Medallion Financial Corp. Director Lowell P. Weicker, Jr. Purchases 4,635 Shares (TAXI)
Medallion Financial Corp. (NASDAQ:TAXI) Director Lowell P. Weicker, Jr. acquired 4,635 shares of Medallion Financial Corp. stock on the open market in a transaction dated Monday, August 11th. The stock was purchased at an average cost of $11.66 per share, for a total transaction of $54,044.10. Following the completion of the acquisition, the director now directly owns 7,600 shares in the company, valued at approximately $88,616. The purchase was disclosed in a legal filing with the SEC, which is available at this link.
Separately, analysts at Keefe, Bruyette & Woods cut their price target on shares of Medallion Financial Corp. from $15.50 to $15.00 in a research note on Thursday, May 22nd. They now have a “market perform” rating on the stock.
Shares of Medallion Financial Corp. (NASDAQ:TAXI) traded down 1.80% on Tuesday, hitting $11.47. 256,595 shares of the company’s stock traded hands. Medallion Financial Corp. has a 52-week low of $11.01 and a 52-week high of $17.85. The stock has a 50-day moving average of $11.65 and a 200-day moving average of $13.05. The company has a market cap of $285.6 million and a P/E ratio of 10.35.
Medallion Financial Corp. (NASDAQ:TAXI) last posted its quarterly earnings results on Monday, August 4th. The company reported $0.28 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.27 by $0.01. Analysts expect that Medallion Financial Corp. will post $1.13 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, August 21st. Shareholders of record on Thursday, August 14th will be paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 8.22%. The ex-dividend date is Tuesday, August 12th.
Medallion Financial Corp. is a specialty finance company that is engaged in originating, acquiring, and servicing loans that finance taxicab medallions and various types of commercial businesses.
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