Medallion Financial (NASDAQ:MFIN) Stock Passes Above 200 Day Moving Average – Should You Sell?

Medallion Financial Corp. (NASDAQ:MFIN) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $8.90 and traded as high as $8.92. Medallion Financial shares last traded at $8.77, with a volume of 38,487 shares trading hands.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Medallion Financial from a “hold” rating to a “buy” rating in a research note on Wednesday, February 5th.

Medallion Financial Trading Down 1.7 %

The company has a market cap of $202.31 million, a P/E ratio of 5.19 and a beta of 2.10. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.54. The business has a 50 day moving average price of $8.82 and a 200-day moving average price of $8.90.

Medallion Financial (NASDAQ:MFIN) last posted its quarterly earnings results on Tuesday, March 4th. The credit services provider reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.10. Medallion Financial had a return on equity of 9.52% and a net margin of 13.72%. The business had revenue of $53.10 million for the quarter, compared to analysts’ expectations of $53.66 million. Analysts forecast that Medallion Financial Corp. will post 1.46 earnings per share for the current fiscal year.

Medallion Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 5.02%. The ex-dividend date is Monday, March 17th. Medallion Financial’s dividend payout ratio (DPR) is presently 28.95%.

Institutional Investors Weigh In On Medallion Financial

A number of large investors have recently added to or reduced their stakes in the business. Segall Bryant & Hamill LLC acquired a new position in Medallion Financial in the 3rd quarter valued at $1,025,000. Geode Capital Management LLC grew its holdings in Medallion Financial by 2.4% in the 3rd quarter. Geode Capital Management LLC now owns 416,956 shares of the credit services provider’s stock valued at $3,394,000 after buying an additional 9,849 shares in the last quarter. Stifel Financial Corp grew its holdings in Medallion Financial by 4.2% in the 3rd quarter. Stifel Financial Corp now owns 272,949 shares of the credit services provider’s stock valued at $2,222,000 after buying an additional 10,974 shares in the last quarter. BNP Paribas Financial Markets grew its holdings in Medallion Financial by 52.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 4,820 shares of the credit services provider’s stock valued at $39,000 after buying an additional 1,656 shares in the last quarter. Finally, Ritholtz Wealth Management grew its holdings in Medallion Financial by 56.3% in the 4th quarter. Ritholtz Wealth Management now owns 57,584 shares of the credit services provider’s stock valued at $541,000 after buying an additional 20,747 shares in the last quarter. Institutional investors 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.