Medallion Financial (MFIN) Trading Up -3.5%

Shares of Medallion Financial Corp (NASDAQ:MFIN) were up 3.5% on Friday . The company traded as high as $5.48 and last traded at $5.19. Approximately 351,108 shares traded hands during mid-day trading, a decline of 25% from the average daily volume of 465,788 shares. The stock had previously closed at $5.38.

The company has a current ratio of 40.54, a quick ratio of 40.54 and a debt-to-equity ratio of 1.16. The stock has a market capitalization of $130.60, a P/E ratio of 31.65 and a beta of 1.81.

Medallion Financial (NASDAQ:MFIN) last posted its quarterly earnings results on Tuesday, November 7th. The credit services provider reported ($0.10) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.01) by ($0.09). Medallion Financial had a net margin of 21.17% and a negative return on equity of 0.75%. The business had revenue of $2.02 million during the quarter.

A hedge fund recently raised its stake in Medallion Financial stock. Stifel Financial Corp lifted its position in shares of Medallion Financial Corp (NASDAQ:MFIN) by 20.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 283,333 shares of the credit services provider’s stock after purchasing an additional 48,783 shares during the period. Stifel Financial Corp owned about 1.17% of Medallion Financial worth $676,000 at the end of the most recent reporting period. Institutional investors own 17.19% of the company’s stock.

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About Medallion Financial

Medallion Financial Corp. is a closed-end, non-diversified management investment company. The Company is a specialty finance company, which is engaged in originating, acquiring and servicing loans that finance taxicab medallions and various types of commercial businesses. The Company operates in lending and investing operations segment.

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