Medallion Financial Corp (NASDAQ:MFIN) has received a consensus broker rating score of 1.00 (Strong Buy) from the three brokers that provide coverage for the stock, Zacks Investment Research reports. Three investment analysts have rated the stock with a strong buy recommendation.

Brokerages have set a 1-year consensus price objective of $10.67 for the company and are forecasting that the company will post $0.11 EPS for the current quarter, according to Zacks. Zacks has also given Medallion Financial an industry rank of 91 out of 256 based on the ratings given to related companies.

A number of equities research analysts have weighed in on MFIN shares. Zacks Investment Research cut Medallion Financial from a “hold” rating to a “sell” rating in a research note on Tuesday, August 6th. ValuEngine upgraded shares of Medallion Financial from a “sell” rating to a “hold” rating in a research report on Wednesday, August 7th.

MFIN traded up $0.64 on Wednesday, reaching $6.02. The company had a trading volume of 232,273 shares, compared to its average volume of 125,262. The stock has a 50-day moving average price of $4.79 and a 200-day moving average price of $6.19. The stock has a market capitalization of $133.57 million, a PE ratio of -11.15 and a beta of 1.48. Medallion Financial has a 1 year low of $4.07 and a 1 year high of $7.80. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.67.

Medallion Financial (NASDAQ:MFIN) last posted its earnings results on Monday, August 5th. The credit services provider reported ($0.31) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.05 by ($0.36). The firm had revenue of $24.88 million during the quarter, compared to analysts’ expectations of $31.52 million. Medallion Financial had a negative net margin of 1.05% and a negative return on equity of 0.63%. As a group, analysts expect that Medallion Financial will post -0.03 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently made changes to their positions in the company. Quinn Opportunity Partners LLC purchased a new position in shares of Medallion Financial during the first quarter worth about $80,000. Advisor Group Inc. lifted its position in Medallion Financial by 10.1% during the 1st quarter. Advisor Group Inc. now owns 190,318 shares of the credit services provider’s stock worth $1,313,000 after acquiring an additional 17,494 shares during the period. Tieton Capital Management LLC purchased a new position in shares of Medallion Financial in the 1st quarter valued at approximately $1,458,000. Millennium Management LLC purchased a new position in shares of Medallion Financial in the 4th quarter valued at approximately $234,000. Finally, Deutsche Bank AG grew its stake in shares of Medallion Financial by 93.6% in the 4th quarter. Deutsche Bank AG now owns 35,685 shares of the credit services provider’s stock valued at $166,000 after purchasing an additional 17,255 shares during the last quarter. Institutional investors and hedge funds own 22.32% of the company’s stock.

About Medallion Financial

Medallion Financial Corp., through with its subsidiaries, operates as a finance company in the United States. It originates, acquires, and services loans that finance taxicab medallions and various types of commercial businesses. The company offers consumer loans for the purchase of recreational vehicles, boats, motorcycles, and trailers, as well as to finance small scale home improvements; and commercial loans for the purchase of equipment and related assets necessary to open a new business, or purchase or improvement of an existing business.

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