Medallion Financial Corp (MFIN) Given Consensus Recommendation of “Strong Buy” by Analysts

Shares of Medallion Financial Corp (NASDAQ:MFIN) have been given a consensus broker rating score of 1.00 (Strong Buy) from the two analysts that cover the stock, Zacks Investment Research reports. Two research analysts have rated the stock with a strong buy recommendation.

Analysts have set a 12-month consensus price objective of $10.00 for the company and are predicting 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 161 out of 257 based on the ratings given to its competitors.

Several research firms recently issued reports on MFIN. ValuEngine lowered shares of Medallion Financial from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 2nd. Zacks Investment Research raised shares of Medallion Financial from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 18th. Finally, B. Riley began coverage on shares of Medallion Financial in a research note on Friday, September 7th. They issued a “buy” rating and a $10.00 price objective for the company.

An institutional investor recently bought a new position in Medallion Financial stock. EAM Investors LLC acquired a new stake in Medallion Financial Corp (NASDAQ:MFIN) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 125,026 shares of the credit services provider’s stock, valued at approximately $831,000. EAM Investors LLC owned about 0.51% of Medallion Financial at the end of the most recent quarter. Institutional investors and hedge funds own 17.33% of the company’s stock.

Shares of NASDAQ:MFIN traded down $0.08 during trading on Friday, reaching $6.95. 1,224 shares of the company traded hands, compared to its average volume of 98,979. The firm has a market capitalization of $172.05 million, a P/E ratio of 22.55 and a beta of 1.56. Medallion Financial has a 1-year low of $2.37 and a 1-year high of $7.25. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.53.

Medallion Financial (NASDAQ:MFIN) last issued its earnings results on Tuesday, August 14th. The credit services provider reported ($0.32) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.20). The company had revenue of $29.60 million for the quarter. Medallion Financial had a negative net margin of 47.96% and a negative return on equity of 8.25%. Equities research analysts expect that Medallion Financial will post -1.61 earnings per share for the current fiscal year.

Medallion Financial Company Profile

Medallion Financial Corp., through with its subsidiaries, operates as a specialty 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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