Medallion Financial Corp. (MFIN) Director David L. Rudnick Purchases 12,500 Shares
Medallion Financial Corp. (NASDAQ:MFIN) Director David L. Rudnick purchased 12,500 shares of the business’s stock in a transaction on Wednesday, September 13th. The shares were purchased at an average price of $2.26 per share, with a total value of $28,250.00. Following the completion of the purchase, the director now owns 8,424 shares in the company, valued at $19,038.24. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
Medallion Financial Corp. (NASDAQ MFIN) traded down 0.44% during midday trading on Thursday, hitting $2.27. The company’s stock had a trading volume of 1,180 shares. The company’s 50-day moving average is $2.41 and its 200 day moving average is $2.29. The company has a market cap of $54.32 million, a price-to-earnings ratio of 6.47 and a beta of 1.67. Medallion Financial Corp. has a one year low of $1.60 and a one year high of $4.64.
Medallion Financial Corp. (NASDAQ:MFIN) last released its quarterly earnings results on Wednesday, August 9th. The credit services provider reported ($0.05) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.06). Medallion Financial Corp. had a net margin of 45.11% and a negative return on equity of 0.79%. The business had revenue of $0.38 million during the quarter. On average, analysts predict that Medallion Financial Corp. will post $0.37 EPS for the current year.
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Institutional investors have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp raised its stake in Medallion Financial Corp. by 1.2% in the first quarter. Bank of New York Mellon Corp now owns 77,306 shares of the credit services provider’s stock valued at $153,000 after buying an additional 906 shares during the last quarter. Corsair Capital Management L.P. purchased a new stake in Medallion Financial Corp. in the first quarter valued at about $273,000. Teton Advisors Inc. raised its stake in Medallion Financial Corp. by 27.3% in the first quarter. Teton Advisors Inc. now owns 140,000 shares of the credit services provider’s stock valued at $277,000 after buying an additional 30,000 shares during the last quarter. Gamco Investors INC. ET AL raised its stake in Medallion Financial Corp. by 25.2% in the first quarter. Gamco Investors INC. ET AL now owns 167,000 shares of the credit services provider’s stock valued at $331,000 after buying an additional 33,622 shares during the last quarter. Finally, Stifel Financial Corp raised its stake in Medallion Financial Corp. by 26.0% in the first quarter. Stifel Financial Corp now owns 234,550 shares of the credit services provider’s stock valued at $458,000 after buying an additional 48,471 shares during the last quarter. Institutional investors own 17.28% of the company’s stock.
Separately, ValuEngine upgraded Medallion Financial Corp. from a “hold” rating to a “buy” rating in a research note on Friday, September 1st.
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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