Medallion Financial (NASDAQ:MFIN) Stock Crosses Above Two Hundred Day Moving Average - Should You Sell?

Shares of Medallion Financial Corp. (NASDAQ:MFIN - Get Free Report) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $9.02 and traded as high as $9.95. Medallion Financial shares last traded at $9.79, with a volume of 54,808 shares.

Analysts Set New Price Targets

Separately, Wall Street Zen cut Medallion Financial from a "strong-buy" rating to a "buy" rating in a research report on Saturday, June 21st.

Medallion Financial Stock Performance

The company has a debt-to-equity ratio of 0.44, a current ratio of 1.18 and a quick ratio of 1.12. The stock has a 50 day simple moving average of $9.28 and a two-hundred day simple moving average of $9.02. The company has a market cap of $227.52 million, a PE ratio of 6.12 and a beta of 1.33.

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

Medallion Financial Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Thursday, May 15th were issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 4.90%. This is a boost from Medallion Financial's previous quarterly dividend of $0.11. The ex-dividend date was Thursday, May 15th. Medallion Financial's dividend payout ratio is presently 30.00%.

Institutional Investors Weigh In On Medallion Financial

Several hedge funds have recently made changes to their positions in MFIN. Bank of New York Mellon Corp increased its position in Medallion Financial by 1.0% in the 1st quarter. Bank of New York Mellon Corp now owns 126,625 shares of the credit services provider's stock valued at $1,103,000 after acquiring an additional 1,258 shares during the period. Wells Fargo & Company MN grew its stake in shares of Medallion Financial by 24.3% in the 4th 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 during the last quarter. Geode Capital Management LLC increased its holdings in shares of Medallion Financial by 0.5% in the fourth quarter. Geode Capital Management LLC now owns 419,217 shares of the credit services provider's stock valued at $3,937,000 after purchasing an additional 2,261 shares during the period. MetLife Investment Management LLC increased its holdings in shares of Medallion Financial by 25.4% in the first quarter. MetLife Investment Management LLC now owns 11,311 shares of the credit services provider's stock valued at $99,000 after purchasing an additional 2,293 shares during the period. Finally, Empowered Funds LLC raised its stake in shares of Medallion Financial by 9.7% during the first quarter. Empowered Funds LLC now owns 27,842 shares of the credit services provider's stock worth $243,000 after purchasing an additional 2,461 shares during the last quarter. Institutional investors and hedge funds own 40.56% of the company's stock.

Medallion Financial Company Profile

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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