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

Medallion Financial logo with Finance background

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.

Read Our Latest Stock Analysis on Medallion Financial

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

(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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This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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