11 Sep Medallion Financial (NASDAQ:MFIN) Share Price Crosses Above…
Medallion Financial Corp (NASDAQ:MFIN)’s stock price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $6.20 and traded as high as $5.42. Medallion Financial shares last traded at $5.28, with a volume of 3,478 shares changing hands.
Several equities research analysts have recently weighed in on the stock. Zacks Investment Research cut shares of Medallion Financial from a “hold” rating to a “sell” rating in a research report on Tuesday, August 6th. ValuEngine raised shares of Medallion Financial from a “sell” rating to a “hold” rating in a report on Wednesday, August 7th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $10.67.
The firm has a market capitalization of $133.57 million, a PE ratio of -9.96 and a beta of 1.48. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.13 and a current ratio of 1.13. The stock has a fifty day moving average price of $4.77 and a 200-day moving average price of $6.19.
Medallion Financial (NASDAQ:MFIN) last issued its quarterly earnings data on Monday, August 5th. The credit services provider reported ($0.31) earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.36). Medallion Financial had a negative return on equity of 0.63% and a negative net margin of 1.05%. The company had revenue of $24.88 million for the quarter, compared to analysts’ expectations of $31.52 million. Research analysts expect that Medallion Financial Corp will post -0.03 earnings per share for the current fiscal year.
A number of institutional investors have recently made changes to their positions in MFIN. Tower Research Capital LLC TRC lifted its position in shares of Medallion Financial by 1,344.9% during the second quarter. Tower Research Capital LLC TRC now owns 6,242 shares of the credit services provider’s stock valued at $42,000 after buying an additional 5,810 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Medallion Financial by 200.6% during the 2nd quarter. JPMorgan Chase & Co. now owns 6,614 shares of the credit services provider’s stock worth $42,000 after acquiring an additional 4,414 shares in the last quarter. Quinn Opportunity Partners LLC bought a new position in shares of Medallion Financial during the 1st quarter worth approximately $80,000. Northern Trust Corp purchased a new stake in Medallion Financial during the second quarter valued at approximately $128,000. Finally, Deutsche Bank AG lifted its position in Medallion Financial by 93.6% during the fourth quarter. Deutsche Bank AG now owns 35,685 shares of the credit services provider’s stock valued at $166,000 after acquiring an additional 17,255 shares during the last quarter. Institutional investors and hedge funds own 22.32% of the company’s stock.
Medallion Financial Company Profile (NASDAQ:MFIN)
Medallion Financial Corp., through with its subsidiaries, operates as a finance company in the United States. It originates, acquires, and services loans that finance taxicab medallions and various types of commercial businesses. The company offers consumer loans for the purchase of recreational vehicles, boats, motorcycles, and trailers, as well as to finance small scale home improvements; and commercial loans for the purchase of equipment and related assets necessary to open a new business, or purchase or improvement of an existing business.
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