Medallion Financial (MFIN) set to report results on Wednesday

Medallion Financial (NASDAQ:MFIN – Get a rating) will release earnings data after market close on Wednesday, July 27. Analysts expect Medallion Financial to post earnings of $0.31 per share for the quarter.

Medallion Financial (NASDAQ:MFIN – Get a rating) last released its results on Monday, May 2. The credit service provider reported earnings per share of $0.39 for the quarter, beating the consensus estimate of $0.31 by $0.08. Medallion Financial had a net margin of 28.27% and a return on equity of 16.10%. The company posted revenue of $37.46 million in the quarter, compared to $35.96 million expected by analysts. On average, analysts expect Medallion Financial to post EPS of $1 for the current fiscal year and EPS of $2 for the next fiscal year.

Medallion Financial Stock Performance

NASDAQ:MFIN opened at $5.70 on Friday. Medallion Financial has a 1 year minimum of $3.50 and a 1 year maximum of $10.05. The company has a 50-day moving average of $6.87 and a 200-day moving average of $7.51. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt ratio of 0.61. The stock has a market capitalization of $145.41 million, a P/E ratio of 2.57 and a beta of 2.34.

Medallion Financial Dividend Announcement

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The company also recently announced a quarterly dividend, which was paid on Tuesday, May 31. Shareholders of record on Monday, May 16 received a dividend of $0.08 per share. This represents a dividend of $0.32 on an annualized basis and a yield of 5.61%. The ex-dividend date was Friday, May 13. Medallion Financial’s dividend payout ratio is currently 14.41%.

Institutional entries and exits

A number of institutional investors and hedge funds have recently changed their positions in MFIN. BNP Paribas Arbitrage SA increased its position in Medallion Financial shares by 1,917.1% during the first quarter. BNP Paribas Arbitrage SA now owns 3,066 shares of the credit services provider worth $26,000 after buying 2,914 additional shares last quarter. PDT Partners LLC acquired a new equity position in Medallion Financial during Q1 worth approximately $89,000. Goldman Sachs Group Inc. acquired a new position in shares of Medallion Financial during Q1 worth approximately $109,000. Jane Street Group LLC acquired a new equity position in Medallion Financial during Q1 worth approximately $166,000. Finally, Dynamic Technology Lab Private Ltd acquired a new equity position in Medallion Financial during Q1 worth approximately $171,000. Institutional investors and hedge funds hold 27.89% of the company’s shares.

Wall Street analysts predict growth

Several equity research analysts commented on the stock. B. Riley cut his price target on Medallion Financial shares from $12.00 to $9.00 in a Monday, July 11 research report. StockNews.com upgraded shares of Medallion Financial from a “hold” rating to a “buy” rating in a research note on Wednesday.

Medallion Financial Company Profile

(Get a rating)

Medallion Financial Corp., together with its subsidiaries, operates as a financial company in the United States. The Company operates through four segments: Leisure Loans, Home Improvement Loans, Commercial Loans and Medallion Loans. It offers loans that finance consumer purchases of recreational vehicles, boats and trailers; consumer home improvement; commercial enterprises; and taxi medallions to individuals and small and medium enterprises.

See also

Earnings History for Medallion Financial (NASDAQ:MFIN)

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