Medallion Financial Corp. (MFIN) Sets New 1-Year Low at $5.15
Shares of Medallion Financial Corp. (NASDAQ:MFIN) hit a new 52-week low on Thursday . The stock traded as low as $5.15 and last traded at $5.16, with a volume of 71,760 shares trading hands. The stock had previously closed at $5.27.
Several analysts recently weighed in on MFIN shares. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $8.00 price objective (down from $9.75) on shares of Medallion Financial Corp. in a report on Monday, July 11th. Sandler O’Neill lowered Medallion Financial Corp. from a “buy” rating to a “hold” rating and lowered their target price for the company from $12.00 to $6.50 in a report on Wednesday, August 10th.
The company’s 50-day moving average is $7.12 and its 200-day moving average is $7.69. The company has a market capitalization of $123.71 million and a P/E ratio of 4.87.
Medallion Financial Corp. (NASDAQ:MFIN) last posted its earnings results on Tuesday, August 2nd. The company reported $0.19 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.25 by $0.06. On average, equities research analysts predict that Medallion Financial Corp. will post $0.85 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 31st. Shareholders 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 3.80%. The ex-dividend date is Monday, August 22nd.
In other news, President Andrew Murstein purchased 10,000 shares of the firm’s stock in a transaction on Thursday, August 11th. The stock was bought at an average cost of $5.49 per share, for a total transaction of $54,900.00. Following the completion of the acquisition, the president now directly owns 225,335 shares of the company’s stock, valued at $1,237,089.15. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.
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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