SG Capital Management LLC Takes $2.12 Million Position in MeridianLink, Inc. (NYSE:MLNK)

SG Capital Management LLC bought a new stake in MeridianLink, Inc. (NYSE:MLNK) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 113,196 shares of the company’s stock, valued at approximately $2,117,000. SG Capital Management LLC owned approximately 0.15% of MeridianLink as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Jacobs Levy Equity Management Inc. boosted its holdings in MeridianLink by 10.9% during the first quarter. Jacobs Levy Equity Management Inc. now owns 263,525 shares of the company’s stock worth $4,928,000 after buying an additional 25,906 shares in the last quarter. Keenan Capital LLC raised its position in MeridianLink by 9.6% during the first quarter. Keenan Capital LLC now owns 2,565,269 shares of the company’s stock worth $47,971,000 after acquiring an additional 225,000 shares during the last quarter. Vanguard Group Inc. raised its position in MeridianLink by 32.8% during the first quarter. Vanguard Group Inc. now owns 2,756,231 shares of the company’s stock worth $51,542,000 after acquiring an additional 680,872 shares during the last quarter. Russell Investments Group Ltd. raised its position in MeridianLink by 26.4% during the first quarter. Russell Investments Group Ltd. now owns 15,430 shares of the company’s stock worth $289,000 after acquiring an additional 3,226 shares during the last quarter. Finally, Capstone Investment Advisors LLC acquired a new position in MeridianLink during the first quarter worth about $325,000. Hedge funds and other institutional investors own 82.65% of the company’s stock.

MeridianLink Stock Down 2.0 %

MLNK traded down $0.47 during midday trading on Friday, reaching $22.62. 292,551 shares of the company’s stock were exchanged, compared to its average volume of 238,649. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.51 and a current ratio of 1.51. The business’s 50-day moving average price is $21.34 and its 200 day moving average price is $19.79. MeridianLink, Inc. has a 1-year low of $14.89 and a 1-year high of $25.88.

MeridianLink (NYSE:MLNK) last released its earnings results 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 company had revenue of $77.82 million during the quarter, compared to analysts’ expectations of $76.79 million. MeridianLink had a negative net margin of 13.86% and a negative return on equity of 6.72%. MeridianLink’s revenue for the quarter was up .9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.04) earnings per share. On average, analysts anticipate that MeridianLink, Inc. will post -0.01 EPS 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.