Medallion Financial Corp. (MFIN) Trading Up 1.5%
Shares of Medallion Financial Corp. (NASDAQ:MFIN) were up 1.5% during mid-day trading on Wednesday . The company traded as high as $7.97 and last traded at $7.87, with a volume of 78,712 shares. The stock had previously closed at $7.75.
Separately, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $8.00 target price (down previously from $9.75) on shares of Medallion Financial Corp. in a report on Monday.
The stock has a market capitalization of $194.16 million and a price-to-earnings ratio of 6.74. The stock has a 50 day moving average price of $7.44 and a 200 day moving average price of $7.69.
Medallion Financial Corp. (NASDAQ:MFIN) last issued its quarterly earnings results on Tuesday, May 10th. The company reported $0.28 EPS for the quarter, topping the consensus estimate of $0.27 by $0.01. The business earned $6.85 million during the quarter, compared to the consensus estimate of $8.64 million. On average, equities analysts expect that Medallion Financial Corp. will post $0.92 earnings per share for the current fiscal year.
Medallion Financial Corp. is a closed-end, non-diversified management investment company. The Company is a specialty finance company, which is engaged in originating, acquiring and servicing loans that finance taxicab medallions and various types of commercial businesses. The Company operates in lending and investing operations segment.
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