Medallion Financial Corp. (MFIN) Shares Down 3.2%
Medallion Financial Corp. (NASDAQ:MFIN)’s share price dropped 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 trading hands. The stock had previously closed at $4.73.
MFIN has been the topic of several research reports. Keefe, Bruyette & Woods restated a “hold” rating and issued a $8.00 price target (down from $9.75) on shares of Medallion Financial Corp. in a research note on Monday, July 11th. Sandler O’Neill downgraded shares of Medallion Financial Corp. from a “buy” rating to a “hold” rating and decreased their price target for the company from $12.00 to $6.50 in a research note on Wednesday, August 10th.
The firm has a 50 day moving average of $6.21 and a 200-day moving average of $7.54. The stock has a market capitalization of $105.07 million and a price-to-earnings ratio of 4.13.
Medallion Financial Corp. (NASDAQ:MFIN) last issued its quarterly earnings data on Tuesday, August 2nd. The company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.25 by $0.06. Equities analysts expect that Medallion Financial Corp. will post $0.85 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 31st. Shareholders of record on Wednesday, August 24th were paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 4.61%. The ex-dividend date was Monday, August 22nd.
In related news, President Andrew Murstein acquired 10,000 shares of the company’s stock in a transaction on 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 purchase, the president now owns 225,335 shares in the company, valued at $1,237,089.15. The acquisition was disclosed in a legal filing with the SEC, which is accessible through 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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