Medallion Financial Corp. (MFIN) Reaches New 12-Month Low at $4.34
Medallion Financial Corp. (NASDAQ:MFIN) shares hit a new 52-week low during trading on Monday . The company traded as low as $4.34 and last traded at $4.34, with a volume of 245,400 shares trading hands. The stock had previously closed at $4.59.
A number of brokerages have commented on MFIN. Sandler O’Neill cut shares of Medallion Financial Corp. from a “buy” rating to a “hold” rating and reduced their price target for the company from $12.00 to $6.50 in a research report on Wednesday, August 10th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $8.00 price target (down from $9.75) on shares of Medallion Financial Corp. in a research report on Monday, July 11th.
The firm has a market cap of $105.07 million and a price-to-earnings ratio of 4.13. The company’s 50-day moving average price is $6.21 and its 200 day moving average price is $7.54.
Medallion Financial Corp. (NASDAQ:MFIN) last posted its quarterly earnings data 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. On average, equities analysts predict 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. Stockholders of record on Wednesday, August 24th were given a dividend of $0.05 per share. The ex-dividend date was Monday, August 22nd. This represents a $0.20 dividend on an annualized basis and a dividend yield of 4.61%.
In related news, President Andrew Murstein acquired 10,000 shares of the stock in a transaction dated Thursday, August 11th. The shares were purchased at an average cost of $5.49 per share, with a total value of $54,900.00. Following the transaction, the president now directly owns 225,335 shares in the company, valued at $1,237,089.15. The acquisition was disclosed in a filing with the SEC, which is accessible 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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