Several analysts have recently updated their ratings and price targets for Medallion Financial (NASDAQ: MFIN):

  • 1/16/2020 – Medallion Financial was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $7.75 price target on the stock. According to Zacks, “Medallion Financial Corp. is a specialty finance company that originates and services loans that finance taxicab medallions and various types of commercial loans. “
  • 1/10/2020 – Medallion Financial was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Medallion Financial Corp. is a specialty finance company that originates and services loans that finance taxicab medallions and various types of commercial loans. “
  • 1/9/2020 – Medallion Financial was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $8.00 price target on the stock. According to Zacks, “Medallion Financial Corp. is a specialty finance company that originates and services loans that finance taxicab medallions and various types of commercial loans. “
  • 1/2/2020 – Medallion Financial was downgraded by analysts at Zacks Investment Research from a “strong-buy” rating to a “hold” rating. According to Zacks, “Medallion Financial Corp. is a specialty finance company that originates and services loans that finance taxicab medallions and various types of commercial loans. “
  • 1/1/2020 – Medallion Financial was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong-buy” rating. They now have a $8.25 price target on the stock. According to Zacks, “Medallion Financial Corp. is a specialty finance company that originates and services loans that finance taxicab medallions and various types of commercial loans. “
  • 12/18/2019 – Medallion Financial was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.

MFIN traded down $0.03 during trading on Thursday, reaching $7.03. 1,045 shares of the company traded hands, compared to its average volume of 52,513. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.13 and a current ratio of 1.13. Medallion Financial Corp has a 12-month low of $4.30 and a 12-month high of $7.80. The firm has a fifty day simple moving average of $6.93 and a 200 day simple moving average of $6.06. The company has a market cap of $168.33 million, a P/E ratio of -13.02 and a beta of 1.56.

Medallion Financial (NASDAQ:MFIN) last announced its quarterly earnings data on Wednesday, October 30th. The credit services provider reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.09. Medallion Financial had a net margin of 4.56% and a return on equity of 2.71%. The business had revenue of $34.29 million during the quarter, compared to analyst estimates of $31.09 million. As a group, sell-side analysts expect that Medallion Financial Corp will post 0.05 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. BlackRock Inc. purchased a new position in shares of Medallion Financial in the second quarter valued at $6,671,000. Vanguard Group Inc. purchased a new position in shares of Medallion Financial in the second quarter valued at $514,000. Bank of New York Mellon Corp grew its holdings in shares of Medallion Financial by 83.5% in the second quarter. Bank of New York Mellon Corp now owns 132,659 shares of the credit services provider’s stock valued at $894,000 after purchasing an additional 60,359 shares in the last quarter. State Street Corp grew its holdings in shares of Medallion Financial by 19.7% in the third quarter. State Street Corp now owns 284,552 shares of the credit services provider’s stock valued at $1,821,000 after purchasing an additional 46,757 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. purchased a new position in shares of Medallion Financial in the second quarter valued at $289,000. 25.94% of the stock is owned by institutional investors and hedge funds.

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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