Medallion Financial (NASDAQ:MFIN) Raised to Strong-Buy at Wall Street Zen

Medallion Financial (NASDAQ:MFIN - Get Free Report) was upgraded by Wall Street Zen from a "buy" rating to a "strong-buy" rating in a report released on Friday.

Medallion Financial Trading Down 1.5%

NASDAQ MFIN opened at $9.29 on Friday. The business has a 50 day simple moving average of $9.41 and a 200 day simple moving average of $9.01. Medallion Financial has a one year low of $7.21 and a one year high of $10.50. The stock has a market capitalization of $215.90 million, a P/E ratio of 5.81 and a beta of 1.33. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.18 and a quick ratio of 1.12.

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, topping the consensus estimate of $0.32 by $0.18. The business had revenue of $75.43 million for 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%. Research analysts expect that Medallion Financial will post 1.46 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. MetLife Investment Management LLC lifted its holdings in shares of Medallion Financial by 62.0% in the fourth quarter. MetLife Investment Management LLC now owns 9,018 shares of the credit services provider's stock valued at $85,000 after purchasing an additional 3,452 shares in the last quarter. Deutsche Bank AG bought a new position in shares of Medallion Financial in the fourth quarter valued at approximately $92,000. D Orazio & Associates Inc. bought a new position in shares of Medallion Financial in the first quarter valued at approximately $95,000. Baron Wealth Management LLC bought a new position in shares of Medallion Financial in the second quarter valued at approximately $103,000. Finally, Wells Fargo & Company MN lifted its holdings in shares of Medallion Financial by 24.3% in the fourth quarter. Wells Fargo & Company MN now owns 11,554 shares of the credit services provider's stock valued at $108,000 after purchasing an additional 2,256 shares in the last quarter. 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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