Medallion Financial Corp. (MFIN) Reaches $5.72 52-Week High; Perritt Capital Management Has Decreased Layne Christensen Co (LAYN) Stake

June 13, 2018 - By Peter Hammer

Medallion Financial Corp. (NASDAQ:MFIN) Logo

The stock of Medallion Financial Corp. (NASDAQ:MFIN) hit a new 52-week high and has $5.89 target or 3.00% above today’s $5.72 share price. The 8 months bullish chart indicates low risk for the $139.79M company. The 1-year high was reported on Jun, 13 by Barchart.com. If the $5.89 price target is reached, the company will be worth $4.19M more. The stock decreased 0.87% or $0.05 during the last trading session, reaching $5.72. About 5,374 shares traded. Medallion Financial Corp. (NASDAQ:MFIN) has risen 95.31% since June 13, 2017 and is uptrending. It has outperformed by 82.74% the S&P500. Some Historical MFIN News: ; 09/03/2018 – Medallion Conference Call Scheduled By Northland for Mar. 14; 08/03/2018 – Medallion Financial To Withdraw the Company’s Election to Be Regulated as a Business Development Co; 02/04/2018 – Medallion Fincl Corp. Completes de-BDC Process and Will Operate Going Forward as a Non-Investment Co; 08/03/2018 Medallion Financial Corp. Announces Shareholders Overwhelmingly Approve Proposal to de-BDC; 02/04/2018 – MEDALLION FINANCIAL CORP – FILED CO’S WITHDRAWAL FORM OF BDC ELECTION WITH SEC & GOING FORWARD WILL OPERATE AS A NON-INVESTMENT CO; 09/03/2018 – MEDALLION FINANCIAL SAYS SHAREHOLDERS APPROVED PROPOSAL TO WITHDRAW CO’S ELECTION TO BE REGULATED AS A BUSINESS DEVELOPMENT CO – SEC FILING; 18/04/2018 – Medallion at Non-Deal Roadshow Hosted By Northland Today; 14/03/2018 – Medallion Fincl Corp. Announces Renewal of DZ Bank Credit Facility; 08/03/2018 – Medallion Fincl Corp. Announces Hldrs Overwhelmingly Approve Proposal to De-BDC; 14/05/2018 – MEDALLION FINANCIAL CORP QTRLY NET INVESTMENT LOSS AFTER INCOME TAXES PER COMMON SHARE $0.13

Perritt Capital Management Inc decreased Layne Christensen Co (LAYN) stake by 51.22% reported in 2018Q1 SEC filing. Perritt Capital Management Inc sold 42,000 shares as Layne Christensen Co (LAYN)’s stock declined 6.42%. The Perritt Capital Management Inc holds 40,000 shares with $613,000 value, down from 82,000 last quarter. Layne Christensen Co now has $313.63M valuation. The stock increased 0.10% or $0.015 during the last trading session, reaching $15.635. About 31,902 shares traded. Layne Christensen Company (NASDAQ:LAYN) has risen 100.26% since June 13, 2017 and is uptrending. It has outperformed by 87.69% the S&P500. Some Historical LAYN News: ; 20/03/2018 – CETUS CAPITAL lll LP SAYS BELIEVES PROPOSED TRANSACTION WITH GRANITE CONSTRUCTION UNDERVALUES LAYNE CHRISTENSEN; 23/03/2018 – LAYNE CHRISTENSEN IN $71M NOTE PURCHASE AGREEMENT W TWO FUNDS; 26/03/2018 – LAYNE CHRISTENSEN RECOMMENDS HLDRS REVIEW PROXY TO BE FILED; 10/04/2018 – Layne Christensen 4Q Rev $110.4M; 22/05/2018 – CORRECT: LAYNE CHRISTENSEN HOLDER CETUS 9.9% STAKE UNCHANGED; 10/04/2018 – LAYNE CHRISTENSEN CO LAYN.O – BACKLOG WAS $47.9 MLN AT JANUARY 31, 2018 COMPARED TO $63.4 MLN AT OCTOBER 31, 2017 AND $49.2 MLN AT JANUARY 31, 2017; 10/05/2018 – Linden Capital Says Layne Christensen Response to Cetus Capital Wasn’t Persuasive; 13/03/2018 FTC: 20180853: Granite Construction Incorporated; Layne Christensen Company; 15/05/2018 – Layne Christensen Announces Date Of Special Meeting For Stockholders To Approve Merger With Granite Construction; 10/05/2018 – Layne Christensen Shareholder Linden Capital Says Price in February Deal for Sale to Granite Is Too Low

Analysts await Medallion Financial Corp. (NASDAQ:MFIN) to report earnings on August, 8. They expect $-0.12 earnings per share, down 140.00% or $0.07 from last year’s $-0.05 per share. After $-0.13 actual earnings per share reported by Medallion Financial Corp. for the previous quarter, Wall Street now forecasts -7.69% EPS growth.

Medallion Financial Corp., through with its subsidiaries, operates as a specialty finance firm in the United States. The company has market cap of $139.79 million. It originates, acquires, and services loans that finance taxicab medallions and various types of commercial businesses. It has a 572 P/E ratio. The firm offers consumer loans for the purchase of recreational vehicles, boats, motorcycles, and trailers, as well as to finance small scale home improvements; and commercial loans for the purchase of equipment and related assets necessary to open a new business, or purchase or improvement of an existing business.

Another recent and important Medallion Financial Corp. (NASDAQ:MFIN) news was published by Seekingalpha.com which published an article titled: “Medallion Financial (MFIN) Q1 2018 Results – Earnings Call Transcript” on May 15, 2018.

More notable recent Layne Christensen Company (NASDAQ:LAYN) news were published by: Streetinsider.com which released: “Layne Christensen (LAYN) Shareholders Ok Granite Construction Takeover” on June 13, 2018, also Seekingalpha.com with their article: “Layne Christensen Company (LAYN) CEO Mike Caliel on Q1 2019 Results – Earnings Call Transcript” published on June 06, 2018, Streetinsider.com published: “After-Hours Movers 6/5: (VBLT) (NCS) (LAYN) Higher; (AMBA) (OLLI) (IMGN) Lower (more…)” on June 05, 2018. More interesting news about Layne Christensen Company (NASDAQ:LAYN) were released by: Nasdaq.com and their article: “Consolidated Research: 2018 Summary Expectations for Verint, Mesabi Trust, Clearwater Paper, Agile Therapeutics …” published on May 18, 2018 as well as Streetinsider.com‘s news article titled: “Layne Christensen (LAYN) Says ISS Recommends Stockholders Vote for Proposed Merger with Granite” with publication date: June 01, 2018.

Investors sentiment increased to 1.13 in Q1 2018. Its up 0.27, from 0.86 in 2017Q4. It is positive, as 18 investors sold LAYN shares while 22 reduced holdings. 23 funds opened positions while 22 raised stakes. 19.20 million shares or 4.04% more from 18.46 million shares in 2017Q4 were reported. Rhumbline Advisers stated it has 0% in Layne Christensen Company (NASDAQ:LAYN). Metropolitan Life Insurance Ny holds 6,250 shares or 0% of its portfolio. Rutabaga Capital Mngmt Lc Ma has 990,424 shares. Jpmorgan Chase And has invested 0% in Layne Christensen Company (NASDAQ:LAYN). Magnetar Fin Ltd Co holds 883,222 shares or 0.33% of its portfolio. Legal & General Grp Inc Pcl invested 0% of its portfolio in Layne Christensen Company (NASDAQ:LAYN). Morgan Stanley has 130,895 shares. 907,616 are owned by Dimensional Fund Lp. Gamco Et Al stated it has 0.11% of its portfolio in Layne Christensen Company (NASDAQ:LAYN). Green Square Capital Limited Liability Company stated it has 0.21% in Layne Christensen Company (NASDAQ:LAYN). Nokomis Cap Limited Liability Corp invested 2.17% in Layne Christensen Company (NASDAQ:LAYN). Art Advsr Ltd Co stated it has 26,239 shares. Manufacturers Life Insurance Communications The holds 0% of its portfolio in Layne Christensen Company (NASDAQ:LAYN) for 14,708 shares. Royal National Bank Of Canada holds 5,808 shares or 0% of its portfolio. Deutsche Fincl Bank Ag stated it has 0% of its portfolio in Layne Christensen Company (NASDAQ:LAYN).

Medallion Financial Corp. (NASDAQ:MFIN) Institutional Positions Chart

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