Medallion Financial (NASDAQ:MFIN) Stock Passes Above 200 Day Moving Average – Should You Sell?

Medallion Financial Corp. (NASDAQ:MFIN) shares crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred 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 traded.

Analysts Set New Price Targets

Separately, StockNews.com raised Medallion Financial from a “hold” rating to a “buy” rating in a report on Wednesday, February 5th.

Medallion Financial Trading Down 1.7 %

The company has a market capitalization of $202.31 million, a price-to-earnings ratio of 5.19 and a beta of 2.10. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.18 and a current ratio of 1.18. The firm has a fifty day moving average price of $8.82 and a 200-day moving average price of $8.90.

Medallion Financial (NASDAQ:MFIN) last released its quarterly earnings data on Tuesday, March 4th. The credit services provider reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.10. The business had revenue of $53.10 million for the quarter, compared to analyst estimates of $53.66 million. Medallion Financial had a return on equity of 9.52% and a net margin of 13.72%. As a group, equities analysts anticipate that Medallion Financial Corp. will post 1.46 EPS for the current year.

Medallion Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be paid a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 5.02%. The ex-dividend date is Monday, March 17th. Medallion Financial’s dividend payout ratio (DPR) is presently 28.95%.

Institutional Trading of Medallion Financial

Several large investors have recently bought and sold shares of the business. State Street Corp boosted its stake in Medallion Financial by 0.7% in the third quarter. State Street Corp now owns 204,558 shares of the credit services provider’s stock valued at $1,665,000 after buying an additional 1,333 shares in the last quarter. BNP Paribas Financial Markets raised its position in Medallion Financial by 52.3% in the third 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 during the last quarter. Wells Fargo & Company MN raised its position in Medallion Financial by 24.3% in the fourth quarter. Wells Fargo & Company MN now owns 11,554 shares of the credit services provider’s stock valued at $108,000 after purchasing an additional 2,256 shares during the last quarter. Geode Capital Management LLC raised its position in Medallion Financial by 0.5% in the fourth quarter. Geode Capital Management LLC now owns 419,217 shares of the credit services provider’s stock valued at $3,937,000 after purchasing an additional 2,261 shares during the last quarter. Finally, Bank of America Corp DE raised its position in Medallion Financial by 11.5% in the fourth quarter. Bank of America Corp DE now owns 29,644 shares of the credit services provider’s stock valued at $278,000 after purchasing an additional 3,057 shares during the last quarter. 40.56% of the stock is owned by institutional investors and hedge funds.

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.