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

Medallion Financial (NASDAQ:MFIN - Get Free Report) was downgraded by Wall Street Zen from a "strong-buy" rating to a "buy" rating in a research note issued to investors on Saturday.

Medallion Financial Trading Down 1.3%

MFIN opened at $8.98 on Friday. The stock has a market cap of $208.70 million, a price-to-earnings ratio of 5.61 and a beta of 1.35. The stock's 50 day moving average price is $9.14 and its 200-day moving average price is $9.03. Medallion Financial has a one year low of $6.48 and a one year high of $10.50. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.12 and a current ratio of 1.18.

Medallion Financial (NASDAQ:MFIN - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The credit services provider reported $0.50 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.32 by $0.18. The firm had revenue of $75.43 million during the quarter, compared to analyst estimates of $51.73 million. Medallion Financial had a return on equity of 8.70% and a net margin of 11.96%. On average, equities analysts forecast that Medallion Financial will post 1.46 EPS for the current year.

Institutional Trading of Medallion Financial

Several hedge funds and other institutional investors have recently made changes to their positions in the business. MetLife Investment Management LLC increased its position in shares of Medallion Financial by 62.0% in the 4th quarter. MetLife Investment Management LLC now owns 9,018 shares of the credit services provider's stock valued at $85,000 after acquiring an additional 3,452 shares during the period. Deutsche Bank AG acquired a new stake in Medallion Financial during the 4th quarter worth about $92,000. D Orazio & Associates Inc. purchased a new stake in shares of Medallion Financial during the 1st quarter worth about $95,000. Wells Fargo & Company MN boosted its stake in shares of Medallion Financial by 24.3% during the 4th quarter. Wells Fargo & Company MN now owns 11,554 shares of the credit services provider's stock worth $108,000 after acquiring an additional 2,256 shares in the last quarter. Finally, Mariner LLC purchased a new stake in shares of Medallion Financial during the 4th quarter worth about $112,000. Hedge funds and other institutional investors own 40.56% of the company's stock.

About Medallion Financial

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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