Medallion Financial (NASDAQ:MFIN) Stock Crosses Above Two Hundred Day Moving Average - Here's Why

Medallion Financial Corp. (NASDAQ:MFIN - Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $9.04 and traded as high as $9.08. Medallion Financial shares last traded at $9.04, with a volume of 48,909 shares changing hands.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Medallion Financial from a "hold" rating to a "buy" rating in a report on Wednesday, February 5th.

Medallion Financial Price Performance

The company has a fifty day simple moving average of $8.54 and a 200 day simple moving average of $9.04. The stock has a market capitalization of $210.29 million, a price-to-earnings ratio of 5.35 and a beta of 1.58. 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 (NASDAQ:MFIN - Get Free Report) last issued its earnings results on Tuesday, March 4th. The credit services provider reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.10. Medallion Financial had a net margin of 13.72% and a return on equity of 9.52%. The business had revenue of $53.10 million for the quarter, compared to analyst estimates of $53.66 million. Equities research analysts forecast that Medallion Financial Corp. will post 1.46 EPS for the current fiscal year.

Medallion Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were paid a dividend of $0.11 per share. The ex-dividend date was Monday, March 17th. This represents a $0.44 dividend on an annualized basis and a yield of 4.87%. Medallion Financial's dividend payout ratio (DPR) is presently 28.95%.

Hedge Funds Weigh In On Medallion Financial

Large investors have recently added to or reduced their stakes in the business. MetLife Investment Management LLC lifted its stake in Medallion Financial by 62.0% during the 4th quarter. MetLife Investment Management LLC now owns 9,018 shares of the credit services provider's stock valued at $85,000 after acquiring an additional 3,452 shares in the last quarter. Deutsche Bank AG purchased a new stake in shares of Medallion Financial during the 4th quarter valued at approximately $92,000. D Orazio & Associates Inc. purchased a new position in shares of Medallion Financial in the first quarter valued at $95,000. Wells Fargo & Company MN lifted its holdings in shares of Medallion Financial by 24.3% in the fourth quarter. Wells Fargo & Company MN now owns 11,554 shares of the credit services provider's stock worth $108,000 after buying an additional 2,256 shares in the last quarter. Finally, Mariner LLC bought a new position in Medallion Financial in the 4th quarter valued at $112,000. 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.

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