Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Medallion Financial (MFIN) Share Price

Press coverage about Medallion Financial (NASDAQ:MFIN) has trended somewhat positive on Sunday, according to Accern Sentiment Analysis. Accern ranks the sentiment of press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Medallion Financial earned a daily sentiment score of 0.14 on Accern’s scale. Accern also gave media coverage about the credit services provider an impact score of 46.8963368995625 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

These are some of the news headlines that may have effected Accern Sentiment Analysis’s rankings:

Shares of Medallion Financial traded up $0.07, reaching $6.29, during trading hours on Friday, according to 366,197 shares of the stock traded hands, compared to its average volume of 61,569. The company has a debt-to-equity ratio of 1.18, a current ratio of 36.91 and a quick ratio of 36.91. Medallion Financial has a 52 week low of $2.08 and a 52 week high of $6.34. The firm has a market capitalization of $152.01 million, a P/E ratio of 20.29 and a beta of 1.67.

Medallion Financial (NASDAQ:MFIN) last released its quarterly earnings results on Tuesday, May 15th. The credit services provider reported ($0.62) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.61). The firm had revenue of $0.54 million for the quarter, compared to the consensus estimate of $4.21 million. Medallion Financial had a negative net margin of 80.33% and a negative return on equity of 3.52%. equities research analysts expect that Medallion Financial will post -0.48 earnings per share for the current year.

A number of research analysts have weighed in on MFIN shares. Zacks Investment Research lowered shares of Medallion Financial from a “hold” rating to a “sell” rating in a research note on Wednesday, April 18th. ValuEngine lowered shares of Medallion Financial from a “buy” rating to a “hold” rating in a research report on Thursday, May 31st.

In related news, Director Allan J. Tanenbaum acquired 10,000 shares of the stock in a transaction on Thursday, June 14th. The shares were acquired at an average price of $5.55 per share, with a total value of $55,500.00. Following the completion of the transaction, the director now owns 34,566 shares in the company, valued at approximately $191,841.30. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 16.70% of the company’s stock.

Medallion Financial Company Profile

Medallion Financial Corp., through with its subsidiaries, operates as a specialty finance company in the United States. It originates, acquires, and services loans that finance taxicab medallions and various types of commercial businesses. The company offers consumer loans for the purchase of recreational vehicles, boats, motorcycles, and trailers, as well as to finance small scale home improvements; and commercial loans for the purchase of equipment and related assets necessary to open a new business, or purchase or improvement of an existing business.

See Also: Price to Earnings Ratio (PE), For Valuing Stocks

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

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