Medallion Financial (NASDAQ:MFIN) Stock Price Crosses Above Two Hundred Day Moving Average – What’s Next?

Medallion Financial Corp. (NASDAQ:MFIN) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $8.47 and traded as high as $9.89. Medallion Financial shares last traded at $9.61, with a volume of 32,474 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Medallion Financial from a “hold” rating to a “buy” rating in a research report on Saturday, November 16th.

Medallion Financial Trading Down 0.6 %

The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.18 and a current ratio of 1.18. The company has a market capitalization of $221.68 million, a price-to-earnings ratio of 5.69 and a beta of 2.11. The firm has a fifty day moving average price of $9.45 and a 200-day moving average price of $8.47.

Medallion Financial (NASDAQ:MFIN) last posted its quarterly earnings data on Tuesday, October 29th. The credit services provider reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.01. Medallion Financial had a net margin of 13.72% and a return on equity of 9.52%. The business had revenue of $77.00 million during the quarter, compared to analysts’ expectations of $52.88 million. During the same quarter in the prior year, the business posted $0.48 earnings per share. As a group, equities analysts anticipate that Medallion Financial Corp. will post 1.48 EPS for the current year.

Medallion Financial Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Friday, November 15th were given a dividend of $0.11 per share. This is a positive change from Medallion Financial’s previous quarterly dividend of $0.10. The ex-dividend date was Friday, November 15th. This represents a $0.44 annualized dividend and a dividend yield of 4.58%. Medallion Financial’s dividend payout ratio (DPR) is currently 26.04%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in MFIN. Geode Capital Management LLC increased its stake in shares of Medallion Financial by 2.4% in the 3rd quarter. Geode Capital Management LLC now owns 416,956 shares of the credit services provider’s stock valued at $3,394,000 after purchasing an additional 9,849 shares during the last quarter. Stifel Financial Corp boosted its stake in Medallion Financial by 4.2% in the third quarter. Stifel Financial Corp now owns 272,949 shares of the credit services provider’s stock valued at $2,222,000 after buying an additional 10,974 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its position in Medallion Financial by 32.2% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 213,477 shares of the credit services provider’s stock valued at $1,738,000 after acquiring an additional 51,941 shares during the last quarter. State Street Corp raised its stake in Medallion Financial by 0.7% during the third quarter. State Street Corp now owns 204,558 shares of the credit services provider’s stock worth $1,665,000 after acquiring an additional 1,333 shares in the last quarter. Finally, American Century Companies Inc. lifted its holdings in shares of Medallion Financial by 30.6% in the second quarter. American Century Companies Inc. now owns 187,408 shares of the credit services provider’s stock worth $1,439,000 after acquiring an additional 43,917 shares during the last quarter. 40.56% of the stock is currently owned by institutional investors and hedge funds.

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.