Shares of Medallion Financial Corp. (NASDAQ:MFIN) dropped 3.6% on Monday . The stock traded as low as $6.06 and last traded at $6.14, with a volume of 131,578 shares trading hands. The stock had previously closed at $6.37.

Separately, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $8.00 price target (down previously from $9.75) on shares of Medallion Financial Corp. in a research note on Monday, July 11th.

The stock has a market capitalization of $146.71 million and a price-to-earnings ratio of 5.77. The firm’s 50 day moving average is $7.46 and its 200-day moving average is $7.74.

Medallion Financial Corp. (NASDAQ:MFIN) last issued its earnings results on Tuesday, August 2nd. The company reported $0.19 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.25 by $0.06. Equities analysts forecast that Medallion Financial Corp. will post $0.91 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 31st. Investors of record on Wednesday, August 24th will be issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 3.30%. The ex-dividend date is Monday, August 22nd.

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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