Medallion Financial Corp (NASDAQ:MFIN) Director Allan J. Tanenbaum purchased 10,000 shares of Medallion Financial stock in a transaction on Thursday, June 14th. The stock was purchased at an average price of $5.55 per share, for a total transaction of $55,500.00. Following the completion of the transaction, the director now owns 34,566 shares of the company’s stock, valued at $191,841.30. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of Medallion Financial opened at $5.70 on Tuesday, MarketBeat.com reports. Medallion Financial Corp has a 1 year low of $2.08 and a 1 year high of $5.86. The company has a quick ratio of 36.91, a current ratio of 36.91 and a debt-to-equity ratio of 1.18.
Medallion Financial (NASDAQ:MFIN) last announced its earnings results on Tuesday, May 15th. The credit services provider reported ($0.62) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.01) by ($0.61). Medallion Financial had a negative return on equity of 3.52% and a negative net margin of 80.33%. The company had revenue of $0.54 million for the quarter, compared to analyst estimates of $4.21 million. equities research analysts forecast that Medallion Financial Corp will post -0.48 earnings per share for the current year.
A hedge fund recently bought a new stake in Medallion Financial stock. Second Curve Capital LLC bought a new position in shares of Medallion Financial Corp (NASDAQ:MFIN) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 120,000 shares of the credit services provider’s stock, valued at approximately $424,000. Medallion Financial makes up 0.2% of Second Curve Capital LLC’s investment portfolio, making the stock its 21st largest position. Second Curve Capital LLC owned approximately 0.49% of Medallion Financial at the end of the most recent reporting period. Institutional investors own 17.34% of the company’s stock.
A number of equities analysts have commented on MFIN shares. Sandler O’Neill set a $5.00 price target on shares of Medallion Financial and gave the company a “hold” rating in a research report on Tuesday, March 20th. ValuEngine lowered shares of Medallion Financial from a “hold” rating to a “sell” rating in a research report on Tuesday, February 20th. Finally, Zacks Investment Research lowered shares of Medallion Financial from a “hold” rating to a “sell” rating in a research report on Wednesday, April 18th.
About Medallion Financial
Medallion Financial Corp., through with its subsidiaries, operates as a specialty 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.