Medallion Financial (NASDAQ:MFIN) Lowered to Hold at StockNews.com

StockNews.com lowered shares of Medallion Financial (NASDAQ:MFINGet Rating) from a buy rating to a hold rating in a research report sent to investors on Friday morning.

MFIN has been the topic of a number of other reports. B. Riley lowered their price target on shares of Medallion Financial from $13.00 to $12.00 in a research report on Tuesday, April 12th. Zacks Investment Research lowered shares of Medallion Financial from a hold rating to a sell rating in a research report on Friday, May 6th.

Shares of NASDAQ MFIN opened at $7.67 on Friday. The company’s 50-day simple moving average is $8.41 and its 200-day simple moving average is $7.98. Medallion Financial has a 52-week low of $3.50 and a 52-week high of $10.05. The firm has a market cap of $195.66 million, a price-to-earnings ratio of 3.45 and a beta of 2.35. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.62.

Medallion Financial (NASDAQ:MFINGet Rating) last posted its quarterly earnings results on Monday, May 2nd. The credit services provider reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.08. Medallion Financial had a net margin of 28.27% and a return on equity of 16.37%. Equities research analysts anticipate that Medallion Financial will post 1.42 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 31st. Shareholders of record on Monday, May 16th will be paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 4.17%. The ex-dividend date is Friday, May 13th. Medallion Financial’s dividend payout ratio (DPR) is presently 14.41%.

Hedge funds have recently modified their holdings of the business. Janney Montgomery Scott LLC raised its stake in Medallion Financial by 15.9% during the fourth quarter. Janney Montgomery Scott LLC now owns 12,144 shares of the credit services provider’s stock worth $70,000 after purchasing an additional 1,670 shares during the period. Raymond James & Associates purchased a new stake in shares of Medallion Financial in the 3rd quarter valued at approximately $167,000. Wellington Management Group LLP raised its stake in shares of Medallion Financial by 10.3% in the 3rd quarter. Wellington Management Group LLP now owns 1,164,922 shares of the credit services provider’s stock valued at $9,133,000 after acquiring an additional 108,600 shares during the period. Key Colony Management LLC purchased a new stake in shares of Medallion Financial in the 4th quarter valued at approximately $5,633,000. Finally, Tieton Capital Management LLC raised its stake in shares of Medallion Financial by 16.0% in the 1st quarter. Tieton Capital Management LLC now owns 968,624 shares of the credit services provider’s stock valued at $8,233,000 after acquiring an additional 133,703 shares during the period. 27.89% of the stock is currently owned by institutional investors.

About Medallion Financial (Get Rating)

Medallion Financial Corp., together with its subsidiaries, operates as a finance company in the United States. The company operates through four segments: Recreation Lending, Home Improvement Lending, Commercial Lending, and Medallion Lending. It provides loans that finance consumer purchases of recreational vehicles, boats, and trailers; consumer home improvements; commercial businesses; and taxi medallions to individuals, and small to mid-size businesses.

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