medallion financial is a publicly traded (nasdaq symbol: taxi) specialty finance company with a leading position in financing taxi medallions and other targeted industries. the company also operates the largest taxitop advertising company in the united states.
Company profile
Ticker
MFIN
Exchange
Website
CEO
Alvin Murstein
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
Medallion Funding LLC • Medallion Capital, Inc. • Freshstart Venture Capital Corp. ...
IRS number
43291176
MFIN stock data
Latest filings (excl ownership)
DFAN14A
Additional proxy materials by non-management
24 Apr 24
PREC14A
Preliminary proxy with contested solicitation
18 Apr 24
DFAN14A
Additional proxy materials by non-management
12 Apr 24
DFAN14A
Additional proxy materials by non-management
11 Apr 24
PREC14A
Preliminary proxy with contested solicitation
10 Apr 24
8-K
Changes in Registrant's Certifying Accountant
10 Apr 24
10-K
2023 FY
Annual report
7 Mar 24
8-K
Entry into a Material Definitive Agreement
29 Feb 24
8-K
Medallion Financial Corp. Reports 2023 Fourth Quarter
20 Feb 24
8-K
Medallion Bank Reports 2023 Fourth Quarter and Full-year Results and Declares Series F Preferred Stock Dividend
30 Jan 24
Transcripts
MFIN
Earnings call transcript
2023 Q3
31 Oct 23
MFIN
Earnings call transcript
2023 Q2
25 Jul 23
MFIN
Earnings call transcript
2023 Q1
2 May 23
MFIN
Earnings call transcript
2022 Q4
23 Feb 23
MFIN
Earnings call transcript
2022 Q3
28 Oct 22
MFIN
Earnings call transcript
2022 Q2
31 Jul 22
MFIN
Earnings call transcript
2022 Q1
3 May 22
MFIN
Earnings call transcript
2021 Q4
24 Feb 22
MFIN
Earnings call transcript
2021 Q3
2 Nov 21
MFIN
Earnings call transcript
2021 Q2
3 Aug 21
Latest ownership filings
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 37.47 mm | 37.47 mm | 37.47 mm | 37.47 mm | 37.47 mm | 37.47 mm |
Cash burn (monthly) | 14.93 mm | (no burn) | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | 102.18 mm | n/a | n/a | n/a | n/a | n/a |
Cash remaining | -64.71 mm | n/a | n/a | n/a | n/a | n/a |
Runway (months of cash) | -4.3 | n/a | n/a | n/a | n/a | n/a |
Institutional ownership, Q3 2023
31.2% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 73 |
Opened positions | 17 |
Closed positions | 6 |
Increased positions | 20 |
Reduced positions | 15 |
13F shares | Current |
---|---|
Total value | 27.16 bn |
Total shares | 7.32 mm |
Total puts | 732.20 k |
Total calls | 183.40 k |
Total put/call ratio | 4.0 |
Largest owners | Shares | Value |
---|---|---|
Orr Ken | 1.33 mm | $10.48 mm |
KORR Value | 1.12 mm | $0.00 |
Vanguard | 978.57 k | $6.87 bn |
Tieton Capital Management | 824.90 k | $5.79 mm |
SF Stifel Financial | 268.09 k | $1.88 bn |
Millennium Management | 196.95 k | $1.38 bn |
Geode Capital Management | 173.09 k | $1.22 bn |
Gamco Investors | 165.00 k | $1.16 bn |
Bridgeway Capital Management | 154.97 k | $1.09 bn |
Two Sigma Investments | 120.65 k | $846.97 mm |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
4 Mar 24 | Marisa T. Silverman | Common Stock | Payment of exercise | Dispose F | No | No | 8.18 | 713 | 5.83 k | 75,174 |
4 Mar 24 | Thomas J. Munson | Common Stock | Payment of exercise | Dispose F | No | No | 8.18 | 501 | 4.10 k | 49,382 |
4 Mar 24 | Donald S. Poulton | Common Stock | Payment of exercise | Dispose F | No | No | 8.18 | 2,228 | 18.23 k | 202,106 |
1 Mar 24 | Marisa T. Silverman | Common Stock | Payment of exercise | Dispose F | No | No | 7.98 | 7,084 | 56.53 k | 75,887 |
1 Mar 24 | Thomas J. Munson | Common Stock | Payment of exercise | Dispose F | No | No | 7.98 | 3,879 | 30.95 k | 49,883 |
1 Mar 24 | David Justin Haley | Common Stock | Option exercise | Acquire M | No | No | 6.55 | 1,000 | 6.55 k | 76,562 |
1 Mar 24 | David Justin Haley | Common Stock Common Stock | Option exercise | Dispose M | No | No | 6.55 | 1,000 | 6.55 k | 36,277 |
1 Mar 24 | Donald S. Poulton | Common Stock | Payment of exercise | Dispose F | No | No | 7.98 | 11,884 | 94.83 k | 204,334 |
1 Mar 24 | Anthony N. Cutrone | Common Stock | Payment of exercise | Dispose F | No | No | 7.98 | 9,368 | 74.76 k | 68,976 |
Press releases
Medallion Financial Corp. to Report 2024 First Quarter Results on Tuesday, April 30, 2024
23 Apr 24
ZimCal Asset Management, LLC and Its Affiliates Nominate Two Highly Qualified, Independent Candidates to the Board of Medallion Financial Corp.
12 Apr 24
Medallion Bank Announces Fintech Strategic Partnership With TriBeam Financial
11 Apr 24
Medallion Financial Corp. Reports 2023 Fourth Quarter and Full-Year Results
20 Feb 24
Medallion Financial Corp. to Report 2023 Fourth Quarter and Full-Year Results on Tuesday, February 20, 2024
7 Feb 24