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

Medallion Financial (NASDAQ:MFIN – Get a rating) was downgraded by 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.

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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.

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