MeridianLink, Inc. (NYSE:MLNK) Stake Increased by CenterBook Partners LP

CenterBook Partners LP lifted its holdings in shares of MeridianLink, Inc. (NYSE:MLNK - Free Report) by 111.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 340,287 shares of the company's stock after purchasing an additional 179,570 shares during the quarter. CenterBook Partners LP owned about 0.45% of MeridianLink worth $7,027,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in MLNK. Vanguard Group Inc. grew its holdings in MeridianLink by 10.5% in the 4th quarter. Vanguard Group Inc. now owns 3,266,023 shares of the company's stock valued at $67,443,000 after buying an additional 310,228 shares during the period. Victory Capital Management Inc. purchased a new stake in MeridianLink in the fourth quarter valued at approximately $29,461,000. Geode Capital Management LLC increased its position in MeridianLink by 11.4% during the fourth quarter. Geode Capital Management LLC now owns 672,526 shares of the company's stock worth $13,890,000 after purchasing an additional 69,083 shares during the last quarter. State Street Corp raised its stake in MeridianLink by 20.7% during the third quarter. State Street Corp now owns 667,201 shares of the company's stock worth $13,724,000 after purchasing an additional 114,578 shares during the period. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in shares of MeridianLink by 123.6% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 398,389 shares of the company's stock valued at $8,227,000 after purchasing an additional 220,240 shares during the last quarter. Hedge funds and other institutional investors own 82.65% of the company's stock.

MeridianLink Stock Down 0.3 %

MLNK traded down $0.05 during trading hours on Monday, reaching $16.57. 73,874 shares of the stock traded hands, compared to its average volume of 278,135. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.86 and a quick ratio of 1.86. The firm's fifty day simple moving average is $18.60 and its two-hundred day simple moving average is $20.42. The company has a market cap of $1.27 billion, a price-to-earnings ratio of -24.73 and a beta of 0.96. MeridianLink, Inc. has a fifty-two week low of $15.57 and a fifty-two week high of $25.33.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Citigroup lowered their price target on MeridianLink from $24.00 to $20.00 and set a "neutral" rating for the company in a research report on Friday, March 7th. Barclays cut their price target on shares of MeridianLink from $20.00 to $19.00 and set an "underweight" rating on the stock in a report on Friday, March 7th. Raymond James dropped their price objective on shares of MeridianLink from $28.00 to $24.00 and set an "outperform" rating for the company in a research report on Friday, March 7th. Bank of America lowered shares of MeridianLink from a "buy" rating to an "underperform" rating and reduced their target price for the company from $28.00 to $18.00 in a report on Thursday, January 30th. Finally, UBS Group lowered their price target on MeridianLink from $25.50 to $20.50 and set a "neutral" rating for the company in a report on Tuesday, March 4th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. According to MarketBeat, MeridianLink presently has a consensus rating of "Hold" and an average price target of $20.58.

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.