Medallion Financial Corp. (MFIN) Getting Somewhat Favorable Press Coverage, Report Shows
Headlines about Medallion Financial Corp. (NASDAQ:MFIN) have trended somewhat positive recently, Accern reports. Accern ranks the sentiment of news coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Medallion Financial Corp. earned a daily sentiment score of 0.03 on Accern’s scale. Accern also assigned news headlines about the credit services provider an impact score of 47.3737181176749 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Separately, ValuEngine downgraded Medallion Financial Corp. from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd.
Medallion Financial Corp. (NASDAQ:MFIN) traded up 1.64% during mid-day trading on Friday, reaching $2.48. The company had a trading volume of 71,751 shares. The company has a market capitalization of $59.35 million, a price-to-earnings ratio of 7.07 and a beta of 1.68. The stock has a 50-day moving average of $2.39 and a 200 day moving average of $2.26. Medallion Financial Corp. has a 12-month low of $1.60 and a 12-month high of $5.16.
Medallion Financial Corp. (NASDAQ:MFIN) last issued its quarterly earnings results on Wednesday, August 9th. The credit services provider reported ($0.05) EPS for the quarter, missing the Zacks’ consensus estimate of $0.01 by $0.06. The business had revenue of $0.38 million for the quarter. Medallion Financial Corp. had a net margin of 45.11% and a negative return on equity of 0.79%. On average, analysts expect that Medallion Financial Corp. will post $0.22 EPS for the current year.
In other news, CEO Alvin Murstein acquired 27,500 shares of Medallion Financial Corp. stock in a transaction on Wednesday, May 24th. The stock was acquired at an average cost of $23,925.00 per share, with a total value of $657,937,500.00. Following the completion of the acquisition, the chief executive officer now owns 127,618 shares in the company, valued at $3,053,260,650. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director David L. Rudnick acquired 20,700 shares of Medallion Financial Corp. stock in a transaction on Thursday, June 8th. The shares were purchased at an average cost of $2.49 per share, with a total value of $51,543.00. Following the completion of the acquisition, the director now owns 8,424 shares of the company’s stock, valued at approximately $20,975.76. The disclosure for this purchase can be found here. Over the last three months, insiders have acquired 129,500 shares of company stock valued at $658,190,893. 15.13% of the stock is owned by corporate insiders.
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About Medallion Financial Corp.
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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