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MFIN Buyback image

Medallion Financial Corp. Buyback

OLI recorded this information on 5/2/2022

Company: Medallion Financial Corp.
Buyback: MFIN buyback
$Amount Authorized: $35,000,000
Buyback Details: Medallion Financial Corp. (NASDAQ: MFIN, "Medallion Financial" or the "Company"), a finance company that originates and services loans in various consumer and commercial industries, along with offering loan origination services to fintech strategic partners, today announced the Board has authorized a new stock repurchase program of $35 million. In conjunction with this authorization, Medallion Financial terminated its existing stock repurchase program. The Board has also announced that it will add two new independent directors to its Board of Directors and has created a Lead Independent Director position on the Board.

Medallion Financial is a financial institution holding company. Through its subsidiaries, Co. provides loans to individuals and small to mid-size businesses under four operating segments: Recreation Lending, which focuses on originating prime and non-prime recreation loans; Home Improvement Lending, which provides customer financing for window, siding, and roof replacement, swimming pool, and other home improvement projects; Commercial Lending, which originates both senior and subordinated loans; and Medallion Lending, which includes medallion loans markets in New York City, Newark, Chicago and other market in cities across the U.S., specifically Boston and Cambridge.

Preferred: MBNKP


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MFIN — Key Stats (updated 5 hours, 36 minutes ago)
Company Name:  Medallion Financial Corp
Stock buyback:  MFIN buyback
Website:  www.medallion.com
Sector:  Credit Services & Lending
Number of ETFs Holding MFIN:  4
Total Market Value Held by ETFs:  $7.99M
Total Market Capitalization:  $183.00M
% of Market Cap. Held by ETFs:  4.37%
 

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April 18, 2024  •  4:11 PM Eastern
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Avg. Broker Rec.

Buy (2.67 out of 4)
100th percentile
(ranked higher than approx. 100% of all stocks covered)

Analysts' Target Price:
MFIN Stock Forecast

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