Headlines about Medallion Financial (NASDAQ:MFIN) have trended somewhat positive on Thursday, according to Accern Sentiment. The research firm identifies positive and negative media coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Medallion Financial earned a media sentiment score of 0.05 on Accern’s scale. Accern also assigned news headlines about the credit services provider an impact score of 45.9308714027504 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
These are some of the news headlines that may have impacted Accern’s analysis:
- Medallion Financial (MFIN) Rating Lowered to Sell at Zacks Investment Research (americanbankingnews.com)
- Medallion Financial Corp. (MFIN): Intraday Financial Mover: (stocksgeeks.com)
- On May, 8 The EPS for Medallion Financial Corp. (MFIN) Expected At $-0.01 (thefrugalforager.com)
- Blucora (BCOR) & Medallion Financial (MFIN) Financial Analysis (americanbankingnews.com)
MFIN traded down $0.05 during midday trading on Thursday, reaching $4.35. 10,325 shares of the company’s stock were exchanged, compared to its average volume of 136,180. The stock has a market cap of $103.14, a price-to-earnings ratio of 14.03 and a beta of 1.71. The company has a quick ratio of 38.01, a current ratio of 38.01 and a debt-to-equity ratio of 1.14. Medallion Financial has a one year low of $2.00 and a one year high of $5.56.
Medallion Financial (NASDAQ:MFIN) last announced its quarterly earnings results on Thursday, March 1st. The credit services provider reported ($0.12) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.10). The business had revenue of $2.62 million for the quarter, compared to the consensus estimate of $0.88 million. Medallion Financial had a negative return on equity of 2.50% and a net margin of 1.41%. equities research analysts expect that Medallion Financial will post 0.67 EPS for the current fiscal year.
Several equities research analysts recently weighed in on the stock. Zacks Investment Research cut shares of Medallion Financial from a “hold” rating to a “sell” rating in a research note on Wednesday. Sandler O’Neill set a $5.00 price target on shares of Medallion Financial and gave the stock a “hold” rating in a research note on Tuesday, April 10th. ValuEngine cut shares of Medallion Financial from a “hold” rating to a “sell” rating in a research note on Friday, April 6th. Finally, Northland Securities started coverage on shares of Medallion Financial in a research note on Thursday, February 15th. They set an “outperform” rating and a $10.00 price target for the company.
In other Medallion Financial news, insider Donald S. Poulton sold 7,500 shares of the firm’s stock in a transaction dated Thursday, March 15th. The shares were sold at an average price of $4.67, for a total transaction of $35,025.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 17.11% of the stock is owned by company insiders.
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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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