Weiss Ratings Reaffirms "Hold (C)" Rating for Medallion Financial (NASDAQ:MFIN)

Key Points

• Weiss Ratings has reinforced a "Hold (C)" rating for Medallion Financial, indicating a cautious outlook on the stock's performance.
• Analysts suggest a consensus target price of $12.00 for the stock, with ratings varying from "buy" to "hold" among different firms.
• Medallion Financial reported earnings of $0.46 per share for the last quarter, surpassing the consensus estimate by $0.16.

Medallion Financial (NASDAQ:MFIN - Get Free Report)'s stock had its "hold (c)" rating reiterated by analysts at Weiss Ratings in a research report issued on Wednesday,Weiss Ratings reports.

Other analysts have also recently issued research reports about the stock. LADENBURG THALM/SH SH raised shares of Medallion Financial from a "neutral" rating to a "buy" rating and set a $12.00 price target for the company in a research note on Thursday, July 31st. Wall Street Zen lowered shares of Medallion Financial from a "strong-buy" rating to a "buy" rating in a report on Monday, August 11th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, Medallion Financial has an average rating of "Moderate Buy" and a consensus target price of $12.00.

Medallion Financial Stock Up 2.1%

Shares of NASDAQ MFIN opened at $9.92 on Wednesday. Medallion Financial has a 12-month low of $7.71 and a 12-month high of $10.98. The stock has a market cap of $230.61 million, a PE ratio of 5.64 and a beta of 1.38. 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 50-day moving average of $10.38 and a 200 day moving average of $9.59.

Medallion Financial (NASDAQ:MFIN - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The credit services provider reported $0.46 earnings per share (EPS) for the quarter, beating 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. As a group, sell-side analysts predict that Medallion Financial will post 1.46 EPS for the current fiscal year.

Institutional Investors Weigh In On Medallion Financial

Hedge funds have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC lifted its holdings in Medallion Financial by 533.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 6,280 shares of the credit services provider's stock worth $60,000 after buying an additional 5,288 shares in the last quarter. Osaic Holdings Inc. acquired a new stake in shares of Medallion Financial in the 2nd quarter valued at $76,000. D Orazio & Associates Inc. acquired a new stake in shares of Medallion Financial in the 1st quarter valued at $95,000. MetLife Investment Management LLC raised its holdings in shares of Medallion Financial by 25.4% in the 1st 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 in the last quarter. Finally, Baron Wealth Management LLC acquired a new stake in shares of Medallion Financial in the 2nd quarter valued at $103,000. 40.56% of the stock is currently owned by institutional investors and hedge funds.

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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