Medallion Financial (NASDAQ:MFIN) Upgraded at StockNews.com

StockNews.com upgraded shares of Medallion Financial (NASDAQ:MFIN) from a hold rating to a buy rating in a report published on Wednesday.

Medallion Financial Price Performance

Shares of MFIN stock opened at $8.81 on Wednesday. Medallion Financial has a 52-week low of $6.48 and a 52-week high of $10.50. The stock has a market cap of $203.25 million, a PE ratio of 5.21 and a beta of 2.07. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.18 and a current ratio of 1.18. The firm’s 50 day moving average price is $9.44 and its two-hundred day moving average price is $8.80.

Hedge Funds Weigh In On Medallion Financial

A number of hedge funds and other institutional investors have recently bought and sold shares of MFIN. Segall Bryant & Hamill LLC bought a new position in Medallion Financial in the third quarter valued at approximately $1,025,000. Connor Clark & Lunn Investment Management Ltd. boosted its stake in Medallion Financial by 32.2% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 213,477 shares of the credit services provider’s stock valued at $1,738,000 after acquiring an additional 51,941 shares during the last quarter. De Lisle Partners LLP boosted its stake in Medallion Financial by 26.5% in the third quarter. De Lisle Partners LLP now owns 103,545 shares of the credit services provider’s stock valued at $842,000 after acquiring an additional 21,700 shares during the last quarter. Ritholtz Wealth Management boosted its position in shares of Medallion Financial by 56.3% during the fourth quarter. Ritholtz Wealth Management now owns 57,584 shares of the credit services provider’s stock worth $541,000 after purchasing an additional 20,747 shares in the last quarter. Finally, PDT Partners LLC acquired a new position in shares of Medallion Financial in the 3rd quarter valued at $165,000. 40.56% of the stock is owned by institutional investors.

Medallion Financial Company Profile

Medallion Financial Corp., together with its subsidiaries, operates as a specialty finance company in the United States. It operates in four segments: Recreation Lending, Home Improvement Lending, Commercial Lending, and Taxi Medallion Lending. The company offers loans that finance consumer purchases of recreational vehicles, boats, and other consumer recreational equipment; consumer financing for window, siding, and roof replacement, swimming pool installations, and other home improvement projects; senior and subordinated loans for the purchase of equipment and related assets necessary to open a new business, or purchase or improvement of an existing business; and taxi medallion loans to individuals and small to mid-size businesses.