Medallion Financial (NASDAQ:MFIN) Stock Rating Upgraded by StockNews.com

Medallion Financial (NASDAQ:MFIN) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday.

Medallion Financial Stock Down 0.6 %

MFIN opened at $9.53 on Friday. Medallion Financial has a one year low of $6.48 and a one year high of $10.19. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.18 and a current ratio of 1.18. The stock’s fifty day moving average is $8.63 and its 200-day moving average is $8.19. The company has a market capitalization of $219.86 million, a PE ratio of 5.64 and a beta of 2.12.

Medallion Financial (NASDAQ:MFIN) last announced its earnings results on Tuesday, October 29th. The credit services provider reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.01. The company had revenue of $77.00 million for the quarter, compared to analyst estimates of $52.88 million. Medallion Financial had a return on equity of 9.52% and a net margin of 13.72%. During the same period in the previous year, the firm earned $0.48 earnings per share. On average, equities analysts predict that Medallion Financial will post 1.48 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of MFIN. Stifel Financial Corp grew its stake in Medallion Financial by 4.2% in the third quarter. Stifel Financial Corp now owns 272,949 shares of the credit services provider’s stock valued at $2,222,000 after purchasing an additional 10,974 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its stake in Medallion Financial by 32.2% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 213,477 shares of the credit services provider’s stock valued at $1,738,000 after purchasing an additional 51,941 shares in the last quarter. State Street Corp grew its stake in Medallion Financial by 0.7% in the third quarter. State Street Corp now owns 204,558 shares of the credit services provider’s stock valued at $1,665,000 after purchasing an additional 1,333 shares in the last quarter. American Century Companies Inc. grew its stake in Medallion Financial by 30.6% in the second quarter. American Century Companies Inc. now owns 187,408 shares of the credit services provider’s stock valued at $1,439,000 after purchasing an additional 43,917 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its stake in Medallion Financial by 60.1% in the second quarter. Bank of New York Mellon Corp now owns 140,794 shares of the credit services provider’s stock valued at $1,081,000 after purchasing an additional 52,857 shares in the last quarter. 40.56% of the stock is owned by institutional investors and hedge funds.

About Medallion Financial

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.