Medallion Financial Corp (NASDAQ:MFIN)’s stock price rose 11.9% during trading on Wednesday . The company traded as high as $6.04 and last traded at $6.02, approximately 232,273 shares traded hands during mid-day trading. An increase of 85% from the average daily volume of 125,262 shares. The stock had previously closed at $5.38.

A number of equities analysts have recently issued reports on MFIN shares. Zacks Investment Research downgraded Medallion Financial from a “hold” rating to a “sell” rating in a research note on Tuesday, August 6th. ValuEngine upgraded Medallion Financial from a “sell” rating to a “hold” rating in a research note on Wednesday, August 7th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $10.67.

The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.67. The firm has a market capitalization of $133.57 million, a price-to-earnings ratio of -11.15 and a beta of 1.48. The stock’s 50 day moving average price is $4.79 and its two-hundred day moving average price is $6.19.

Medallion Financial (NASDAQ:MFIN) last announced its quarterly earnings data on Monday, August 5th. The credit services provider reported ($0.31) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.05 by ($0.36). The company had revenue of $24.88 million during the quarter, compared to analyst estimates of $31.52 million. Medallion Financial had a negative net margin of 1.05% and a negative return on equity of 0.63%. On average, sell-side analysts forecast that Medallion Financial Corp will post -0.03 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently modified their holdings of MFIN. JPMorgan Chase & Co. lifted its position in shares of Medallion Financial by 200.6% during the 2nd quarter. JPMorgan Chase & Co. now owns 6,614 shares of the credit services provider’s stock valued at $42,000 after acquiring an additional 4,414 shares during the period. Tower Research Capital LLC TRC increased its stake 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 valued at $42,000 after purchasing an additional 5,810 shares in the last quarter. Quinn Opportunity Partners LLC purchased a new position in Medallion Financial in the 1st quarter valued at approximately $80,000. Tieton Capital Management LLC increased its stake in Medallion Financial by 7.6% in the 2nd quarter. Tieton Capital Management LLC now owns 227,345 shares of the credit services provider’s stock valued at $1,532,000 after purchasing an additional 16,070 shares in the last quarter. Finally, Deutsche Bank AG raised its holdings in Medallion Financial by 93.6% during the fourth 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 during the last quarter. Institutional investors own 22.32% of the company’s stock.

Medallion Financial Company Profile (NASDAQ:MFIN)

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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