Medallion Financial (NASDAQ:MFIN) Stock Passes Above 200 Day Moving Average - Time to Sell?

Medallion Financial Corp. (NASDAQ:MFIN - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $9.01 and traded as high as $9.75. Medallion Financial shares last traded at $9.61, with a volume of 17,684 shares.

Analyst Ratings Changes

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

Medallion Financial Price Performance

The firm has a market cap of $223.30 million, a price-to-earnings ratio of 6.01 and a beta of 1.33. The company has a current ratio of 1.18, a quick ratio of 1.12 and a debt-to-equity ratio of 0.44. The company has a 50 day moving average of $9.38 and a 200 day moving average of $9.01.

Medallion Financial (NASDAQ:MFIN - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The credit services provider reported $0.50 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 the consensus estimate of $51.73 million. Medallion Financial had a return on equity of 8.70% and a net margin of 11.96%. Equities research analysts predict that Medallion Financial Corp. will post 1.46 EPS for the current fiscal year.

Medallion Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Thursday, May 15th were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 4.99%. The ex-dividend date was Thursday, May 15th. This is an increase from Medallion Financial's previous quarterly dividend of $0.11. Medallion Financial's dividend payout ratio (DPR) is presently 30.00%.

Institutional Trading of Medallion Financial

Several hedge funds have recently added to or reduced their stakes in MFIN. Raymond James Financial Inc. acquired a new stake in Medallion Financial during the 4th quarter worth $150,000. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of Medallion Financial by 26.1% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 269,116 shares of the credit services provider's stock valued at $2,527,000 after purchasing an additional 55,639 shares during the period. Tieton Capital Management LLC raised its stake in shares of Medallion Financial by 22.9% in the 4th quarter. Tieton Capital Management LLC now owns 987,098 shares of the credit services provider's stock valued at $9,269,000 after purchasing an additional 184,172 shares during the period. WINTON GROUP Ltd acquired a new stake in shares of Medallion Financial in the 4th quarter valued at about $257,000. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in shares of Medallion Financial in the 4th quarter valued at about $877,000. 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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