MeridianLink, Inc. (NYSE:MLNK) Shares Purchased by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership boosted its holdings in shares of MeridianLink, Inc. (NYSE:MLNK) by 123.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 398,389 shares of the company’s stock after acquiring an additional 220,240 shares during the period. Arrowstreet Capital Limited Partnership’s holdings in MeridianLink were worth $8,227,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of MLNK. Quantbot Technologies LP purchased a new stake in shares of MeridianLink in the fourth quarter valued at approximately $65,000. KLP Kapitalforvaltning AS acquired a new position in MeridianLink during the fourth quarter worth $124,000. Proficio Capital Partners LLC purchased a new stake in MeridianLink in the 4th quarter valued at $234,000. Corebridge Financial Inc. increased its stake in shares of MeridianLink by 12.8% in the 4th quarter. Corebridge Financial Inc. now owns 16,260 shares of the company’s stock worth $336,000 after acquiring an additional 1,839 shares during the last quarter. Finally, Counterpoint Mutual Funds LLC purchased a new position in shares of MeridianLink during the 4th quarter worth $384,000. Institutional investors and hedge funds own 82.65% of the company’s stock.

MeridianLink Stock Down 5.5 %

MeridianLink stock opened at $16.63 on Monday. The company has a market capitalization of $1.27 billion, a PE ratio of -24.82 and a beta of 0.96. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.86 and a current ratio of 1.86. MeridianLink, Inc. has a fifty-two week low of $16.49 and a fifty-two week high of $25.33. The firm has a 50 day moving average price of $19.08 and a 200 day moving average price of $20.74.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on MLNK shares. Citigroup dropped their price objective on shares of MeridianLink from $24.00 to $20.00 and set a “neutral” rating for the company in a report on Friday, March 7th. Barclays dropped their price target on shares of MeridianLink from $20.00 to $19.00 and set an “underweight” rating for the company in a research note on Friday, March 7th. Bank of America lowered shares of MeridianLink from a “buy” rating to an “underperform” rating and reduced their price target for the company from $28.00 to $18.00 in a research report on Thursday, January 30th. William Blair reiterated an “outperform” rating on shares of MeridianLink in a research report on Friday, March 7th. Finally, Raymond James decreased their price target on MeridianLink from $28.00 to $24.00 and set an “outperform” rating on the stock in a research note on Friday, March 7th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $20.58.

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.