Kestrel Investment Management’s Marlin Business Services Corp MRLN Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2022 Q1	–	Sell	-52,500	Closed	-$1.22M	–	43
2021 Q4	$1.22M	Sell	52,500 -1,700	-3%	-$39.6K	0.55%	39
2021 Q3	$1.21M	Sell	54,200 -9,400	-15%	-$209K	0.57%	39
2021 Q2	$1.45M	Sell	63,600 -200	-0.3%	-$4.55K	0.57%	39
2021 Q1	$870K	Sell	63,800 -4,200	-6%	-$57.3K	0.36%	39
2020 Q4	$832K	Sell	68,000 -300	-0.4%	-$3.67K	0.41%	39
2020 Q3	$482K	Sell	68,300 -300	-0.4%	-$2.12K	0.28%	40
2020 Q2	$580K	Sell	68,600 -8,900	-11%	-$75.2K	0.37%	37
2020 Q1	$866K	Sell	77,500 -3,975	-5%	-$44.4K	0.67%	36
2019 Q4	$1.79M	Sell	81,475 -6,200	-7%	-$136K	0.83%	38
2019 Q3	$2.21M	Sell	87,675 -350	-0.4%	-$8.82K	1.1%	37
2019 Q2	$2.19M	Sell	88,025 -1,000	-1%	-$24.9K	1.04%	39
2019 Q1	$1.91M	Sell	89,025 -1,100	-1%	-$23.7K	0.88%	39
2018 Q4	$2.01M	Sell	90,125 -2,300	-2%	-$51.3K	1.01%	42
2018 Q3	$2.67M	Sell	92,425 -6,200	-6%	-$179K	1.08%	41
2018 Q2	$2.94M	Sell	98,625 -3,000	-3%	-$89.6K	1.08%	37
2018 Q1	$2.88M	Sell	101,625 -5,100	-5%	-$145K	1.09%	36
2017 Q4	$2.39M	Sell	106,725 -2,300	-2%	-$51.5K	0.83%	38
2017 Q3	$3.13M	Buy	+109,025	New	+$3.13M	1.11%	38
2016 Q4	–	Sell	-90,550	Closed	-$1.76M	–	44
2016 Q3	$1.76M	Sell	90,550 -9,500	-9%	-$184K	0.74%	40
2016 Q2	$1.63M	Sell	100,050 -13,100	-12%	-$214K	0.67%	41
2016 Q1	$1.62M	Sell	113,150 -1,250	-1%	-$17.9K	0.62%	42
2015 Q4	$1.84M	Sell	114,400 -63,100	-36%	-$1.01M	0.73%	38
2015 Q3	$2.73M	Sell	177,500 -2,275	-1%	-$35K	0.95%	35
2015 Q2	$3.04M	Sell	179,775 -47,850	-21%	-$808K	0.94%	36
2015 Q1	$4.56M	Buy	227,625 +53,900	+31%	+$1.08M	0.62%	51
2014 Q4	$3.57M	Buy	+173,725	New	+$3.57M	0.48%	52