Medallion Financial Corp. (MFIN) to Release Quarterly Earnings on Wednesday
Medallion Financial Corp. (NASDAQ:MFIN) will issue its quarterly earnings data after the market closes on Wednesday, August 9th.
Shares of Medallion Financial Corp. (MFIN) traded down 2.351% on Tuesday, reaching $2.451. 10,507 shares of the company traded hands. Medallion Financial Corp. has a one year low of $1.60 and a one year high of $6.46. The company has a market capitalization of $58.64 million, a PE ratio of 3.317 and a beta of 1.68. The firm has a 50-day moving average price of $2.36 and a 200 day moving average price of $2.30.
In other news, Director David L. Rudnick acquired 13,049 shares of the business’s stock in a transaction on Friday, June 9th. The shares were purchased at an average cost of $2.50 per share, with a total value of $32,622.50. Following the acquisition, the director now directly owns 8,424 shares of the company’s stock, valued at $21,060. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Alvin Murstein acquired 27,500 shares of the business’s stock in a transaction on Wednesday, May 24th. The shares were purchased at an average cost of $23,925.00 per share, for a total transaction of $657,937,500.00. Following the completion of the acquisition, the chief executive officer now directly owns 127,618 shares in the company, valued at $3,053,260,650. The disclosure for this purchase can be found here. Insiders have acquired a total of 191,300 shares of company stock valued at $658,325,617 in the last 90 days. 16.16% of the stock is currently owned by company insiders.
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Separately, ValuEngine lowered shares of Medallion Financial Corp. from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd.
Medallion Financial Corp. Company Profile
Medallion Financial Corp. is a closed-end, non-diversified management investment company. The Company is a specialty finance company, which is engaged in originating, acquiring and servicing loans that finance taxicab medallions and various types of commercial businesses. The Company operates in lending and investing operations segment.
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