Medallion Financial Corp. (NASDAQ:MFIN – Get Rating) – Equities researchers at Northland Capmk increased their Q2 2023 earnings per share (EPS) estimates for shares of Medallion Financial in a research note issued to investors on Tuesday, May 2nd. Northland Capmk analyst M. Grondahl now anticipates that the credit services provider will earn $0.31 per share for the quarter, up from their prior forecast of $0.28. The consensus estimate for Medallion Financial’s current full-year earnings is $1.15 per share.
Medallion Financial (NASDAQ:MFIN – Get Rating) last issued its quarterly earnings data on Wednesday, February 22nd. The credit services provider reported $0.57 EPS for the quarter, topping the consensus estimate of $0.30 by $0.27. The business had revenue of $44.46 million for the quarter, compared to the consensus estimate of $42.40 million. Medallion Financial had a return on equity of 12.05% and a net margin of 21.26%.
Medallion Financial Price Performance
Shares of NASDAQ MFIN opened at $5.77 on Thursday. The stock has a market capitalization of $134.56 million, a price-to-earnings ratio of 3.17 and a beta of 1.99. The business has a 50-day moving average of $7.29 and a 200-day moving average of $7.39. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.20 and a quick ratio of 1.20. Medallion Financial has a fifty-two week low of $5.42 and a fifty-two week high of $9.35.
Medallion Financial Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 31st. Stockholders of record on Monday, May 15th will be issued a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, May 12th. This represents a $0.32 annualized dividend and a dividend yield of 5.55%. Medallion Financial’s dividend payout ratio (DPR) is presently 17.58%.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of the stock. BNP Paribas Arbitrage SA grew its holdings in Medallion Financial by 1,917.1% during the 1st quarter. BNP Paribas Arbitrage SA now owns 3,066 shares of the credit services provider’s stock worth $26,000 after acquiring an additional 2,914 shares during the period. Ridgewood Investments LLC purchased a new stake in Medallion Financial in the 1st quarter valued at about $38,000. PDT Partners LLC purchased a new stake in Medallion Financial in the 1st quarter valued at about $89,000. Stokes Family Office LLC bought a new position in Medallion Financial during the third quarter valued at $90,000. Finally, American Century Companies Inc. bought a new stake in Medallion Financial in the 4th quarter valued at about $95,000. 26.93% of the stock is currently owned by institutional investors and hedge funds.
Medallion Financial Company Profile
Acts as Private Equity Fund
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