Shares of Medallion Financial Corp. (NASDAQ:MFIN) opened at 1.96 on Monday. The company’s 50 day moving average price is $2.76 and its 200-day moving average price is $3.96. The firm has a market cap of $47.14 million, a price-to-earnings ratio of 2.04 and a beta of 1.50. Medallion Financial Corp. has a 1-year low of $1.60 and a 1-year high of $10.00.
Medallion Financial Corp. (NASDAQ:MFIN) is scheduled to announce its earnings results before the market opens on Wednesday, February 15th.
In other Medallion Financial Corp. news, CFO Larry D. Hall sold 10,992 shares of the company’s stock in a transaction that occurred on Thursday, December 15th. The stock was sold at an average price of $3.58, for a total value of $39,351.36. Following the completion of the transaction, the chief financial officer now owns 21,522 shares of the company’s stock, valued at approximately $77,048.76. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Alvin Murstein purchased 100,000 shares of the business’s stock in a transaction on Friday, December 9th. The stock was purchased at an average cost of $3.64 per share, with a total value of $364,000.00. The disclosure for this purchase can be found here. 15.13% of the stock is currently owned by insiders.
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.