Medallion Financial Corp (MFIN) Insider Sells $31,180.32 in Stock

Medallion Financial Corp (NASDAQ:MFIN) insider Thomas J. Munson sold 4,248 shares of the company’s stock in a transaction on Friday, May 17th. The shares were sold at an average price of $7.34, for a total value of $31,180.32. Following the completion of the transaction, the insider now owns 17,670 shares of the company’s stock, valued at $129,697.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

NASDAQ:MFIN traded down $0.07 on Friday, hitting $7.28. 37,658 shares of the stock were exchanged, compared to its average volume of 86,292. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.13 and a current ratio of 1.12. Medallion Financial Corp has a fifty-two week low of $4.07 and a fifty-two week high of $7.80.

Medallion Financial (NASDAQ:MFIN) last announced its quarterly earnings results on Monday, May 6th. The credit services provider reported $0.05 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.05. The company had revenue of $29.18 million during the quarter, compared to analyst estimates of $26.71 million. Medallion Financial had a negative return on equity of 3.12% and a negative net margin of 5.09%. As a group, equities research analysts anticipate that Medallion Financial Corp will post 0.42 EPS for the current year.

Several brokerages have commented on MFIN. Zacks Investment Research lowered Medallion Financial from a “hold” rating to a “sell” rating in a research note on Friday, May 10th. Northland Securities restated a “buy” rating and set a $12.00 price target on shares of Medallion Financial in a research note on Tuesday, May 7th. B. Riley set a $10.00 price target on Medallion Financial and gave the stock a “buy” rating in a research note on Thursday, February 28th. ValuEngine upgraded Medallion Financial from a “buy” rating to a “strong-buy” rating in a research note on Monday, April 1st. Finally, BTIG Research began coverage on Medallion Financial in a research note on Friday, February 22nd. They set a “buy” rating and a $10.00 price target for the company. One equities research analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. Medallion Financial currently has an average rating of “Buy” and an average price target of $10.67.

A number of large investors have recently made changes to their positions in MFIN. Quinn Opportunity Partners LLC acquired a new stake in Medallion Financial during the first quarter worth about $80,000. Deutsche Bank AG increased its stake in Medallion Financial by 93.6% during the fourth quarter. Deutsche Bank AG now owns 35,685 shares of the credit services provider’s stock worth $166,000 after acquiring an additional 17,255 shares during the last quarter. Millennium Management LLC acquired a new stake in Medallion Financial during the fourth quarter worth about $234,000. Trexquant Investment LP acquired a new stake in Medallion Financial during the first quarter worth about $297,000. Finally, Seacliff Capital LLC acquired a new stake in Medallion Financial during the fourth quarter worth about $528,000. Institutional investors own 13.53% of the company’s stock.

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Medallion Financial Company Profile

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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