Medallion Financial Corp (NASDAQ:MFIN) has been given an average broker rating score of 1.00 (Strong Buy) from the two analysts that cover the company, Zacks Investment Research reports. Two research analysts have rated the stock with a strong buy recommendation.
Analysts have set a 12-month consensus target price of $10.00 for the company and are anticipating that the company will post $0.14 earnings per share for the current quarter, according to Zacks. Zacks has also given Medallion Financial an industry rank of 154 out of 255 based on the ratings given to related companies.
MFIN has been the topic of several recent research reports. Zacks Investment Research lowered Medallion Financial from a “hold” rating to a “strong sell” rating in a report on Saturday, September 1st. B. Riley initiated coverage on Medallion Financial in a report on Friday, September 7th. They set a “buy” rating and a $10.00 price objective on the stock. Finally, ValuEngine raised Medallion Financial from a “buy” rating to a “strong-buy” rating in a report on Tuesday, October 2nd.
Shares of NASDAQ:MFIN traded down $0.06 during trading on Wednesday, hitting $7.08. 84,400 shares of the stock were exchanged, compared to its average volume of 118,965. Medallion Financial has a 1-year low of $2.09 and a 1-year high of $7.25. The firm has a market capitalization of $162.52 million, a PE ratio of 22.84 and a beta of 1.79. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.53.
Medallion Financial (NASDAQ:MFIN) last announced its quarterly earnings data on Tuesday, August 14th. The credit services provider reported ($0.32) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.12) by ($0.20). Medallion Financial had a negative return on equity of 8.25% and a negative net margin of 47.96%. The firm had revenue of $29.60 million for the quarter. On average, sell-side analysts predict that Medallion Financial will post -1.61 EPS for the current year.
An institutional investor recently raised its position in Medallion Financial stock. Stifel Financial Corp boosted its stake in Medallion Financial Corp (NASDAQ:MFIN) by 8.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 379,130 shares of the credit services provider’s stock after buying an additional 28,912 shares during the quarter. Stifel Financial Corp owned approximately 1.55% of Medallion Financial worth $1,765,000 at the end of the most recent quarter. 17.09% of the stock is currently owned by hedge funds and other institutional investors.
Medallion Financial Company Profile
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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