Medallion Financial Corp. (MFIN) Director Allan J. Tanenbaum Buys 5,000 Shares of Stock

Medallion Financial Corp. (NASDAQ:MFIN) Director Allan J. Tanenbaum acquired 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 15th. The shares were bought at an average price of $2.62 per share, with a total value of $13,100.00. Following the acquisition, the director now directly owns 5,000 shares in the company, valued at $13,100. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website.

Medallion Financial Corp. (NASDAQ:MFIN) traded up $0.08 during trading hours on Friday, hitting $2.68. 92,290 shares of the stock traded hands, compared to its average volume of 155,043. Medallion Financial Corp. has a twelve month low of $1.60 and a twelve month high of $4.14. The company has a debt-to-equity ratio of 1.16, a current ratio of 40.54 and a quick ratio of 40.54.

Medallion Financial Corp. (NASDAQ:MFIN) last posted its quarterly earnings results on Tuesday, November 7th. The credit services provider reported ($0.10) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.09). Medallion Financial Corp. 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.

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Several large investors have recently bought and sold shares of MFIN. Bank of New York Mellon Corp raised its holdings in shares of Medallion Financial Corp. by 1.2% in the 1st quarter. Bank of New York Mellon Corp now owns 77,306 shares of the credit services provider’s stock valued at $153,000 after purchasing an additional 906 shares in the last quarter. Teton Advisors Inc. raised its holdings in shares of Medallion Financial Corp. by 17.9% in the 2nd quarter. Teton Advisors Inc. now owns 165,000 shares of the credit services provider’s stock valued at $394,000 after purchasing an additional 25,000 shares in the last quarter. Gamco Investors INC. ET AL raised its holdings in shares of Medallion Financial Corp. by 22.8% in the 2nd quarter. Gamco Investors INC. ET AL now owns 205,000 shares of the credit services provider’s stock valued at $490,000 after purchasing an additional 38,000 shares in the last quarter. Finally, Stifel Financial Corp raised its holdings in shares of Medallion Financial Corp. by 20.8% in the 2nd quarter. Stifel Financial Corp now owns 283,333 shares of the credit services provider’s stock valued at $676,000 after purchasing an additional 48,783 shares in the last quarter. Institutional investors and hedge funds own 17.64% of the company’s stock.

Separately, ValuEngine upgraded shares of Medallion Financial Corp. from a “hold” rating to a “buy” rating in a report on Friday, September 1st.

About Medallion Financial Corp.

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.

Insider Buying and Selling by Quarter for Medallion Financial Corp. (NASDAQ:MFIN)

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