ValuEngine Downgrades Medallion Financial (MFIN) to Sell

ValuEngine lowered shares of Medallion Financial (NASDAQ:MFIN) from a hold rating to a sell rating in a report issued on Friday morning.

Several other analysts also recently issued reports on MFIN. Northland Securities initiated coverage on shares of Medallion Financial in a report on Thursday, February 15th. They issued an outperform rating and a $10.00 price target on the stock. Sandler O’Neill set a $5.00 price target on shares of Medallion Financial and gave the company a hold rating in a report on Tuesday, March 20th.

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Shares of NASDAQ MFIN remained flat at $$4.57 on Friday. 29,425 shares of the company’s stock traded hands, compared to its average volume of 63,036. Medallion Financial has a 12 month low of $1.84 and a 12 month high of $5.56. The stock has a market capitalization of $111.69, a P/E ratio of 14.73 and a beta of 1.71. The company has a quick ratio of 38.01, a current ratio of 38.01 and a debt-to-equity ratio of 1.14.

Medallion Financial (NASDAQ:MFIN) last announced its quarterly earnings results on Thursday, March 1st. The credit services provider reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.10). Medallion Financial had a net margin of 1.41% and a negative return on equity of 2.50%. The business had revenue of $2.62 million during the quarter, compared to analysts’ expectations of $0.88 million. equities research analysts expect that Medallion Financial will post 0.67 earnings per share for the current fiscal year.

In related news, insider Donald S. Poulton sold 7,500 shares of the company’s stock in a transaction that occurred on Thursday, March 15th. The shares were sold at an average price of $4.67, for a total transaction of $35,025.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 17.11% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Gabelli Funds LLC lifted its stake in shares of Medallion Financial by 33.3% during the fourth quarter. Gabelli Funds LLC now owns 100,000 shares of the credit services provider’s stock valued at $353,000 after buying an additional 25,000 shares during the period. Second Curve Capital LLC purchased a new position in shares of Medallion Financial during the fourth quarter valued at approximately $424,000. Finally, Stifel Financial Corp lifted its stake in shares of Medallion Financial by 26.9% during the third quarter. Stifel Financial Corp now owns 359,518 shares of the credit services provider’s stock valued at $786,000 after buying an additional 76,185 shares during the period. 17.23% of the stock is currently owned by institutional investors and hedge funds.

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Medallion Financial Company Profile

Medallion Financial Corp. is a closed-end, non-diversified management investment company. The Company is a specialty finance company, which is engaged in originating, acquiring and servicing loans that finance taxicab medallions and various types of commercial businesses. The Company operates in lending and investing operations segment.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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