Medallion Financial Corp. (NASDAQ:MFIN)’s share price traded down 1.2% on Tuesday . The stock traded as low as $4.96 and last traded at $5.00, with a volume of 129,854 shares trading hands. The stock had previously closed at $5.06.

Several equities analysts have weighed in on the stock. Sandler O’Neill downgraded shares of Medallion Financial Corp. from a “buy” rating to a “hold” rating and dropped their target price for the company from $12.00 to $6.50 in a report on Wednesday, August 10th. Keefe, Bruyette & Woods restated a “hold” rating and set a $8.00 target price (down from $9.75) on shares of Medallion Financial Corp. in a report on Monday, July 11th.

The stock has a market cap of $121.05 million and a P/E ratio of 4.76. The stock has a 50 day moving average of $6.87 and a 200-day moving average of $7.66.

Medallion Financial Corp. (NASDAQ:MFIN) last announced its quarterly earnings results on Tuesday, August 2nd. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by $0.06. Equities analysts predict that Medallion Financial Corp. will post $0.85 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 31st. Stockholders of record on Wednesday, August 24th will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 4.00%. The ex-dividend date of this dividend is Monday, August 22nd.

In other news, President Andrew Murstein purchased 10,000 shares of Medallion Financial Corp. stock in a transaction dated Thursday, August 11th. The stock was bought at an average price of $5.49 per share, with a total value of $54,900.00. Following the completion of the acquisition, the president now owns 225,335 shares in the company, valued at approximately $1,237,089.15. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

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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