Shares of Medallion Financial Corp (NASDAQ:MFIN) have received a consensus broker rating score of 1.00 (Strong Buy) from the two analysts that cover the stock, Zacks Investment Research reports. Two analysts have rated the stock with a strong buy recommendation.
Brokers have set a 12-month consensus price objective of $10.00 for the company and are anticipating that the company will post $0.14 EPS for the current quarter, according to Zacks. Zacks has also assigned Medallion Financial an industry rank of 108 out of 255 based on the ratings given to related companies.
Several research analysts have weighed in on the stock. Zacks Investment Research downgraded shares of Medallion Financial from a “hold” rating to a “strong sell” rating in a report on Saturday, September 1st. B. Riley assumed coverage on shares of 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 downgraded shares of Medallion Financial from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 2nd.
An institutional investor recently bought a new position in Medallion Financial stock. Ridgewood Investments LLC bought a new position in Medallion Financial Corp (NASDAQ:MFIN) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 19,490 shares of the credit services provider’s stock, valued at approximately $107,000. Ridgewood Investments LLC owned approximately 0.08% of Medallion Financial at the end of the most recent reporting period. Institutional investors own 17.09% of the company’s stock.
MFIN traded down $0.10 during trading on Friday, hitting $6.70. 35,072 shares of the company’s stock were exchanged, compared to its average volume of 149,892. 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 has a fifty-two week low of $2.08 and a fifty-two week high of $6.90. The company has a market cap of $166.92 million, a price-to-earnings ratio of 21.61 and a beta of 1.80.
Medallion Financial (NASDAQ:MFIN) last released 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 business had revenue of $29.60 million for the quarter. equities analysts forecast that Medallion Financial will post -1.61 earnings per share for the current fiscal year.
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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