David L. Rudnick Purchases 60,000 Shares of Medallion Financial Corp (MFIN) Stock

Medallion Financial Corp (NASDAQ:MFIN) Director David L. Rudnick acquired 60,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 6th. The shares were bought at an average price of $2.48 per share, with a total value of $148,800.00. Following the acquisition, the director now directly owns 8,424 shares in the company, valued at $20,891.52. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website.

Medallion Financial Corp (MFIN) traded up 1.20% during trading on Friday, reaching $2.53. 72,708 shares of the company’s stock were exchanged. The firm has a market capitalization of $60.53 million, a price-to-earnings ratio of 3.42 and a beta of 1.50. The stock has a 50-day moving average price of $2.34 and a 200 day moving average price of $2.55. Medallion Financial Corp has a 52 week low of $1.60 and a 52 week high of $8.20.

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

COPYRIGHT VIOLATION NOTICE: “David L. Rudnick Purchases 60,000 Shares of Medallion Financial Corp (MFIN) Stock” was first published by Mideast Time and is owned by of Mideast Time. If you are reading this piece of content on another publication, it was illegally copied and reposted in violation of U.S. and international copyright & trademark laws. The legal version of this piece of content can be accessed at https://www.mideasttime.com/david-l-rudnick-purchases-60000-shares-of-medallion-financial-corp-mfin-stock/1766902.html.

Large investors have recently bought and sold shares of the company. Morgan Stanley increased its stake in Medallion Financial Corp by 10.2% in the first quarter. Morgan Stanley now owns 309,332 shares of the credit services provider’s stock worth $612,000 after buying an additional 28,542 shares during the period. Stifel Financial Corp increased its stake in Medallion Financial Corp by 26.0% in the first quarter. Stifel Financial Corp now owns 234,550 shares of the credit services provider’s stock worth $458,000 after buying an additional 48,471 shares during the period. Gamco Investors INC. ET AL increased its stake in Medallion Financial Corp by 25.2% in the first quarter. Gamco Investors INC. ET AL now owns 167,000 shares of the credit services provider’s stock worth $331,000 after buying an additional 33,622 shares during the period. Teton Advisors Inc. increased its stake in Medallion Financial Corp by 27.3% in the first quarter. Teton Advisors Inc. now owns 140,000 shares of the credit services provider’s stock worth $277,000 after buying an additional 30,000 shares during the period. Finally, Corsair Capital Management L.P. purchased a new stake in Medallion Financial Corp during the first quarter worth $273,000. 19.57% of the stock is owned by institutional investors.

Separately, ValuEngine downgraded shares of Medallion Financial Corp from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:MFIN”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

Receive News & Ratings for Medallion Financial Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Medallion Financial Corp and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply

 
© 2006-2017 Mideast Time.