Medallion Financial (NASDAQ:MFIN) Stock Price Passes Above Two Hundred Day Moving Average of $6.07

Medallion Financial Corp (NASDAQ:MFIN) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $6.07 and traded as high as $6.73. Medallion Financial shares last traded at $6.64, with a volume of 2,561 shares.

Several equities research analysts have weighed in on the company. ValuEngine downgraded Medallion Financial from a “hold” rating to a “sell” rating in a report on Wednesday, December 18th. Zacks Investment Research raised Medallion Financial from a “hold” rating to a “buy” rating and set a $7.75 price target for the company in a report on Thursday, January 16th. One analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $9.94.

The company has a debt-to-equity ratio of 0.66, a current ratio of 1.13 and a quick ratio of 1.13. The stock has a market cap of $165.63 million, a price-to-earnings ratio of 20.69 and a beta of 1.56. The stock has a fifty day moving average of $7.00 and a 200 day moving average of $6.07.

Medallion Financial (NASDAQ:MFIN) last released its earnings results on Wednesday, October 30th. The credit services provider reported $0.20 EPS for the quarter, topping the Zacks’ consensus estimate of $0.11 by $0.09. Medallion Financial had a return on equity of 2.71% and a net margin of 4.56%. The firm had revenue of $34.29 million during the quarter, compared to the consensus estimate of $31.09 million. As a group, equities analysts expect that Medallion Financial Corp will post 0.05 earnings per share for the current fiscal year.

Institutional investors have recently added to or reduced their stakes in the stock. Millennium Management LLC purchased a new position in Medallion Financial during the third quarter valued at approximately $94,000. Stifel Financial Corp raised its position in Medallion Financial by 9.9% during the third quarter. Stifel Financial Corp now owns 352,669 shares of the credit services provider’s stock valued at $2,253,000 after acquiring an additional 31,849 shares in the last quarter. State Street Corp raised its position in Medallion Financial by 19.7% during the third quarter. State Street Corp now owns 284,552 shares of the credit services provider’s stock valued at $1,821,000 after acquiring an additional 46,757 shares in the last quarter. Rhumbline Advisers raised its position in Medallion Financial by 13.8% during the third quarter. Rhumbline Advisers now owns 21,673 shares of the credit services provider’s stock valued at $139,000 after acquiring an additional 2,631 shares in the last quarter. Finally, Vanguard Group Inc. purchased a new position in Medallion Financial during the second quarter valued at approximately $514,000. 25.86% of the stock is owned by hedge funds and other institutional investors.

Medallion Financial Company Profile (NASDAQ:MFIN)

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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