Medallion Financial Corp. (MFIN) Reaches New 12-Month Low at $4.75
Medallion Financial Corp. (NASDAQ:MFIN) hit a new 52-week low during 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.
MFIN has been the topic of several research reports. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $8.00 price target (down from $9.75) on shares of Medallion Financial Corp. in a research report on Monday, July 11th. Sandler O’Neill downgraded Medallion Financial Corp. from a “buy” rating to a “hold” rating and cut their price objective for the stock from $12.00 to $6.50 in a report on Wednesday, August 10th.
The company has a market cap of $115.72 million and a PE ratio of 4.55. The stock has a 50 day moving average of $6.57 and a 200-day moving average of $7.62.
Medallion Financial Corp. (NASDAQ:MFIN) last released its quarterly earnings results on Tuesday, August 2nd. The company reported $0.19 EPS for the quarter, missing the Zacks’ consensus estimate of $0.25 by $0.06. Analysts expect that Medallion Financial Corp. will post $0.85 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 31st. Stockholders of record on Wednesday, August 24th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 4.18%. The ex-dividend date of this dividend is Monday, August 22nd.
In other news, President Andrew Murstein bought 10,000 shares of the company’s stock in a transaction that occurred on Thursday, August 11th. The shares were acquired at an average price of $5.49 per share, with a total value of $54,900.00. Following the transaction, the president now owns 225,335 shares in the company, valued at $1,237,089.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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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