Medallion Financial (NASDAQ:MFIN) rating downgraded to hold on

Medallion Financial (NASDAQ:MFIN – Get a rating) was downgraded by from a “buy” rating to a “hold” rating in a research report released Friday to clients and investors.

Several other research analysts have also recently published reports on the company. Zacks Investment Research upgraded Medallion Financial from a “hold” rating to a “sell” rating in a Friday, May 6 research report. B. Riley lowered his price target on Medallion Financial from $13.00 to $12.00 in a Tuesday, April 12 research report.

NASDAQ: MFIN traded down $0.21 on Friday, hitting $7.67. The stock had a trading volume of 50,783 shares, compared to an average trading volume of 136,001. The stock has a market capitalization of $195.64 million, a price-to-earnings ratio of 3.45 and a beta of 2.35. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt ratio of 0.62. The company’s 50-day simple moving average is $8.42 and its two-hundred-day simple moving average is $7.98. Medallion Financial has a 52-week minimum of $3.50 and a 52-week maximum of $10.05.

Medallion Financial (NASDAQ:MFIN – Get a rating) last announced its results on Monday, May 2. The credit service provider reported earnings per share (EPS) of $0.39 for the quarter, beating the consensus estimate of $0.31 by $0.08. Medallion Financial had a return on equity of 16.37% and a net margin of 28.27%. As a group, equity research analysts expect Medallion Financial to post EPS of 1.42 for the current year.

Several hedge funds have recently bought and sold shares of the company. Wellington Management Group LLP increased its position in Medallion Financial shares by 10.3% during the third quarter. Wellington Management Group LLP now owns 1,164,922 shares of the credit services provider valued at $9,133,000 after buying an additional 108,600 shares last quarter. Key Colony Management LLC acquired a new stake in Medallion Financial during Q4, valued at approximately $5,633,000. Tieton Capital Management LLC increased its stake in Medallion Financial by 16.0% during the 1st quarter. Tieton Capital Management LLC now owns 968,624 shares of the credit service provider valued at $8,233,000 after purchasing an additional 133,703 shares during the period. Vanguard Group Inc. increased its stake in Medallion Financial by 3.2% during the 1st quarter. Vanguard Group Inc. now owns 938,516 shares of the credit service provider valued at $7,978,000 after purchasing an additional 29,247 shares during the period. Finally, Millennium Management LLC increased its stake in Medallion Financial by 2.8% during the 3rd quarter. Millennium Management LLC now owns 201,881 shares of the credit service provider valued at $1,583,000 after purchasing an additional 5,503 shares during the period. 27.89% of the shares are currently held by hedge funds and other institutional investors.

Medallion Financial Company Profile (Get a rating)

Medallion Financial Corp., together with its subsidiaries, operates as a financial company in the United States. The Company operates through four segments: Leisure Loans, Home Improvement Loans, Commercial Loans and Medallion Loans. It offers loans that finance consumer purchases of recreational vehicles, boats and trailers; consumer home improvement; commercial enterprises; and taxi medallions to individuals and small and medium enterprises.

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