Medallion Financial Corp. (MFIN) Sets New 52-Week Low at $4.75
Medallion Financial Corp. (NASDAQ:MFIN) shares hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $4.75 and last traded at $4.82, with a volume of 147,088 shares. The stock had previously closed at $4.91.
Several research analysts recently issued reports on the company. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $8.00 price objective (down previously from $9.75) on shares of Medallion Financial Corp. in a research note on Monday, July 11th. Sandler O’Neill cut Medallion Financial Corp. from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $12.00 to $6.50 in a research note on Wednesday, August 10th.
The stock has a market cap of $114.51 million and a P/E ratio of 4.50. The stock has a 50-day moving average of $6.40 and a 200 day moving average of $7.59.
Medallion Financial Corp. (NASDAQ:MFIN) last released its earnings results on Tuesday, August 2nd. The company reported $0.19 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.25 by $0.06. Equities analysts expect that Medallion Financial Corp. will post $0.85 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 31st. Shareholders of record on Wednesday, August 24th were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 4.23%. The ex-dividend date was Monday, August 22nd.
In other Medallion Financial Corp. news, President Andrew Murstein bought 10,000 shares of the firm’s stock in a transaction on Thursday, August 11th. The shares were acquired at an average cost of $5.49 per share, with a total value of $54,900.00. Following the purchase, the president now directly owns 225,335 shares of the company’s stock, valued at approximately $1,237,089.15. The acquisition was disclosed in a legal filing with the SEC, which is available at this link.
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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