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Microcap HeadlinesThe best kept secrets on Wall Street
Medallion Financial Corp.
437 Madison Avenue
New York, New York 10022
BASIC INFORMATION
COMPANY HISTORY
Medallion Financial is a growth orientated, specialty finance company with at one time held a leading position in the origination and servicing of loans financing the purchase of taxicab medallions and related assets, but has since downsized. The Company primarily 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 was organized as a Regulated Investment Company and, as such, was 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. At one time, the Company held 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 had an estimated 25% market share of this market, and is rapidly expanding into other major metropolitan areas.
The first 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 Hall | CFO | $450,000 | View Biography |
| Mark Adelson | COO | View Biography | |
| Andrew Murstein | President | $3,000,000 | View Biography |
| Alvin Murstein | Chairman, CEO | $1,480,000 | View Biography |
COMPANY NEWS
SHARE RELATED INFORMATION
| 52 Week High: | $7.72 on 5/13/19 | Total Shares Outstanding: | 24,438,683 |
| 52 Week Low: | $4.29 on 12/17/18 | 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: | $10.35 |
View Historical Stock Prices & Volume for this company
FUNDAMENTAL INVESTMENT HIGHLIGHTS
The stock is trading at a relative 52 week low as of 11/1/17
The stock is trading below it's current Book Value of $10.60
The Company is currently paying a quarterly dividend/ distribution of 5 cents per share, which is a yield of approximately 4%
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 12/2018 |
Prior Fiscal Yr
Ends 12/2017 |
Recent Quarter
Ends 3/2019 |
| Revenues | $100,836 | $19,624 | $36,043 |
| Pre-Tax Earnings (Losses) | ($10,722) | ($7,849) | $1,139 |
| Total Cash | $23,842 | $21,000 | $53,505 |
| Total Assets | $1,382,846 | $635,522 | $1,428,728 |
| Total Liabilities | $1,091,642 | $348,363 | $1,136,887 |
| Shareholders Equity | $262,608 | $287,159 | $264,670 |
View all Filings for this company