Medallion Financial Corp. (MFIN) Director Acquires $11,810.24 in Stock
Medallion Financial Corp. (NASDAQ:MFIN) Director Allan J. Tanenbaum bought 4,342 shares of the company’s stock in a transaction that occurred on Tuesday, December 5th. The stock was acquired at an average price of $2.72 per share, for a total transaction of $11,810.24. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Medallion Financial Corp. (NASDAQ:MFIN) traded up $0.01 during midday trading on Wednesday, hitting $2.75. 50,100 shares of the company were exchanged, compared to its average volume of 170,671. The company has a debt-to-equity ratio of 1.16, a quick ratio of 40.54 and a current ratio of 40.54. Medallion Financial Corp. has a twelve month low of $1.60 and a twelve month high of $4.14.
Medallion Financial (NASDAQ:MFIN) last released its earnings results on Tuesday, November 7th. The credit services provider reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.09). Medallion Financial had a negative return on equity of 0.75% and a net margin of 21.17%. The business had revenue of $2.02 million during the quarter.
Separately, ValuEngine upgraded shares of Medallion Financial from a “hold” rating to a “buy” rating in a report on Friday, September 1st.
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Medallion Financial 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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