Medallion Financial (NASDAQ:MFIN) Stock Rating Lowered by Wall Street Zen

Medallion Financial (NASDAQ:MFIN) was downgraded by investment analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued on Saturday.

A number of other research firms also recently commented on MFIN. Weiss Ratings reiterated a “hold (c)” rating on shares of Medallion Financial in a research report on Wednesday, October 8th. Zacks Research raised shares of Medallion Financial from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 3rd. Finally, LADENBURG THALM/SH SH raised Medallion Financial from a “neutral” rating to a “buy” rating and set a $12.00 price objective on the stock in a research note on Thursday, July 31st. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Medallion Financial presently has a consensus rating of “Buy” and an average target price of $12.00.

Medallion Financial Stock Down 0.1%

NASDAQ MFIN opened at $9.88 on Friday. Medallion Financial has a 12 month low of $7.71 and a 12 month high of $10.98. 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 stock has a market cap of $230.00 million, a PE ratio of 5.78 and a beta of 1.39. The stock’s 50 day moving average is $10.16 and its 200 day moving average is $9.81.

Medallion Financial (NASDAQ:MFIN) last announced its quarterly earnings results on Wednesday, October 29th. The credit services provider reported $0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.17. Medallion Financial had a net margin of 12.12% and a return on equity of 9.40%. The company had revenue of $55.69 million for the quarter, compared to the consensus estimate of $53.76 million. Research analysts predict that Medallion Financial will post 1.46 EPS for the current fiscal year.

Hedge Funds Weigh In On Medallion Financial

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Tower Research Capital LLC TRC raised its stake in Medallion Financial by 533.1% in the second 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. bought a new position in shares of Medallion Financial in the 2nd quarter worth $76,000. MetLife Investment Management LLC lifted its stake in shares of Medallion Financial by 25.4% during the 1st quarter. MetLife Investment Management LLC now owns 11,311 shares of the credit services provider’s stock worth $99,000 after purchasing an additional 2,293 shares during the last quarter. Baron Wealth Management LLC bought a new position in Medallion Financial in the second quarter worth about $103,000. Finally, Allworth Financial LP bought a new position in Medallion Financial in the second quarter worth about $152,000. 40.56% of the stock is currently owned by institutional investors.

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.