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.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MFIN. Bank of New York Mellon Corp raised its holdings in shares of Medallion Financial by 1.2% in the 1st quarter. Bank of New York Mellon Corp now owns 77,306 shares of the credit services provider’s stock worth $153,000 after purchasing an additional 906 shares in the last quarter. Teton Advisors Inc. raised its holdings in shares of Medallion Financial by 17.9% in the 2nd quarter. Teton Advisors Inc. now owns 165,000 shares of the credit services provider’s stock worth $394,000 after purchasing an additional 25,000 shares in the last quarter. Gamco Investors INC. ET AL raised its holdings in shares of Medallion Financial by 22.8% in the 2nd quarter. Gamco Investors INC. ET AL now owns 205,000 shares of the credit services provider’s stock worth $490,000 after purchasing an additional 38,000 shares in the last quarter. Finally, Stifel Financial Corp raised its holdings in shares of Medallion Financial by 20.8% during the second quarter. Stifel Financial Corp now owns 283,333 shares of the credit services provider’s stock valued at $676,000 after acquiring an additional 48,783 shares during the period. Institutional investors and hedge funds own 17.24% of the company’s stock.

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.

Insider Buying and Selling by Quarter for Medallion Financial (NASDAQ:MFIN)

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