Medallion Financial Corp. (MFIN) Trading Down 3.2%
Medallion Financial Corp. (NASDAQ:MFIN) shares were down 3.2% during trading on Thursday . The stock traded as low as $4.51 and last traded at $4.58, with a volume of 163,984 shares. The stock had previously closed at $4.73.
Several research analysts have commented on MFIN shares. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $8.00 price target (down previously from $9.75) on shares of Medallion Financial Corp. in a report on Monday, July 11th. Sandler O’Neill downgraded shares of Medallion Financial Corp. from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $12.00 to $6.50 in a research report on Wednesday, August 10th.
The firm has a 50 day moving average of $6.40 and a 200 day moving average of $7.59. The company has a market capitalization of $111.12 million and a price-to-earnings ratio of 4.37.
Medallion Financial Corp. (NASDAQ:MFIN) last announced its quarterly earnings data 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. Analysts expect that Medallion Financial Corp. will post $0.85 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 31st. Stockholders of record on Wednesday, August 24th were issued a dividend of $0.05 per share. The ex-dividend date was Monday, August 22nd. This represents a $0.20 annualized dividend and a dividend yield of 4.36%.
In related news, President Andrew Murstein acquired 10,000 shares of the business’s stock in a transaction dated Thursday, August 11th. The shares were acquired at an average cost of $5.49 per share, for a total transaction of $54,900.00. Following the acquisition, the president now directly owns 225,335 shares in the company, valued at approximately $1,237,089.15. The acquisition was disclosed in a legal filing with the SEC, which is accessible 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.