Medallion Financial Corp (NASDAQ:MFIN) has earned an average broker rating score of 1.00 (Strong Buy) from the three brokers that provide coverage for the company, Zacks Investment Research reports. Three analysts have rated the stock with a strong buy rating.
Analysts have set a 1 year consensus target price of $10.67 for the company and are predicting that the company will post $0.05 EPS for the current quarter, according to Zacks. Zacks has also assigned Medallion Financial an industry rank of 107 out of 256 based on the ratings given to related companies.
A number of equities analysts have commented on MFIN shares. ValuEngine raised Medallion Financial from a “buy” rating to a “strong-buy” rating in a report on Friday, February 22nd. BTIG Research started coverage on Medallion Financial in a report on Friday, February 22nd. They set a “buy” rating and a $10.00 target price for the company. B. Riley set a $10.00 target price on Medallion Financial and gave the company a “buy” rating in a report on Thursday, February 28th. Northland Securities reissued a “buy” rating and set a $12.00 target price on shares of Medallion Financial in a report on Monday, April 15th. Finally, Zacks Investment Research cut Medallion Financial from a “hold” rating to a “strong sell” rating in a report on Wednesday, March 6th.
In related news, insider Thomas J. Munson sold 4,248 shares of the stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $7.34, for a total value of $31,180.32. Following the completion of the sale, the insider now owns 17,670 shares of the company’s stock, valued at $129,697.80. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 16.70% of the stock is currently owned by company insiders.
Several large investors have recently bought and sold shares of the stock. Wellington Management Group LLP purchased a new position in shares of Medallion Financial during the first quarter worth $2,718,000. Morgan Stanley raised its stake in Medallion Financial by 64.5% in the first quarter. Morgan Stanley now owns 580,772 shares of the credit services provider’s stock valued at $4,008,000 after buying an additional 227,615 shares in the last quarter. Tieton Capital Management LLC acquired a new stake in Medallion Financial in the first quarter valued at $1,458,000. Seacliff Capital LLC acquired a new stake in Medallion Financial in the fourth quarter valued at $528,000. Finally, B. Riley Financial Inc. raised its stake in Medallion Financial by 107.4% in the fourth quarter. B. Riley Financial Inc. now owns 207,350 shares of the credit services provider’s stock valued at $972,000 after buying an additional 107,350 shares in the last quarter. 14.92% of the stock is owned by hedge funds and other institutional investors.
Shares of MFIN opened at $6.69 on Friday. The stock has a market capitalization of $164.57 million, a PE ratio of -12.39 and a beta of 1.71. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.56. Medallion Financial has a 52 week low of $4.07 and a 52 week high of $7.80.
Medallion Financial (NASDAQ:MFIN) last announced its earnings results on Monday, May 6th. The credit services provider reported $0.05 EPS for the quarter, meeting analysts’ consensus estimates of $0.05. Medallion Financial had a negative return on equity of 3.12% and a negative net margin of 5.09%. The business had revenue of $29.18 million during the quarter, compared to analysts’ expectations of $26.71 million. On average, research analysts predict that Medallion Financial will post 0.42 EPS for the current fiscal year.
About Medallion Financial
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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