Medallion Financial (NASDAQ:MFIN) Stock Rating Lowered by StockNews.com

Medallion Financial (NASDAQ:MFIN) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Thursday.

Medallion Financial Trading Up 0.6 %

Shares of MFIN opened at $8.18 on Thursday. The firm has a market cap of $191.22 million, a price-to-earnings ratio of 3.86 and a beta of 2.16. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.20 and a current ratio of 1.20. Medallion Financial has a fifty-two week low of $6.28 and a fifty-two week high of $10.49. The firm has a 50 day moving average price of $7.97 and a 200-day moving average price of $8.47.

Medallion Financial (NASDAQ:MFIN) last announced its quarterly earnings data on Tuesday, April 30th. The credit services provider reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.07. The firm had revenue of $53.32 million during the quarter, compared to analyst estimates of $50.36 million. Medallion Financial had a net margin of 17.96% and a return on equity of 12.32%. As a group, equities research analysts forecast that Medallion Financial will post 1.53 earnings per share for the current year.

Institutional Investors Weigh In On Medallion Financial

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. O Shaughnessy Asset Management LLC raised its holdings in Medallion Financial by 3.3% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 98,279 shares of the credit services provider’s stock valued at $777,000 after buying an additional 3,125 shares during the last quarter. Ritholtz Wealth Management increased its position in Medallion Financial by 12.4% during the 4th quarter. Ritholtz Wealth Management now owns 37,663 shares of the credit services provider’s stock valued at $371,000 after purchasing an additional 4,144 shares during the period. AJOVista LLC purchased a new position in Medallion Financial during the 4th quarter valued at $90,000. Denali Advisors LLC increased its position in Medallion Financial by 85.8% during the 4th quarter. Denali Advisors LLC now owns 22,300 shares of the credit services provider’s stock valued at $220,000 after purchasing an additional 10,300 shares during the period. Finally, Jump Financial LLC purchased a new position in Medallion Financial during the 4th quarter valued at $161,000. 40.56% of the stock is currently owned by institutional investors.

Medallion Financial Company Profile

Medallion Financial Corp., together with its subsidiaries, operates as a specialty finance company in the United States. It operates in four segments: Recreation Lending, Home Improvement Lending, Commercial Lending, and Taxi Medallion Lending. The company offers loans that finance consumer purchases of recreational vehicles, boats, and other consumer recreational equipment; consumer financing for window, siding, and roof replacement, swimming pool installations, and other home improvement projects; senior and subordinated loans for the purchase of equipment and related assets necessary to open a new business, or purchase or improvement of an existing business; and taxi medallion loans to individuals and small to mid-size businesses.