Shares of Medallion Financial Corp (NASDAQ:MFIN) have been given an average broker rating score of 1.00 (Strong Buy) from the two brokers that cover the company, Zacks Investment Research reports. Two investment analysts have rated the stock with a strong buy rating.
Brokers have set a twelve-month consensus price target of $11.00 for the company and are predicting that the company will post $0.10 EPS for the current quarter, according to Zacks. Zacks has also given Medallion Financial an industry rank of 105 out of 257 based on the ratings given to its competitors.
Several research firms recently issued reports on MFIN. B. Riley set a $10.00 target price on Medallion Financial and gave the stock a “buy” rating in a research report on Wednesday, November 14th. Zacks Investment Research cut Medallion Financial from a “hold” rating to a “strong sell” rating in a research report on Tuesday, November 13th. Finally, ValuEngine upgraded Medallion Financial from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, October 2nd.
Medallion Financial (NASDAQ:MFIN) last released its earnings results on Tuesday, November 13th. The credit services provider reported ($0.19) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.30). Medallion Financial had a negative return on equity of 9.06% and a negative net margin of 34.18%. The business had revenue of $33.71 million for the quarter, compared to analysts’ expectations of $32.07 million. On average, sell-side analysts forecast that Medallion Financial will post -2.36 EPS for the current year.
Several large investors have recently added to or reduced their stakes in MFIN. Ridgewood Investments LLC purchased a new position in Medallion Financial during the 2nd quarter valued at approximately $107,000. Virtu Financial LLC grew its holdings in Medallion Financial by 92.8% during the 3rd quarter. Virtu Financial LLC now owns 19,866 shares of the credit services provider’s stock valued at $132,000 after buying an additional 9,561 shares in the last quarter. B. Riley Financial Inc. purchased a new position in Medallion Financial during the 3rd quarter valued at approximately $665,000. EAM Investors LLC purchased a new position in Medallion Financial during the 3rd quarter valued at approximately $831,000. Finally, Morgan Stanley grew its holdings in Medallion Financial by 25.5% during the 3rd quarter. Morgan Stanley now owns 419,804 shares of the credit services provider’s stock valued at $2,792,000 after buying an additional 85,326 shares in the last quarter. Hedge funds and other institutional investors own 17.02% of the company’s stock.
Medallion Financial Company Profile
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.
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