Medallion Financial Corp (NASDAQ:MFIN) has been given a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a strong buy rating.
Brokerages have set a 1-year consensus price target of $10.00 for the company and are predicting that the company will post ($0.01) earnings per share for the current quarter, according to Zacks. Zacks has also assigned Medallion Financial an industry rank of 213 out of 265 based on the ratings given to related companies.
A number of equities analysts have weighed in on the stock. ValuEngine upgraded shares of Medallion Financial from a “sell” rating to a “hold” rating in a research report on Thursday, March 1st. Northland Securities assumed coverage on shares of Medallion Financial in a research report on Thursday, February 15th. They set an “outperform” rating and a $10.00 target price for the company.
Medallion Financial (NASDAQ:MFIN) last posted its quarterly earnings results on Thursday, March 1st. The credit services provider reported ($0.12) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.02) by ($0.10). The company had revenue of $2.62 million for the quarter, compared to the consensus estimate of $0.88 million. Medallion Financial had a net margin of 1.41% and a negative return on equity of 2.50%. equities analysts forecast that Medallion Financial will post 0.67 EPS for the current year.
A number of large investors have recently modified their holdings of the business. Second Curve Capital LLC bought a new position in Medallion Financial during the fourth quarter worth about $424,000. Gabelli Funds LLC boosted its position in Medallion Financial by 33.3% during the fourth quarter. Gabelli Funds LLC now owns 100,000 shares of the credit services provider’s stock worth $353,000 after purchasing an additional 25,000 shares during the period. Stifel Financial Corp boosted its position in Medallion Financial by 26.9% during the third quarter. Stifel Financial Corp now owns 359,518 shares of the credit services provider’s stock worth $786,000 after purchasing an additional 76,185 shares during the period. Finally, Gamco Investors INC. ET AL boosted its position in Medallion Financial by 13.7% during the third quarter. Gamco Investors INC. ET AL now owns 233,000 shares of the credit services provider’s stock worth $506,000 after purchasing an additional 28,000 shares during the period. Hedge funds and other institutional investors own 17.30% of the company’s stock.
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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