Medallion Financial (NASDAQ:MFIN) rating downgraded to hold on StockNews.com

Medallion Financial (NASDAQ:MFIN – Get a rating) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a research report released Friday to clients and investors.

Several other research analysts have also recently published reports on the company. Zacks Investment Research upgraded Medallion Financial from a “hold” rating to a “sell” rating in a Friday, May 6 research report. B. Riley lowered his price target on Medallion Financial from $13.00 to $12.00 in a Tuesday, April 12 research report.

NASDAQ: MFIN traded down $0.21 on Friday, hitting $7.67. The stock had a trading volume of 50,783 shares, compared to an average trading volume of 136,001. The stock has a market capitalization of $195.64 million, a price-to-earnings ratio of 3.45 and a beta of 2.35. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt ratio of 0.62. The company’s 50-day simple moving average is $8.42 and its two-hundred-day simple moving average is $7.98. Medallion Financial has a 52-week minimum of $3.50 and a 52-week maximum of $10.05.

Medallion Financial (NASDAQ:MFIN – Get a rating) last announced its results on Monday, May 2. The credit service provider reported earnings per share (EPS) of $0.39 for the quarter, beating the consensus estimate of $0.31 by $0.08. Medallion Financial had a return on equity of 16.37% and a net margin of 28.27%. As a group, equity research analysts expect Medallion Financial to post EPS of 1.42 for the current year.

(A d)

Looking for the next disruptive Microcap stocks? These companies will be releasing their quarterly results very soon… And we’ve found 5 microcap stocks that could experience a surge in share price.

Several hedge funds have recently bought and sold shares of the company. Wellington Management Group LLP increased its position in Medallion Financial shares by 10.3% during the third quarter. Wellington Management Group LLP now owns 1,164,922 shares of the credit services provider valued at $9,133,000 after buying an additional 108,600 shares last quarter. Key Colony Management LLC acquired a new stake in Medallion Financial during Q4, valued at approximately $5,633,000. Tieton Capital Management LLC increased its stake in Medallion Financial by 16.0% during the 1st quarter. Tieton Capital Management LLC now owns 968,624 shares of the credit service provider valued at $8,233,000 after purchasing an additional 133,703 shares during the period. Vanguard Group Inc. increased its stake in Medallion Financial by 3.2% during the 1st quarter. Vanguard Group Inc. now owns 938,516 shares of the credit service provider valued at $7,978,000 after purchasing an additional 29,247 shares during the period. Finally, Millennium Management LLC increased its stake in Medallion Financial by 2.8% during the 3rd quarter. Millennium Management LLC now owns 201,881 shares of the credit service provider valued at $1,583,000 after purchasing an additional 5,503 shares during the period. 27.89% of the shares are currently held by hedge funds and other institutional investors.

Medallion Financial Company Profile (Get a rating)

Medallion Financial Corp., together with its subsidiaries, operates as a financial company in the United States. The Company operates through four segments: Recreational Loans, Home Improvement Loans, Commercial Loans and Medallion Loans. It offers loans that finance consumer purchases of recreational vehicles, boats and trailers; consumer home improvement; commercial enterprises; and taxi medallions to individuals and small and medium enterprises.

Further reading

This instant alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]

Should you invest $1,000 in Medallion Financial right now?

Before you consider Medallion Financial, you’ll want to hear this.

MarketBeat tracks Wall Street’s top-rated, top-performing research analysts daily and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market ripples…and Medallion Financial was not on the list.

Although Medallion Financial currently has an “N/A” rating among analysts, top-rated analysts believe these five stocks are better buys.

See the 5 actions here

About Edward Fries

Check Also

Arrow Financial Co. (NASDAQ:AROW) Brief Interest Update

Arrow Financial Co. (NASDAQ: AROW – Get a rating) was the target of a sharp …