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

Shares of Medallion Financial Corp. (NASDAQ:MFIN) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $8.55 and traded as high as $9.53. Medallion Financial shares last traded at $9.39, with a volume of 72,111 shares trading hands.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of Medallion Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, December 24th.

Medallion Financial Trading Down 2.1 %

The company has a market capitalization of $211.99 million, a PE ratio of 5.44 and a beta of 2.11. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.18 and a quick ratio of 1.18. The company’s fifty day moving average is $9.60 and its 200-day moving average is $8.56.

Medallion Financial (NASDAQ:MFIN) last announced its quarterly earnings results on Tuesday, October 29th. The credit services provider reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.01. The business had revenue of $77.00 million for the quarter, compared to the consensus estimate 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 last year, the business posted $0.48 EPS. On average, analysts anticipate that Medallion Financial Corp. will post 1.48 EPS for the current fiscal year.

Medallion Financial Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Friday, November 15th were given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 4.79%. This is a positive change from Medallion Financial’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend was Friday, November 15th. Medallion Financial’s dividend payout ratio is presently 26.04%.

Institutional Trading of Medallion Financial

A number of institutional investors have recently modified their holdings of the company. BNP Paribas Financial Markets lifted its position in Medallion Financial by 52.3% during the third quarter. BNP Paribas Financial Markets now owns 4,820 shares of the credit services provider’s stock valued at $39,000 after acquiring an additional 1,656 shares during the last quarter. Jane Street Group LLC acquired a new position in shares of Medallion Financial during the third quarter worth $117,000. PDT Partners LLC acquired a new stake in shares of Medallion Financial in the 3rd quarter worth $165,000. Rhumbline Advisers grew its stake in Medallion Financial by 2,306.5% during the 2nd quarter. Rhumbline Advisers now owns 24,185 shares of the credit services provider’s stock worth $186,000 after buying an additional 23,180 shares during the last quarter. Finally, Barclays PLC increased its position in Medallion Financial by 297.6% during the 3rd quarter. Barclays PLC now owns 26,063 shares of the credit services provider’s stock valued at $213,000 after buying an additional 19,508 shares in the last quarter. 40.56% of the stock is currently owned by institutional investors.

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.