Medallion Financial (NASDAQ:MFIN) downgraded to “Hold” on

Medallion Financial (NASDAQ:MFIN – Get a Rating) was downgraded by from a “buy” rating to a “hold” rating in a note released Sunday to investors.

A number of other stock analysts have also published reports on MFIN. Zacks Investment Research downgraded shares of Medallion Financial from a “hold” rating to a “sell” rating in a Friday, May 6 research report. B. Riley lowered his target price on Medallion Financial shares from $13.00 to $12.00 in a Tuesday, April 12 research report.

The NASDAQ MFIN opened at $7.72 on Friday. The stock has a market capitalization of $196.91 million, a P/E ratio of 3.48 and a beta of 2.35. Medallion Financial has a 12-month low of $3.50 and a 12-month high of $10.05. The company has a debt ratio of 0.61, a current ratio of 1.23 and a quick ratio of 1.24. The company’s 50-day moving average is $8.11 and its two-hundred-day moving average is $7.89.

Medallion Financial (NASDAQ:MFIN – Get Rating) last announced its quarterly results on Monday, May 2. The credit service provider reported EPS of $0.39 for the quarter, beating the consensus estimate of $0.31 by $0.08. The company posted revenue of $37.46 million for the quarter, versus analyst estimates of $35.96 million. Medallion Financial had a net margin of 28.27% and a return on equity of 16.10%. As a group, analysts expect Medallion Financial to post 1.42 EPS for the current year.

Hedge funds and other institutional investors have recently changed their stock holdings. BNP Paribas Arbitrage SA increased its equity stake in Medallion Financial by 1,917.1% during the first quarter. BNP Paribas Arbitrage SA now owns 3,066 shares of the credit services provider worth $26,000 after purchasing an additional 2,914 shares during the period. Royal Bank of Canada increased its holdings in Medallion Financial by 281.0% in the third quarter. Royal Bank of Canada now owns 3,932 shares of the credit service provider valued at $31,000 after acquiring an additional 2,900 shares during the period. Barclays PLC increased its stake in Medallion Financial by 277.7% in the third quarter. Barclays PLC now owns 4,347 shares in the credit services provider valued at $34,000 after acquiring an additional 3,196 shares during the period. PDT Partners LLC acquired a new stake in Medallion Financial in the first quarter valued at $89,000. Finally, Dimensional Fund Advisors LP acquired a new stake in Medallion Financial in the fourth quarter valued at $66,000. 27.89% of the shares are held by hedge funds and other institutional investors.

Medallion Financial Company Profile (Get a rating)

Medallion Financial Corp., together with its subsidiaries, operates as a financial company in the United States. The Company operates through four segments: Leisure Loans, Home Improvement Loans, Commercial Loans and Medallion Loans. It offers loans that finance consumer purchases of recreational vehicles, boats and trailers; consumer home improvement; commercial enterprises; and taxi medallions to individuals and small and medium enterprises.

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