLink by 26.6% in the fourth quarter. SG Americas Securities LLC now owns 7,983 shares of the company's stock worth $198,000 after acquiring an additional 1,679 shares during the period. Finally, Bank of New York Mellon Corp boosted its holdings in MeridianLink by 1.6% in the third quarter. Bank of New York Mellon Corp now owns 97,084 shares of the company's stock valued at $1,656,000 after acquiring an additional 1,538 shares during the last quarter. 82.65% of the stock is owned by institutional investors and hedge funds.

MeridianLink Stock Down 0.2 %

NYSE:MLNK traded down $0.04 on Friday, hitting $16.74. The stock had a trading volume of 252,713 shares, compared to its average volume of 204,597. MeridianLink, Inc. has a 1 year low of $14.89 and a 1 year high of $25.88. The firm's fifty day simple moving average is $17.84 and its two-hundred day simple moving average is $19.82. The company has a debt-to-equity ratio of 0.90, a quick ratio of 2.23 and a current ratio of 1.51. The stock has a market cap of $1.28 billion, a P/E ratio of -31.00 and a beta of 0.95.

MeridianLink (NYSE:MLNK - Get Free Report) last announced its quarterly earnings data on Tuesday, May 7th. The company reported $0.06 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.07 by ($0.01). The business had revenue of $77.82 million during the quarter, compared to the consensus estimate of $76.79 million. MeridianLink had a negative net margin of 13.86% and a negative return on equity of 6.72%. The firm's revenue for the quarter was up .9% compared to the same quarter last year. During the same quarter last year, the company earned ($0.04) EPS. Analysts predict that MeridianLink, Inc. will post -0.02 earnings per share for the current year.

Analyst Upgrades and Downgrades

MLNK has been the subject of several research analyst reports. Citigroup lowered their price objective on MeridianLink from $23.50 to $22.00 and set a "neutral" rating for the company in a research report on Wednesday, March 6th. William Blair restated an "outperform" rating on shares of MeridianLink in a report on Wednesday, March 6th. Wolfe Research upgraded shares of MeridianLink from an "underperform" rating to a "peer perform" rating in a research note on Thursday, February 8th. Stifel Nicolaus dropped their target price on shares of MeridianLink from $20.00 to $18.00 and set a "hold" rating on the stock in a research report on Wednesday, March 6th. Finally, Barclays reduced their price target on shares of MeridianLink from $23.00 to $20.00 and set an "underweight" rating for the company in a report on Thursday, March 7th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat, MeridianLink has an average rating of "Hold" and a consensus target price of $19.60.

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.