A Director at Medallion Financial (MFIN) is Buying Shares

Today, a Director at Medallion Financial (MFIN), David Rudnick, bought shares of MFIN for $23.75K.

Following David Rudnick’s last MFIN Buy transaction on September 14, 2017, the stock climbed by 2.5%. In addition to David Rudnick, 3 other MFIN executives reported Buy trades in the last month.

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Currently, Medallion Financial has an average volume of 183.9K.

Based on 3 analyst ratings, the analyst consensus is Strong Buy with an average price target of $10.67, reflecting a 126.5% upside. Starting in February 2019, MFIN received 12 Buy ratings in a row. Three different firms, including B.Riley FBR and BTIG, currently also have a Buy rating on the stock.

The insider sentiment on Medallion Financial has been negative according to 14 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

David Rudnick’s trades have generated a 105.2% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.

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Medallion Financial Corp. is a closed-end, non-diversified management company which engages in lending and investing operations. It focuses on consumer finance portfolio including medallion, secured commercial, and consumer loans, and invests in both marketable and nonmarketable securities.

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