Shares of Medallion Financial Corp (NASDAQ:MFIN) have been assigned a consensus broker rating score of 1.00 (Strong Buy) from the three brokers that provide coverage for the company, Zacks Investment Research reports. Three research analysts have rated the stock with a strong buy rating.

Analysts have set a 1 year consensus price objective of $10.67 for the company and are forecasting that the company will post $0.11 earnings per share for the current quarter, according to Zacks. Zacks has also given Medallion Financial an industry rank of 97 out of 256 based on the ratings given to its competitors.

Several brokerages have commented on MFIN. Northland Securities reaffirmed a “buy” rating and issued a $12.00 price objective on shares of Medallion Financial in a research report on Tuesday, May 7th. ValuEngine raised shares of Medallion Financial from a “sell” rating to a “hold” rating in a research report on Wednesday, August 7th. Finally, Zacks Investment Research lowered shares of Medallion Financial from a “hold” rating to a “sell” rating in a research report on Tuesday, August 6th.

In other news, CEO Alvin Murstein acquired 10,000 shares of Medallion Financial stock in a transaction that occurred on Thursday, August 8th. The stock was bought at an average price of $4.74 per share, with a total value of $47,400.00. Following the completion of the purchase, the chief executive officer now owns 44,566 shares in the company, valued at $211,242.84. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Thomas J. Munson sold 4,248 shares of the business’s stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of $7.34, for a total transaction of $31,180.32. Following the transaction, the insider now directly owns 17,670 shares of the company’s stock, valued at approximately $129,697.80. The disclosure for this sale can be found here. In the last ninety days, insiders acquired 17,200 shares of company stock worth $81,226. Insiders own 17.10% of the company’s stock.

A number of large investors have recently modified their holdings of MFIN. Tower Research Capital LLC TRC raised its holdings in Medallion Financial by 1,344.9% in the 2nd quarter. Tower Research Capital LLC TRC now owns 6,242 shares of the credit services provider’s stock worth $42,000 after purchasing an additional 5,810 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Medallion Financial by 200.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 6,614 shares of the credit services provider’s stock worth $42,000 after purchasing an additional 4,414 shares in the last quarter. Quinn Opportunity Partners LLC bought a new position in Medallion Financial in the 1st quarter worth $80,000. Northern Trust Corp bought a new position in Medallion Financial in the 2nd quarter worth $128,000. Finally, Deutsche Bank AG raised its holdings in Medallion Financial by 93.6% in the 4th quarter. Deutsche Bank AG now owns 35,685 shares of the credit services provider’s stock worth $166,000 after purchasing an additional 17,255 shares in the last quarter. 14.43% of the stock is owned by institutional investors.

Shares of NASDAQ MFIN traded up $0.03 during mid-day trading on Thursday, reaching $4.42. 69,248 shares of the company’s stock traded hands, compared to its average volume of 129,217. The company has a market capitalization of $113.40 million, a PE ratio of -8.19 and a beta of 1.50. The business has a 50-day moving average of $5.50. Medallion Financial has a 1-year low of $4.07 and a 1-year high of $7.80. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.12 and a current ratio of 1.12.

Medallion Financial (NASDAQ:MFIN) last released its quarterly earnings results on Monday, August 5th. The credit services provider reported ($0.31) earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.36). Medallion Financial had a negative net margin of 1.05% and a negative return on equity of 0.63%. The firm had revenue of $24.88 million for the quarter, compared to the consensus estimate of $31.52 million. As a group, sell-side analysts anticipate that Medallion Financial will post -0.03 EPS for the current year.

Medallion Financial Company Profile

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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