Northland Capmk Issues Pessimistic Outlook for MFIN Earnings

Medallion Financial Corp. (NASDAQ:MFIN - Free Report) - Investment analysts at Northland Capmk cut their Q4 2024 earnings per share (EPS) estimates for Medallion Financial in a research note issued on Wednesday, October 30th. Northland Capmk analyst M. Grondahl now expects that the credit services provider will post earnings of $0.33 per share for the quarter, down from their previous forecast of $0.34. The consensus estimate for Medallion Financial's current full-year earnings is $1.49 per share. Northland Capmk also issued estimates for Medallion Financial's Q2 2025 earnings at $0.35 EPS, Q3 2025 earnings at $0.41 EPS, Q4 2025 earnings at $0.42 EPS and FY2025 earnings at $1.52 EPS.

Separately, StockNews.com upgraded Medallion Financial from a "hold" rating to a "buy" rating in a research note on Monday.

Medallion Financial Stock Performance

Shares of MFIN stock traded up $0.14 during mid-day trading on Friday, hitting $9.60. 59,415 shares of the stock were exchanged, compared to its average volume of 91,815. The stock's fifty day simple moving average is $8.24 and its two-hundred day simple moving average is $8.06. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.19 and a current ratio of 1.19. Medallion Financial has a 12-month low of $6.48 and a 12-month high of $10.14. The stock has a market capitalization of $222.43 million, a price-to-earnings ratio of 5.61 and a beta of 2.14.

Medallion Financial (NASDAQ:MFIN - Get Free Report) last issued its earnings results on Tuesday, October 29th. The credit services provider reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.01. Medallion Financial had a net margin of 13.72% and a return on equity of 9.59%. The business had revenue of $77.00 million during the quarter, compared to analysts' expectations of $52.88 million. During the same quarter in the prior year, the business posted $0.48 EPS.

Medallion Financial Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Friday, November 15th will be given a $0.11 dividend. This is an increase from Medallion Financial's previous quarterly dividend of $0.10. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.44 annualized dividend and a yield of 4.58%. Medallion Financial's dividend payout ratio is 23.67%.

Institutional Investors Weigh In On Medallion Financial

Several hedge funds have recently made changes to their positions in MFIN. Ridgewood Investments LLC purchased a new position in Medallion Financial in the 2nd quarter valued at $38,000. Fortis Capital Advisors LLC purchased a new stake in shares of Medallion Financial in the first quarter valued at about $169,000. Rhumbline Advisers increased its stake in shares of Medallion Financial by 2,306.5% during the second quarter. Rhumbline Advisers now owns 24,185 shares of the credit services provider's stock worth $186,000 after acquiring an additional 23,180 shares during the period. Ritholtz Wealth Management raised its holdings in Medallion Financial by 13.2% during the second quarter. Ritholtz Wealth Management now owns 41,664 shares of the credit services provider's stock worth $320,000 after purchasing an additional 4,862 shares in the last quarter. Finally, Panagora Asset Management Inc. acquired a new stake in Medallion Financial in the second quarter valued at about $462,000. 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.