News stories about Medallion Financial Corp. (NASDAQ:MFIN) have been trending somewhat positive this week, Accern Sentiment reports. The research firm identifies negative and positive news coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Medallion Financial Corp. earned a media sentiment score of 0.06 on Accern’s scale. Accern also assigned news stories about the credit services provider an impact score of 46.7393460509245 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Shares of Medallion Financial Corp. (NASDAQ:MFIN) traded up 1.64% on Friday, hitting $2.48. 71,751 shares of the stock traded hands. The stock has a market cap of $59.35 million, a PE ratio of 7.07 and a beta of 1.68. The stock has a 50 day moving average of $2.39 and a 200-day moving average of $2.26. Medallion Financial Corp. has a 1-year low of $1.60 and a 1-year high of $5.15.
Medallion Financial Corp. (NASDAQ:MFIN) last posted its quarterly earnings data on Wednesday, August 9th. The credit services provider reported ($0.05) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by $0.06. The firm had revenue of $0.38 million for the quarter. Medallion Financial Corp. had a net margin of 45.11% and a negative return on equity of 0.79%. On average, equities research analysts expect that Medallion Financial Corp. will post $0.22 EPS for the current year.
Separately, ValuEngine lowered shares of Medallion Financial Corp. from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd.
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In related news, Director David L. Rudnick purchased 13,049 shares of Medallion Financial Corp. stock in a transaction on Friday, June 9th. The stock was acquired at an average price of $2.50 per share, for a total transaction of $32,622.50. Following the completion of the transaction, the director now directly owns 8,424 shares in the company, valued at approximately $21,060. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Alvin Murstein acquired 27,500 shares of the company’s stock in a transaction dated Wednesday, May 24th. The stock was acquired at an average cost of $23,925.00 per share, with a total value of $657,937,500.00. Following the purchase, the chief executive officer now owns 127,618 shares of the company’s stock, valued at $3,053,260,650. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 129,500 shares of company stock valued at $658,190,893. Company insiders own 15.13% of the company’s stock.
Medallion Financial Corp. Company Profile
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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