Medallion Financial (NASDAQ:MFIN) Share Price Crosses Above 200-Day Moving Average - Time to Sell?

Medallion Financial Corp. (NASDAQ:MFIN - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $8.67 and traded as high as $9.29. Medallion Financial shares last traded at $9.23, with a volume of 25,636 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of Medallion Financial from a "buy" rating to a "hold" rating in a research report on Friday, January 3rd.

Medallion Financial Stock Up 2.8 %

The company has a debt-to-equity ratio of 0.54, a current ratio of 1.18 and a quick ratio of 1.18. The business's fifty day moving average price is $9.58 and its two-hundred day moving average price is $8.68. The stock has a market capitalization of $218.92 million, a PE ratio of 5.62 and a beta of 2.09.

Medallion Financial (NASDAQ:MFIN - Get Free Report) last posted its quarterly earnings results on Tuesday, October 29th. The credit services provider reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.01. Medallion Financial had a return on equity of 9.52% and a net margin of 13.72%. The business had revenue of $77.00 million for the quarter, compared to the consensus estimate of $52.88 million. During the same quarter in the previous year, the business earned $0.48 EPS. On average, equities research analysts forecast that Medallion Financial Corp. will post 1.48 EPS for the current fiscal year.

Medallion Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Friday, November 15th were issued a $0.11 dividend. This is an increase from Medallion Financial's previous quarterly dividend of $0.10. This represents a $0.44 annualized dividend and a dividend yield of 4.64%. The ex-dividend date of this dividend was Friday, November 15th. Medallion Financial's dividend payout ratio is 26.04%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. BNP Paribas Financial Markets grew its position in 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 purchasing an additional 1,656 shares during the period. Jane Street Group LLC acquired a new stake in Medallion Financial during the third quarter worth about $117,000. PDT Partners LLC purchased a new position in Medallion Financial during the third quarter valued at approximately $165,000. Rhumbline Advisers lifted its holdings in Medallion Financial by 2,306.5% in the second quarter. Rhumbline Advisers now owns 24,185 shares of the credit services provider's stock valued at $186,000 after acquiring an additional 23,180 shares during the period. Finally, Barclays PLC boosted its position in Medallion Financial by 297.6% in the 3rd quarter. Barclays PLC now owns 26,063 shares of the credit services provider's stock worth $213,000 after purchasing an additional 19,508 shares in the last quarter. Hedge funds and other institutional investors own 40.56% of the company's stock.

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.