Medallion Financial (NASDAQ:MFIN) Rating Lowered to “Hold” at StockNews.com

Medallion Financial (NASDAQ:MFIN) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Friday.

Medallion Financial Stock Up 3.3 %

MFIN stock opened at $9.49 on Friday. 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’s 50 day simple moving average is $9.61 and its 200-day simple moving average is $8.57. Medallion Financial has a 12 month low of $6.48 and a 12 month high of $10.50. The firm has a market capitalization of $218.92 million, a PE ratio of 5.62 and a beta of 2.09.

Medallion Financial (NASDAQ:MFIN) last announced its earnings results on Tuesday, October 29th. The credit services provider reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.01. Medallion Financial had a return on equity of 9.52% and a net margin of 13.72%. The firm had revenue of $77.00 million for the quarter, compared to analysts’ expectations of $52.88 million. During the same quarter in the prior year, the firm earned $0.48 EPS. Equities analysts expect that Medallion Financial will post 1.48 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Medallion Financial

Hedge funds have recently modified their holdings of the company. BNP Paribas Financial Markets lifted its stake in shares of Medallion Financial by 52.3% during the third quarter. BNP Paribas Financial Markets now owns 4,820 shares of the credit services provider’s stock valued at $39,000 after buying an additional 1,656 shares during the period. Jane Street Group LLC purchased a new position in shares of Medallion Financial during the 3rd quarter worth $117,000. PDT Partners LLC acquired a new stake in shares of Medallion Financial during the third quarter worth $165,000. Rhumbline Advisers boosted its holdings 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 purchasing an additional 23,180 shares during the last quarter. Finally, Barclays PLC increased its stake in Medallion Financial by 297.6% in the third quarter. Barclays PLC now owns 26,063 shares of the credit services provider’s stock valued at $213,000 after purchasing an additional 19,508 shares during the last quarter. 40.56% of the stock is owned by institutional investors and hedge funds.

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.