Medallion Financial Corp. (NASDAQ:MFIN) Director David L. Rudnick bought 12,500 shares of the company’s stock in a transaction dated Wednesday, September 13th. The stock was bought at an average cost of $2.26 per share, with a total value of $28,250.00. Following the acquisition, the director now directly owns 8,424 shares of the company’s stock, valued at approximately $19,038.24. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Medallion Financial Corp. (NASDAQ:MFIN) traded up 1.80% on Friday, hitting $2.26. 54,259 shares of the stock were exchanged. Medallion Financial Corp. has a 52-week low of $1.60 and a 52-week high of $4.64. The firm has a market cap of $54.08 million, a PE ratio of 6.44 and a beta of 1.67. The company has a 50-day moving average price of $2.38 and a 200-day moving average price of $2.29.

Medallion Financial Corp. (NASDAQ:MFIN) last released its quarterly earnings data on Wednesday, August 9th. The credit services provider reported ($0.05) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.06). Medallion Financial Corp. had a net margin of 45.11% and a negative return on equity of 0.79%. The business had revenue of $0.38 million during the quarter. On average, equities research analysts anticipate that Medallion Financial Corp. will post $0.37 EPS for the current fiscal year.

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Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp lifted its holdings in Medallion Financial Corp. by 1.2% in the first quarter. Bank of New York Mellon Corp now owns 77,306 shares of the credit services provider’s stock valued at $153,000 after acquiring an additional 906 shares during the last quarter. Corsair Capital Management L.P. acquired a new position in Medallion Financial Corp. in the first quarter valued at approximately $273,000. Teton Advisors Inc. lifted its holdings in Medallion Financial Corp. by 27.3% in the first quarter. Teton Advisors Inc. now owns 140,000 shares of the credit services provider’s stock valued at $277,000 after acquiring an additional 30,000 shares during the last quarter. Gamco Investors INC. ET AL lifted its holdings in Medallion Financial Corp. by 25.2% in the first quarter. Gamco Investors INC. ET AL now owns 167,000 shares of the credit services provider’s stock valued at $331,000 after acquiring an additional 33,622 shares during the last quarter. Finally, Stifel Financial Corp lifted its holdings in Medallion Financial Corp. by 26.0% in the first quarter. Stifel Financial Corp now owns 234,550 shares of the credit services provider’s stock valued at $458,000 after acquiring an additional 48,471 shares during the last quarter. Hedge funds and other institutional investors own 17.28% of the company’s stock.

Separately, ValuEngine cut shares of Medallion Financial Corp. from a “buy” rating to a “hold” rating in a report on Friday, June 2nd.

Medallion Financial Corp. Company Profile

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.

Insider Buying and Selling by Quarter for Medallion Financial Corp. (NASDAQ:MFIN)

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