MeridianLink, Inc. (NYSE:MLNK) Major Shareholder Thoma Bravo Ugp, Llc Sells 6,000,000 Shares of Stock

MeridianLink, Inc. (NYSE:MLNK) major shareholder Thoma Bravo Ugp, Llc sold 6,000,000 shares of the company’s stock in a transaction dated Monday, September 30th. The shares were sold at an average price of $21.05, for a total value of $126,300,000.00. Following the completion of the sale, the insider now owns 29,582,388 shares of the company’s stock, valued at approximately $622,709,267.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

MeridianLink Stock Performance

Shares of MLNK stock opened at $20.56 on Tuesday. MeridianLink, Inc. has a 12 month low of $14.89 and a 12 month high of $25.88. The company’s fifty day simple moving average is $22.73 and its 200-day simple moving average is $20.44. The firm has a market cap of $1.58 billion, a PE ratio of -38.07 and a beta of 1.01. The company has a quick ratio of 2.04, a current ratio of 2.04 and a debt-to-equity ratio of 1.06.

MeridianLink (NYSE:MLNK) last issued its quarterly earnings results on Thursday, August 8th. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.04). The business had revenue of $78.70 million for the quarter, compared to the consensus estimate of $78.08 million. MeridianLink had a negative return on equity of 7.62% and a negative net margin of 15.16%. The company’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same period last year, the firm earned ($0.06) earnings per share. Equities research analysts expect that MeridianLink, Inc. will post -0.27 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. nVerses Capital LLC bought a new position in shares of MeridianLink in the second quarter valued at $41,000. Russell Investments Group Ltd. grew its position in shares of MeridianLink by 26.4% in the 1st quarter. Russell Investments Group Ltd. now owns 15,430 shares of the company’s stock valued at $289,000 after acquiring an additional 3,226 shares during the period. Capstone Investment Advisors LLC acquired a new position in shares of MeridianLink during the 1st quarter worth about $325,000. Squarepoint Ops LLC bought a new stake in shares of MeridianLink in the 2nd quarter valued at about $336,000. Finally, The Manufacturers Life Insurance Company lifted its stake in MeridianLink by 10.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 16,218 shares of the company’s stock valued at $346,000 after purchasing an additional 1,490 shares during the last quarter. 82.65% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently weighed in on MLNK. Stifel Nicolaus increased their price target on shares of MeridianLink from $18.00 to $22.00 and gave the company a “hold” rating in a research report on Friday, August 9th. Barclays increased their target price on MeridianLink from $18.00 to $20.00 and gave the stock an “underweight” rating in a research note on Friday, August 9th. Finally, UBS Group lifted their price target on shares of MeridianLink from $17.00 to $18.00 and gave the company a “sell” rating in a research note on Tuesday, August 13th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $20.60.

MeridianLink Company 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.