Medallion Financial (NASDAQ:MFIN) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of Medallion Financial (NASDAQ:MFIN) from a hold rating to a buy rating in a research report released on Monday morning.

Medallion Financial Stock Performance

Shares of NASDAQ MFIN opened at $9.37 on Monday. The company has a market cap of $217.10 million, a P/E ratio of 5.21 and a beta of 2.14. Medallion Financial has a 52-week low of $6.48 and a 52-week high of $10.14. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.19 and a current ratio of 1.19. The firm’s fifty day moving average is $8.17 and its two-hundred day moving average is $8.04.

Medallion Financial (NASDAQ:MFIN) last issued its quarterly earnings data on Tuesday, October 29th. The credit services provider reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.01. Medallion Financial had a net margin of 14.97% and a return on equity of 10.35%. The business had revenue of $77.00 million during the quarter, compared to analysts’ expectations of $52.88 million. During the same period last year, the company posted $0.48 EPS. As a group, analysts anticipate that Medallion Financial will post 1.49 EPS for the current fiscal year.

Medallion Financial Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Wednesday, November 27th. Investors of record on Friday, November 15th will be issued a dividend of $0.11 per share. The ex-dividend date is Friday, November 15th. Medallion Financial’s payout ratio is currently 22.22%.

Institutional Investors Weigh In On Medallion Financial

Institutional investors and hedge funds have recently bought and sold shares of the company. Panagora Asset Management Inc. bought a new stake in shares of Medallion Financial in the second quarter valued at about $462,000. Bank of New York Mellon Corp grew its stake in Medallion Financial by 60.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 140,794 shares of the credit services provider’s stock worth $1,081,000 after buying an additional 52,857 shares during the last quarter. American Century Companies Inc. increased its stake in Medallion Financial by 30.6% during the 2nd quarter. American Century Companies Inc. now owns 187,408 shares of the credit services provider’s stock valued at $1,439,000 after purchasing an additional 43,917 shares in the last quarter. Rhumbline Advisers raised its stake in Medallion Financial by 2,306.5% in the 2nd quarter. Rhumbline Advisers now owns 24,185 shares of the credit services provider’s stock worth $186,000 after acquiring an additional 23,180 shares during the last quarter. Finally, Denali Advisors LLC increased its holdings in Medallion Financial by 100.4% in the 1st quarter. Denali Advisors LLC now owns 44,700 shares of the credit services provider’s stock worth $354,000 after buying an additional 22,400 shares during the period. 40.56% of the stock is owned by institutional investors.

Medallion Financial Company Profile

Medallion Financial Corp., together with its subsidiaries, operates as a specialty finance company in the United States. It operates in four segments: Recreation Lending, Home Improvement Lending, Commercial Lending, and Taxi Medallion Lending. The company offers loans that finance consumer purchases of recreational vehicles, boats, and other consumer recreational equipment; consumer financing for window, siding, and roof replacement, swimming pool installations, and other home improvement projects; senior and subordinated loans for the purchase of equipment and related assets necessary to open a new business, or purchase or improvement of an existing business; and taxi medallion loans to individuals and small to mid-size businesses.