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Medallion Financial Corp. (NASDAQ: TAXI), Niche Financing Company With An Attractive Dividend Yield

Wed, 01 Apr 2009 13:26:57 GMT

Midday P&L Statement: Medifast Revenues up 26%; Medallion Financial Q4 Income Up 76%; Gramercy Capital Revenues Up $287 million; Raven Industries Sales Up 20%; NxStage Reports Record Revenue; Caliper Life Sciences Reports Loss

Thu, 12 Mar 2009 17:55:00 GMT

Midday P&L Statement: Medifast Revenues up 26%; Medallion Financial Q4 Income Up 76%; Gramercy Capital Revenues Up $287 million; Raven Industries Sales Up 20%; NxStage Reports Record Revenue; Caliper Life Sciences Reports Loss[More...]

Analyst Comments: Anheuser-Busch, CPFL Energia, Boston Properties, Williams Companies, Medallion Financial, Werner Enterprises

Mon, 23 Jun 2008 14:24:05 GMT

We rate CPFL Energia (CPL), the largest private company in the Brazilian electricity sector, as a Buy. The company posted solid results for the first quarter and the outlook for the following quarters remain positive, mainly considering the growing demand[More...]

Analyst Comments: Taubman, Advance Auto Parts, Medallion Financial, Wet Seal, 3Com Corporation, State Auto Financial

Wed, 02 Apr 2008 19:36:58 GMT

Taubman Centers (TCO) reported solid 4Q07 and full-year 2007 results with FFO increasing of 4.8% and 12.5% over comparable periods in 2006. Better-than-expected results were due to rental rate growth at existing malls and contributions from new mall openi[More...]

UPI NewsTrack Business

Thu, 06 Aug 2009 22:13:00 GMT

U.S. markets close lower Thursday
NEW YORK, Aug. 6 (UPI) -- U.S. markets closed modestly lower Thursday, despite news initial claims for unemployment benefits dropped last week.
The Nasdaq index fell 19.89 points, 1 percent, to 1,973.16.

[More...]

Better than gold: A cab medallion

Thu, 06 Aug 2009 18:54:00 GMT

Better than gold: A cab medallion[More...]

Midday P&L Statement: Medifast Revenues up 26%; Medallion Financial Q4 Income Up 76%; Gramercy Capital Revenues Up $287 million; Raven Industries Sales Up 20%; NxStage Reports Record Revenue; Caliper Life Sciences Reports Loss

Thu, 12 Mar 2009 17:55:00 GMT

Medallion Financial Corp. Reports 2009 Second Quarter Results

Mon, 10 Aug 2009 13:43:00 GMT

Medallion Financial Corp. (NASDAQ:TAXI), a specialty finance company with a leading position servicing the taxicab industry and other niche markets, announced that net increase in net assets resulting from operations, was $2,003,000 or $0.11 per diluted common share in the 2009 second quarter, down from $4,377,000 or $0.25 per diluted common share in the 2008 second quarter. Net investment income after income taxes was $2,116,000, or $0.12 per share in the 2009 second quarter, down from $3,825,000 or $0.22 per share in the year ago period. Net investment income after income taxes on a combined basis with Medallion Bank was $5,829,000, or $0.33 per share, up from $5,828,000, or $0.33 per share in the respective period.[More...]

Medallion Financial Corp. Reports 2009 First Quarter Results

Fri, 08 May 2009 13:14:00 GMT

Medallion Financial Corp. (NASDAQ:TAXI), a specialty finance company with a leading position servicing the taxicab industry and other niche markets, announced that net increase in net assets resulting from operations, was $1,889,000 or $0.11 per diluted common share in the 2009 first quarter, down from $3,921,000 or $0.22 per diluted common share in the 2008 first quarter. Net investment income after income taxes was $1,909,000, or $0.11 per share in the quarter, down from $3,397,000 or $0.19 per share in the year ago period. Net investment income after income taxes on a combined basis with Medallion Bank was $5,761,000, or $0.33 per share, up from $5,035,000, or $0.28 per share in the respective period.[More...]

Medallion Financial Corp. Reports 2008 Fourth Quarter and Full Year Results

Thu, 12 Mar 2009 14:02:00 GMT

Medallion Financial Corp. (Nasdaq: TAXI), a specialty finance company with a leading position servicing the taxicab industry and other niche markets, announced that earnings, or net increase in net assets resulting from operations was $2,832,000 or $0.16 per diluted common share in the 2008 fourth quarter, compared to $4,118,000 or $0.23 in the 2008 third quarter and $3,782,000 or $0.21 in the 2007 fourth quarter. For the 2008 full year, net increase in net assets resulting from operations decreased 1% to $15,248,000 or $0.86 per diluted common share from $15,436,000 or $0.87 per diluted common share in 2007.[More...]

Medallion Financial Enters Into New $200 Million Credit Facility

Tue, 16 Dec 2008 13:16:00 GMT

Medallion Financial Corp. (NASDAQ: TAXI), a specialty finance company with a leading position servicing the taxicab industry and other niche markets, announced today that, through a special purpose subsidiary, it has entered into a new commercial paper conduit facility agreement with DZ Bank AG Deutsche Zentral-Genossenschaftsbank (“DZ Bank”) as Agent for its conduit, Autobahn Funding Company LLC. Approximately $70 million of the proceeds from the facility was used to repay all borrowings under the company’s facility with Merrill Lynch. The remaining amounts under the facility will be available to provide the company with greater liquidity to finance and grow its taxi medallion portfolio. The facility covers taxicab medallion lending in New York City as well as Boston, Chicago and other cities throughout the United States. The initial facility amount is $200,000,000 and has a duration of five years.[More...]

Medallion Financial Renews $250 Million Credit Facility

Tue, 02 Dec 2008 12:54:00 GMT

Medallion Financial Corp. (NASDAQ: TAXI), a specialty finance company with a leading position servicing the taxicab industry and other niche markets announced today that, through a special purpose subsidiary, it renewed its commercial paper conduit facility agreement administered by Citicorp North America, Inc. for an additional 364 days. The facility covers taxicab medallion lending in New York City as well as Boston, Chicago and other cities throughout the United States.[More...]

Medallion Financial Corp. Reports 2008 Third Quarter Results

Mon, 03 Nov 2008 14:47:00 GMT

Medallion Financial Corp. (NASDAQ: TAXI), a specialty finance company with a leading position servicing the taxicab industry and other niche markets, announced that earnings, or net increase in net assets resulting from operations increased 14% to $4,118,000, or $0.23 per diluted common share in the 2008 third quarter, up from $3,602,000 or $0.20 per diluted common share in the 2007 third quarter. Net increase in net assets resulting from operations increased 7% to $12,416,000, or $0.70 per diluted common share for the 2008 nine months, up from $11,655,000, or $0.66 per diluted common share for the 2007 nine months.[More...]

Medallion Financial Corp. Reports 2008 Second Quarter Results

Wed, 06 Aug 2008 13:41:00 GMT

Medallion Financial Announces Agreement for Purchase of $31.1 Million Taxicab Medallion and Commercial Loan Portfolio

Thu, 17 Jul 2008 14:27:00 GMT

Medallion Financial Corp. (NASDAQ:TAXI), a specialty finance company with a leading position servicing the taxicab industry and other niche markets, announced that its wholly owned subsidiary, Medallion Bank, has agreed to purchase substantially all of Elk Associates Funding Corporation’s taxicab medallion loans for approximately $29.1 million. Another subsidiary of Medallion Financial, Freshstart Venture Capital Corp., will purchase certain other small business loans at the closing for approximately $2.0 million. The transaction is subject to customary closing conditions, and is subject to certain terms and conditions, including approval by the shareholders of Ameritrans Capital Corporation, the parent company of Elk. The transaction is expected to close no later than October 15, 2008.[More...]

Medallion Financial Corp. Reports 2008 First Quarter Results - Jun 2 2008 5:20AM

Thu, 08 May 2008 13:48:00 GMT

Medallion Financial Announces Increase and Extension of Credit Facility

Tue, 10 Jan 2006 13:49:00 GMT

Medallion Financial Corp. , a specialty finance company with a leading position servicing the taxicab industry and other niche markets in small business and consumer lending, announced that it has signed an amendment with one of its lenders, Merrill Lynch Commercial Finance Corp., to amend its existing credit facility. The amendment increases the amount of the facility from $325,000,000 to $475,000,000. In addition, the current facility, which was to mature in September 2006, has now been extended until September 2008.[More...]