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

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 note issued to investors on Monday.

Medallion Financial Stock Performance

Shares of NASDAQ:MFIN traded up $0.12 during trading on Monday, reaching $9.19. 116,879 shares of the stock were exchanged, compared to its average volume of 92,353. The firm has a market cap of $212.93 million, a PE ratio of 5.11 and a beta of 2.14. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.55. Medallion Financial has a 12 month low of $6.34 and a 12 month high of $10.14. The stock has a 50-day moving average price of $8.12 and a 200-day moving average price of $8.02.

Medallion Financial (NASDAQ:MFIN - Get Free Report) last issued its quarterly earnings data on Tuesday, July 30th. The credit services provider reported $0.30 EPS for the quarter, missing analysts' consensus estimates of $0.33 by ($0.03). Medallion Financial had a net margin of 14.97% and a return on equity of 10.35%. The firm had revenue of $71.80 million during the quarter, compared to analyst estimates of $50.39 million. During the same period in the prior year, the company earned $0.62 earnings per share. Research analysts expect that Medallion Financial will post 1.49 EPS for the current fiscal year.

Institutional Trading of Medallion Financial

A number of institutional investors have recently bought and sold shares of MFIN. O Shaughnessy Asset Management LLC increased its stake in Medallion Financial by 3.3% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 98,279 shares of the credit services provider's stock worth $777,000 after acquiring an additional 3,125 shares during the period. Ritholtz Wealth Management increased its position in shares of Medallion Financial by 13.2% in 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 during the period. Ridgewood Investments LLC acquired a new position in Medallion Financial in the second quarter valued at about $38,000. Fortis Capital Advisors LLC bought a new stake in Medallion Financial during the first quarter worth about $169,000. Finally, Denali Advisors LLC grew its stake in Medallion Financial by 100.4% during the first quarter. Denali Advisors LLC now owns 44,700 shares of the credit services provider's stock worth $354,000 after buying an additional 22,400 shares in the last quarter. Institutional investors own 40.56% of the company's stock.

About Medallion Financial

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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