Medallion Financial Corp.

437 Madison Avenue
New York, New York 10022

BASIC INFORMATION

Contact: Dave Closs
Phone: (212) 328-2100
Fax: (212) 328-2121
Email: dave@zlokower.com
Website: medallionfinancial.com  
 
Stock Price Alert: $3.41 on 11/1/16
Symbol: MFIN 
Exchange: NasdaqGS 
Industry Sector: Financial Services
Employees: 200

COMPANY HISTORY

Medallion Financial is a growth orientated, specialty finance company with a leading position in the origination and servicing of loans financing the purchase of taxicab medallions and related assets. The Company also originates and services loans in other commercial industries, and its wholly-owned portofolio company, Medallion Bank, also originates and services consumer loans.

Medallion's predecessor company was started in 1937 and the Company and its subsidiaries have lent approximately $5 billion to the taxicab industry and other small businesses since its IPO in 1996. Medallion is organized as a Regulated Investment Company and, as such, is required to distribute at least 90% of its income to its shareholders. 

COMPANY BUSINESS SUMMARY

Medallion Financial Corp. is comprised of a unique combination of businesses. First and foremost, the Company holds a leading position in the origination and servicing of loans to finance the purchase of taxicab medallions. In New York City, the country's largest market, taxi medallions sell for more than $225,000 each and the value of all taxi medallions exceeds $3.0 Billion! Medallion has an estimated 25% market share of this market, and is rapidly expanding into other major metropolitan areas.

A second leading segment is the Company's commercial and consumer loan business that caters to small businesses in targeted industries. These markets include Asset Based loans extended by Medallion Business Credit, Mezzanine Lending and Sub-Debt loans extended by Medallion Capital, and Consumer Lending for recreational vehicles and boats extended by Medallion Bank. 

TOP OFFICERS

Name
Title
Fiscal Year Pay
Biography
Larry HallCFO $450,000View Biography
Mark AdelsonCOOView Biography
Andrew MursteinPresident$3,000,000View Biography
Alvin MursteinChairman, CEO$1,480,000View Biography

SHARE RELATED INFORMATION

52 Week High: $8.07 on 7/28/16 Total Shares Outstanding: 24,183,065
52 Week Low: $1.68 on 3/8/17 Public Float: 21,000,000
All time High: $29.87 on 3/31/98 Earnings Per Share:
All time Low: $1.68 on 3/8/17 Book Value: $11.91

View Historical Stock Prices & Volume for this company

FUNDAMENTAL INVESTMENT HIGHLIGHTS

  The stock is trading at a relative 52 week low

  The stock is trading well below it's current Book Value of $11.91

  The Company is currently paying a quarterly dividend/ distribution of 5 cents per share, which is a yield of over 7%

INSIDER ACTIVITY

Larry Hall (CFO) has purchased 2100 shares at $9.22 per share on 3/17/16. Alvin Murstein (CEO) has purchased 11,000 shares at an average price of $8.50 per share on 2/29/16 and on 3/15/16. Andrew Murstein (President) has purchased 10,000 shares at $8.62 per share on 3/11/16. Over the last 12 years, The Company has repurchased 2,600,000 shares at an average price of $8.97 per share.

FINANCIAL SNAPSHOT

All numbers in Thousands

Fiscal Yr
Ends 12/2016
Prior Fiscal Yr
Ends 12/2015
Recent Quarter
Ends 3/2017
Revenues  $25,000  $42,653  $4,250
Pre-Tax Earnings (Losses)  ($9,928)  $16,826  ($1,307)
Total Cash  $21,000  $30,912  $25,639
Total Assets  $689,377  $698,050  $676,659
Total Liabilities  $403,281  $410,962  $389,334
Shareholders Equity  $286,096  $278,088  $287,335

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