Medallion Financial (NASDAQ:MFIN) Upgraded by StockNews.com to "Buy" Rating

Medallion Financial (NASDAQ:MFIN - Get Free Report) was upgraded by equities research analysts at StockNews.com from a "hold" rating to a "buy" rating in a research note issued to investors on Wednesday.

Medallion Financial Stock Performance

MFIN traded down $0.17 during midday trading on Wednesday, reaching $8.81. The company had a trading volume of 25,747 shares, compared to its average volume of 38,644. The business has a 50-day moving average price of $9.43 and a two-hundred day moving average price of $8.81. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.18 and a current ratio of 1.18. Medallion Financial has a 12-month low of $6.48 and a 12-month high of $10.50. The stock has a market cap of $203.23 million, a PE ratio of 5.21 and a beta of 2.07.

Institutional Trading of Medallion Financial

A number of large investors have recently bought and sold shares of the company. BNP Paribas Financial Markets grew its stake in shares of Medallion Financial by 52.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 4,820 shares of the credit services provider's stock worth $39,000 after acquiring an additional 1,656 shares during the period. Jane Street Group LLC purchased a new stake in Medallion Financial during the third quarter valued at about $117,000. Raymond James Financial Inc. bought a new position in Medallion Financial during the fourth quarter worth about $150,000. PDT Partners LLC purchased a new position in shares of Medallion Financial in the third quarter worth about $165,000. Finally, Empowered Funds LLC raised its position in shares of Medallion Financial by 56.1% in the fourth quarter. Empowered Funds LLC now owns 25,381 shares of the credit services provider's stock valued at $238,000 after purchasing an additional 9,121 shares during the period. 40.56% of the stock is owned by hedge funds and other institutional investors.

Medallion Financial Company Profile

Medallion Financial Corp., together with its subsidiaries, operates as a specialty finance company in the United States. It operates in four segments: Recreation Lending, Home Improvement Lending, Commercial Lending, and Taxi Medallion Lending. The company offers loans that finance consumer purchases of recreational vehicles, boats, and other consumer recreational equipment; consumer financing for window, siding, and roof replacement, swimming pool installations, and other home improvement projects; senior and subordinated loans for the purchase of equipment and related assets necessary to open a new business, or purchase or improvement of an existing business; and taxi medallion loans to individuals and small to mid-size businesses.