Medallion Financial Corp (NASDAQ:MFIN) CEO Purchases $10,076.00 in Stock

Medallion Financial Corp (NASDAQ:MFIN) CEO Donald S. Poulton purchased 2,200 shares of the company’s stock in a transaction that occurred on Monday, August 12th. The shares were acquired at an average price of $4.58 per share, for a total transaction of $10,076.00. Following the completion of the acquisition, the chief executive officer now directly owns 76,531 shares of the company’s stock, valued at approximately $350,511.98. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link.

NASDAQ:MFIN traded up $0.12 during trading hours on Tuesday, reaching $4.73. The stock had a trading volume of 2,800 shares, compared to its average volume of 204,006. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.56. The stock has a 50 day moving average of $5.58. Medallion Financial Corp has a 12-month low of $4.07 and a 12-month high of $7.80. The firm has a market capitalization of $115.86 million, a PE ratio of -8.76 and a beta of 1.50.

Medallion Financial (NASDAQ:MFIN) last released its earnings results on Monday, August 5th. The credit services provider reported ($0.31) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.05 by ($0.36). The firm had revenue of $24.88 million during the quarter, compared to analysts’ expectations of $31.52 million. Medallion Financial had a negative return on equity of 0.63% and a negative net margin of 1.05%. As a group, equities research analysts expect that Medallion Financial Corp will post -0.03 earnings per share for the current year.



A number of research firms have issued reports on MFIN. Northland Securities reissued a “buy” rating and issued a $12.00 target price on shares of Medallion Financial in a research report on Tuesday, May 7th. ValuEngine raised Medallion Financial from a “sell” rating to a “hold” rating in a research report on Wednesday, August 7th. Finally, Zacks Investment Research downgraded Medallion Financial from a “hold” rating to a “sell” rating in a research report on Tuesday, August 6th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $10.67.

Several hedge funds and other institutional investors have recently made changes to their positions in MFIN. Millennium Management LLC acquired a new stake in Medallion Financial during the 4th quarter worth approximately $234,000. Deutsche Bank AG lifted its holdings in Medallion Financial by 93.6% during the 4th quarter. Deutsche Bank AG now owns 35,685 shares of the credit services provider’s stock worth $166,000 after buying an additional 17,255 shares in the last quarter. Quinn Opportunity Partners LLC acquired a new stake in Medallion Financial during the 1st quarter worth approximately $80,000. Advisor Group Inc. lifted its holdings in Medallion Financial by 10.1% during the 1st quarter. Advisor Group Inc. now owns 190,318 shares of the credit services provider’s stock worth $1,313,000 after buying an additional 17,494 shares in the last quarter. Finally, Tieton Capital Management LLC acquired a new stake in Medallion Financial during the 1st quarter worth approximately $1,458,000. Institutional investors own 14.43% of the company’s stock.

About Medallion Financial

Medallion Financial Corp., through with its subsidiaries, operates as a finance company in the United States. It originates, acquires, and services loans that finance taxicab medallions and various types of commercial businesses. The company offers consumer loans for the purchase of recreational vehicles, boats, motorcycles, and trailers, as well as to finance small scale home improvements; and commercial loans for the purchase of equipment and related assets necessary to open a new business, or purchase or improvement of an existing business.

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