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

Key Points

• Medallion Financial shares have crossed above their 200-day moving average, indicating potential bullish momentum with the stock currently trading at $10.50.
• Analysts have varied views on the stock, with Wall Street Zen downgrading it to a "buy" while LADENBURG THALM/SH SH set a target price of $12.00, reflecting an average rating of "Buy" among several reports.
• Medallion Financial recently reported earnings of $0.46 EPS, exceeding expectations, and announced a quarterly dividend of $0.12, resulting in a 4.6% yield for shareholders.

Medallion Financial Corp. (NASDAQ:MFIN - Get Free Report) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $9.52 and traded as high as $10.63. Medallion Financial shares last traded at $10.50, with a volume of 23,461 shares.

Wall Street Analysts Forecast Growth

MFIN has been the topic of several recent research reports. Wall Street Zen downgraded shares of Medallion Financial from a "strong-buy" rating to a "buy" rating in a research note on Monday, August 11th. LADENBURG THALM/SH SH raised shares of Medallion Financial from a "neutral" rating to a "buy" rating and set a $12.00 target price on the stock in a research note on Thursday, July 31st. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company has an average rating of "Buy" and an average target price of $12.00.

Medallion Financial Stock Down 1.0%

The company has a current ratio of 1.20, a quick ratio of 1.17 and a debt-to-equity ratio of 0.38. The company has a market cap of $244.13 million, a price-to-earnings ratio of 5.97 and a beta of 1.42. The firm's fifty day simple moving average is $10.34 and its 200 day simple moving average is $9.52.

Medallion Financial (NASDAQ:MFIN - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The credit services provider reported $0.46 EPS for the quarter, topping the consensus estimate of $0.30 by $0.16. Medallion Financial had a net margin of 12.62% and a return on equity of 9.04%. The company had revenue of $53.37 million during the quarter, compared to analysts' expectations of $52.07 million. Sell-side analysts predict that Medallion Financial Corp. will post 1.46 earnings per share for the current year.

Medallion Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Friday, August 15th were issued a $0.12 dividend. The ex-dividend date was Friday, August 15th. This represents a $0.48 annualized dividend and a dividend yield of 4.6%. Medallion Financial's dividend payout ratio is presently 27.27%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Hsbc Holdings PLC acquired a new position in shares of Medallion Financial in the 1st quarter valued at $161,000. Nuveen LLC acquired a new position in shares of Medallion Financial in the 1st quarter valued at $164,000. Deutsche Bank AG acquired a new position in shares of Medallion Financial in the 4th quarter valued at $92,000. Two Sigma Investments LP boosted its holdings in shares of Medallion Financial by 7.9% in the 4th quarter. Two Sigma Investments LP now owns 98,797 shares of the credit services provider's stock valued at $928,000 after buying an additional 7,242 shares in the last quarter. Finally, Uniplan Investment Counsel Inc. acquired a new position in shares of Medallion Financial in the 1st quarter valued at $483,000. 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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