Medallion Financial (MFIN) Issues Quarterly Earnings Results

Medallion Financial (NASDAQ:MFIN) posted its earnings results on Monday. The credit services provider reported ($0.19) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.25), Fidelity Earnings reports. Medallion Financial had a negative return on equity of 8.25% and a negative net margin of 47.96%.

Shares of NASDAQ MFIN opened at $6.76 on Tuesday. Medallion Financial has a twelve month low of $2.50 and a twelve month high of $7.25. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.53. The firm has a market capitalization of $172.05 million, a PE ratio of 21.81 and a beta of 1.56.

Several research firms have issued reports on MFIN. Zacks Investment Research raised Medallion Financial from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 17th. B. Riley set a $10.00 price objective on Medallion Financial and gave the company a “buy” rating in a research note on Tuesday, November 6th. Finally, ValuEngine raised Medallion Financial from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, October 2nd. Two analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $8.33.

A hedge fund recently bought a new stake in Medallion Financial stock. Ridgewood Investments LLC acquired a new stake in Medallion Financial Corp (NASDAQ:MFIN) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 19,490 shares of the credit services provider’s stock, valued at approximately $107,000. Ridgewood Investments LLC owned approximately 0.08% of Medallion Financial at the end of the most recent quarter. Institutional investors and hedge funds own 17.39% of the company’s stock.

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About Medallion Financial

Medallion Financial Corp., through with its subsidiaries, operates as a specialty 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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Earnings History for Medallion Financial (NASDAQ:MFIN)

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