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Medallion Financial (NASDAQ:MFIN) Rating Lowered to "Buy" at Wall Street Zen

Medallion Financial logo with Finance background

Key Points

  • Medallion Financial's stock rating was downgraded from a "strong-buy" to a "buy" by Wall Street Zen, indicating a shift in analyst sentiment.
  • Despite the downgrade, LADENBURG THALM/SH SH upgraded Medallion Financial from "neutral" to "buy" with a price target of $12.00.
  • Medallion Financial reported a EPS of $0.46 for the last quarter, beating estimates and demonstrating strong revenue with $53.37 million against a predicted $52.07 million.
  • Want stock alerts on Medallion Financial? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Wall Street Zen lowered shares of Medallion Financial (NASDAQ:MFIN - Free Report) from a strong-buy rating to a buy rating in a research note published on Monday morning.

Separately, LADENBURG THALM/SH SH raised Medallion Financial from a "neutral" rating to a "buy" rating and set a $12.00 price target on the stock in a research report on Thursday, July 31st.

Check Out Our Latest Research Report on MFIN

Medallion Financial Stock Performance

Shares of Medallion Financial stock traded down $0.13 during trading hours on Monday, reaching $10.31. 4,085 shares of the stock traded hands, compared to its average volume of 50,262. The company has a 50 day moving average price of $9.69 and a 200 day moving average price of $9.12. The firm has a market capitalization of $239.71 million, a price-to-earnings ratio of 5.86 and a beta of 1.28. Medallion Financial has a one year low of $7.39 and a one year high of $10.98. The company has a quick ratio of 1.17, a current ratio of 1.20 and a debt-to-equity ratio of 0.38.

Medallion Financial (NASDAQ:MFIN - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The credit services provider reported $0.46 EPS for the quarter, topping analysts' consensus estimates of $0.30 by $0.16. The company had revenue of $53.37 million for the quarter, compared to analysts' expectations of $52.07 million. Medallion Financial had a return on equity of 9.04% and a net margin of 12.62%. On average, equities research analysts expect that Medallion Financial will post 1.46 earnings per share for the current fiscal year.

Medallion Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 29th. Investors of record on Friday, August 15th will be given a dividend of $0.12 per share. The ex-dividend date is Friday, August 15th. This represents a $0.48 dividend on an annualized basis and a yield of 4.7%. Medallion Financial's dividend payout ratio (DPR) is presently 27.27%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Uniplan Investment Counsel Inc. acquired a new stake in shares of Medallion Financial in the 1st quarter valued at about $483,000. Hillsdale Investment Management Inc. acquired a new stake in shares of Medallion Financial in the 2nd quarter worth approximately $272,000. Panagora Asset Management Inc. acquired a new stake in Medallion Financial during the 2nd quarter valued at $204,000. De Lisle Partners LLP grew its holdings in Medallion Financial by 19.5% during the 2nd quarter. De Lisle Partners LLP now owns 123,757 shares of the credit services provider's stock valued at $1,181,000 after buying an additional 20,212 shares during the last quarter. Finally, Nuveen LLC acquired a new stake in Medallion Financial during the 1st quarter valued at $164,000. 40.56% of the stock is owned by institutional investors and hedge funds.

About Medallion Financial

(Get Free Report)

Medallion Financial Corp., together with its subsidiaries, operates as a specialty finance company in the United States. It operates in four segments: Recreation Lending, Home Improvement Lending, Commercial Lending, and Taxi Medallion Lending. The company offers loans that finance consumer purchases of recreational vehicles, boats, and other consumer recreational equipment; consumer financing for window, siding, and roof replacement, swimming pool installations, and other home improvement projects; senior and subordinated loans for the purchase of equipment and related assets necessary to open a new business, or purchase or improvement of an existing business; and taxi medallion loans to individuals and small to mid-size businesses.

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