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

Medallion Financial Corp. (NASDAQ:MFIN - Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $8.90 and traded as high as $8.92. Medallion Financial shares last traded at $8.77, with a volume of 38,487 shares trading hands.

Analysts Set New Price Targets

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

Medallion Financial Stock Performance

The business has a 50-day moving average of $8.78 and a two-hundred day moving average of $8.91. 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 company has a market cap of $203.46 million, a P/E ratio of 5.22 and a beta of 2.10.

Medallion Financial (NASDAQ:MFIN - Get Free Report) last released its quarterly earnings results on Tuesday, March 4th. The credit services provider reported $0.43 earnings per share for the quarter, beating analysts' consensus estimates 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 analysts' expectations of $53.66 million. On average, sell-side analysts predict that Medallion Financial Corp. will post 1.46 EPS for the current fiscal year.

Remove Ads

Medallion Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 4.99%. The ex-dividend date is Monday, March 17th. Medallion Financial's dividend payout ratio (DPR) is presently 28.95%.

Hedge Funds Weigh In On Medallion Financial

Several hedge funds have recently modified their holdings of the stock. BNP Paribas Financial Markets increased its stake 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 valued at $39,000 after purchasing an additional 1,656 shares in the last quarter. MetLife Investment Management LLC grew its holdings in shares of Medallion Financial by 62.0% during the fourth quarter. MetLife Investment Management LLC now owns 9,018 shares of the credit services provider's stock valued at $85,000 after buying an additional 3,452 shares during the last quarter. Deutsche Bank AG acquired a new position in shares of Medallion Financial in the 4th quarter valued at $92,000. Wells Fargo & Company MN lifted its position in Medallion Financial by 24.3% during the 4th quarter. Wells Fargo & Company MN now owns 11,554 shares of the credit services provider's stock worth $108,000 after acquiring an additional 2,256 shares during the period. Finally, Mariner LLC acquired a new stake in Medallion Financial during the 4th quarter worth about $112,000. Institutional investors and hedge funds 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.