Andrew Murstein Acquires 5,000 Shares of Medallion Financial Corp (MFIN) Stock

Medallion Financial Corp (NASDAQ:MFIN) President Andrew Murstein purchased 5,000 shares of the firm’s stock in a transaction dated Thursday, March 16th. The stock was acquired at an average price of $2.13 per share, with a total value of $10,650.00. Following the purchase, the president now directly owns 237,335 shares of the company’s stock, valued at $505,523.55. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Medallion Financial Corp (NASDAQ:MFIN) traded up 6.64% on Monday, hitting $2.25. The stock had a trading volume of 457,114 shares. The company has a 50-day moving average price of $2.15 and a 200 day moving average price of $3.28. The firm has a market cap of $53.94 million, a PE ratio of 2.32 and a beta of 1.50. Medallion Financial Corp has a 52-week low of $1.60 and a 52-week high of $10.00.

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

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Hedge funds and other institutional investors have recently made changes to their positions in the company. Gabelli Funds LLC boosted its position in shares of Medallion Financial Corp by 3.3% in the fourth quarter. Gabelli Funds LLC now owns 62,000 shares of the company’s stock valued at $187,000 after buying an additional 1,976 shares during the period. Teton Advisors Inc. boosted its position in shares of Medallion Financial Corp by 10.0% in the fourth quarter. Teton Advisors Inc. now owns 110,000 shares of the company’s stock valued at $332,000 after buying an additional 10,000 shares during the period. Van ECK Associates Corp boosted its position in shares of Medallion Financial Corp by 21.0% in the fourth quarter. Van ECK Associates Corp now owns 116,101 shares of the company’s stock valued at $351,000 after buying an additional 20,164 shares during the period. Finally, Gamco Investors INC. ET AL boosted its position in shares of Medallion Financial Corp by 13.5% in the fourth quarter. Gamco Investors INC. ET AL now owns 133,378 shares of the company’s stock valued at $403,000 after buying an additional 15,878 shares during the period. 19.57% of the stock is currently owned by institutional investors.

Medallion Financial Corp Company Profile

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.

5 Day Chart for NASDAQ:MFIN

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