Last $10.45 USD
Change Today +0.03 / 0.29%
Volume 98.6K
TAXI On Other Exchanges
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As of 8:10 PM 03/3/15 All times are local (Market data is delayed by at least 15 minutes).

medallion financial corp (TAXI) Snapshot

Open
$10.40
Previous Close
$10.42
Day High
$10.51
Day Low
$10.29
52 Week High
03/4/14 - $14.71
52 Week Low
01/21/15 - $9.00
Market Cap
263.0M
Average Volume 10 Days
180.4K
EPS TTM
$0.83
Shares Outstanding
25.2M
EX-Date
03/13/15
P/E TM
12.6x
Dividend
$0.96
Dividend Yield
9.09%
Current Stock Chart for MEDALLION FINANCIAL CORP (TAXI)

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medallion financial corp (TAXI) Details

Medallion Financial Corp., through its subsidiaries, operates as a specialty finance company in the United States. The company is engaged in originating, acquiring, and servicing loans that finance taxicab medallions and various types of commercial businesses. It offers commercial loans to finance the purchase of the equipment and related assets necessary to open a new business, or the purchase or improvement of an existing business; asset-based loans to small businesses; and secured mezzanine loans to businesses in various industries, including manufacturing and various service providers. The company also raises deposits; originates consumer loans for the purchase of recreational vehicles, boats, motorcycles, and trailers, as well as finances small scale home improvements; and conducts other banking activities. In addition, it provides other debt, mezzanine, and equity investment capital to companies in various industries. The company was founded in 1995 and is headquartered in New York, New York.

medallion financial corp (TAXI) Top Compensated Officers

Chairman, Chief Executive Officer, Member of ...
Total Annual Compensation: $1.3M
President, Director and Member of Executive C...
Total Annual Compensation: $2.4M
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $406.7K
Chief Executive Officer of Medallion Bank and...
Total Annual Compensation: $480.0K
Executive Vice President and President of Med...
Total Annual Compensation: $467.7K
Compensation as of Fiscal Year 2013.

medallion financial corp (TAXI) Key Developments

Medallion Financial Corp. Announces Resignation of Brian S. O’Leary as Executive Vice President and Chief Operating Officer, Effective from March 31, 2015

Brian S. O’Leary tendered his resignation as Executive Vice President and Chief Operating Officer of Medallion Financial Corp., effective on or prior to March 31, 2015. Mr. O’Leary’s credit responsibilities will be assumed on an interim basis by Marc Adelson, President of the Company’s Medallion Business Credit division, and Mr. O’Leary’s operating responsibilities will be allocated on an interim basis between Mr. Adelson and Andrew M. Murstein, President of the company.

Medallion Financial Corp. Reports Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2014; Announces Distribution for the Fourth Quarter Ended December 31, 2014, Payable on March 24, 2015

Medallion Financial Corp. reported consolidated earnings results for the fourth quarter and year ended December 31, 2014. For the quarter, the company reported earnings, or net increase in net assets resulting from operations was $8,128,000 or $0.33 per diluted common share in the 2014 fourth quarter, up $1,470,000 or 22% from $6,658,000 or $0.29 per share in the 2013 fourth quarter. Net income was $7,606,000 in the 2014 fourth quarter, compared to $4,413,000 in the 2013 period, an increase of $3,193,000 or 72%. For the year, the company’s total investment income was $41,068,000 against $34,929,000 a year ago. Net interest income was $32,525,000 against $26,568,000 a year ago. Net investment income before income taxes was $15,145,000 against $12,189,000 a year ago. Net investment income after income taxes was $15,145,000 or $0.60 per diluted share against $12,189,000 or $0.55 per diluted share a year ago. Net increase in net assets resulting from operations was a record $28,692,000 or $1.14 per diluted share compared to $25,776,000 or $1.16 per diluted share in 2013. The Company’s book value per share, or net asset value, increased 2% from $10.95 a year ago to $11.16 at December 31, 2014. The company announced a distribution of $0.24 per share for the 2014 fourth quarter, up from $0.23 per share a year ago. The current distribution will be paid on March 24, 2015 to shareholders of record on March 17, 2015.

Medallion Financial Corp. Announces the Demise of Board Member Governor Mario M. Cuomo

Medallion Financial Corp. announced that board member Governor Mario M. Cuomo has passed away on January 1, 2015 at the age of 82. Governor Cuomo joined Medallion Financial’s board of directors in 1996.

 

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Industry Analysis

TAXI

Industry Average

Valuation TAXI Industry Range
Price/Earnings 9.1x
Price/Sales 6.3x
Price/Book 0.9x
Price/Cash Flow 8.9x
TEV/Sales NM Not Meaningful
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