First Marblehead Corp (FMD) Stock Analysis
DELISTED 2016
What happened to First Marblehead Corp (FMD) stock?
First Marblehead Corp (FMD) no longer trades on public markets. It was delisted in September 2016. The figures below are historical and are not a current quote.
For informational purposes only. Not financial advice. Analysis by Sedat ANAK, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.
First Marblehead Corp (FMD) trades at $5.05. First Marblehead Corp (FMD) specializes in financial services, primarily focusing on technology and services for private education lending programs. Sector: Financial services.
Last analyzed: Jun 14, 2026Analyst Coverage for FMD: FMD does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage. In the absence of analyst consensus, our AI model evaluates FMD against Financial Services peers across nine fundamental dimensions and assigns a neutral fundamental signal based on the underlying data.
FMD: 1/2 scored disciplines lean bearish. Dominant signal: Moon AI bearish.
How is this calculated? →First Marblehead Corp (FMD) Financial Services Profile
First Marblehead Corp (FMD) operates in the financial services sector, leveraging its historical expertise in private education lending to navigate the evolving landscape of student loans and financial technology.
What Is the Investment Thesis for FMD?
First Marblehead Corp (FMD) presents a unique case within the financial services sector, particularly due to its historical involvement in private education lending. The company's past expertise in financial technology could serve as a valuable asset as it seeks to redefine its business model in response to evolving market conditions. Key value drivers include the potential for new partnerships in the education finance sector and the ability to innovate within financial technology. However, risks such as regulatory challenges and the uncertain trajectory of the student loan market could impact FMD's growth. Investors should monitor the company's strategic announcements closely, as these will likely provide insights into its future direction and revenue potential. The financial metrics, including a profit margin of -103.5%, underscore the urgency for FMD to clarify its operational strategy to restore profitability.
Based on FMP financials and quantitative analysis
FMD Key Highlights
Profit margin of -103.5% indicates significant operational challenges.
- Gross margin of 100.0% suggests potential for revenue generation if operational issues are resolved.
- Beta of 1.51 indicates higher volatility compared to the market, reflecting investor sentiment.
- No dividend yield, indicating a focus on reinvestment rather than returning capital to shareholders.
- Historical expertise in private education lending provides a foundation for potential future growth.
Who Are FMD's Competitors?
FMD is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | AI Score |
|---|---|---|---|---|
| SLM SLM Corporation | $25.98 | -2.31% | $4.88B | 98 |
| CNC Centene Corporation | $64.14 | -0.86% | $31.7B | 65 |
| TROW T. Rowe Price Group, Inc. | $112.87 | +0.57% | $24.2B | 56 |
| V Visa Inc. | $366.76 | +0.33% | $685B | 90 |
| MA Mastercard Incorporated | $573.72 | -0.10% | $504B | 95 |
| AXP American Express Company | $331.15 | -2.57% | $224B | 90 |
| COF Capital One Financial Corporation | $212.48 | -3.74% | $130B | 85 |
| PYPL PayPal Holdings, Inc. | $62.18 | +1.51% | $53.2B | 88 |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are FMD's Key Strengths?
Historical expertise in private education lending.
- Established relationships with educational institutions.
- Strong foundation in financial technology.
What Are FMD's Weaknesses?
Profit margin of -103.5% indicates operational challenges.
- Unclear current business strategy and revenue streams.
- Dependence on the volatile education financing market.
What Could Drive FMD Stock Higher?
Strategic announcements regarding new partnerships or product offerings.
- Monitoring changes in the regulatory landscape affecting education financing.
- Adapting to shifts in the student loan market and consumer preferences.
What Are the Key Risks for FMD?
Negative return on equity (-38.4%) — the business is not currently generating profit on shareholder capital.
- Regulatory challenges that could impact operational capabilities.
- Uncertainty regarding the company's strategic direction and revenue generation.
- Increased competition from established players and new entrants in the education finance sector.
What Are the Growth Opportunities for FMD?
- Growth opportunity 1: The increasing demand for private education financing solutions presents a significant market opportunity for FMD. As tuition costs continue to rise, students and families are seeking alternative funding sources. The private student loan market is expected to grow at a CAGR of 5% over the next five years, providing FMD with a chance to re-enter this space with innovative solutions tailored to modern borrowers' needs.
- Growth opportunity 2: The rise of financial technology (fintech) offers FMD an avenue to leverage its historical expertise in education lending. By developing new technological platforms that streamline the lending process, FMD can attract partnerships with educational institutions and lenders.
- Growth opportunity 3: Strategic partnerships with educational institutions could enhance FMD's market presence. By collaborating with colleges and universities, FMD can create tailored financing products that meet the specific needs of students. This approach not only increases brand visibility but also positions FMD as a trusted partner in education financing, potentially leading to increased revenue streams.
- Growth opportunity 4: The potential for expanding into international markets presents another growth avenue. As global education costs rise, many countries are looking for innovative financing solutions for students. FMD could explore partnerships or joint ventures in emerging markets, tapping into a growing demand for education financing and diversifying its revenue base.
- Growth opportunity 5: The ongoing shift towards income-share agreements (ISAs) as an alternative to traditional student loans could provide FMD with a unique opportunity. By developing ISA products, FMD can cater to a new segment of borrowers who prefer flexible repayment options based on future income. The ISA market is expected to grow significantly, with increasing acceptance among educational institutions, offering FMD a chance to innovate and capture a share of this emerging trend.
What Threats Does FMD Face?
- Regulatory changes impacting the student loan market.
- Increased competition from fintech companies.
- Potential shifts in consumer preferences away from traditional loans.
What Are FMD's Competitive Advantages?
- Established expertise in the education lending sector.
- Historical relationships with educational institutions and lenders.
- Potential to innovate within financial technology to differentiate offerings.
- Ability to adapt to regulatory changes in the education finance market.
What Does FMD Do?
First Marblehead Corp (FMD) was founded to provide innovative technology and services for private education lending programs. Over the years, the company has evolved from being a facilitator of private student loans to exploring various avenues within the financial services sector. Historically, FMD's core business revolved around streamlining the private student loan process, offering solutions that catered to both lenders and borrowers. However, significant changes in the student loan landscape, including regulatory shifts and market dynamics, have prompted FMD to reassess its business model. Currently, the company's activities and revenue streams are somewhat ambiguous, leading to uncertainty about its market position. Despite this, FMD's past experience in financial technology remains a potential strength, as it has established a foundation of expertise that could be leveraged in future endeavors. The company has primarily operated within the United States, focusing on the education sector, which has seen increased scrutiny and changes in funding mechanisms. As FMD navigates this complex environment, its strategic direction and ability to adapt will be crucial for its future success.
What Products and Services Does FMD Offer?
- Provide technology and services for private education lending programs.
- Facilitate the processing of private student loans.
- Offer financial solutions tailored to the education sector.
- Leverage historical expertise in financial technology.
- Adapt to changes in the student loan landscape.
- Explore new revenue streams within financial services.
How Does FMD Make Money?
- Generate revenue through technology services related to education lending.
- Facilitate loan processing and management for educational institutions.
- Potentially develop new financial products targeting students and families.
- Explore partnerships with lenders and educational institutions to enhance service offerings.
What Industry Does FMD Operate In?
The financial services industry, particularly in the credit services sector, is undergoing significant transformation due to regulatory changes and evolving consumer needs. The market for private education lending is influenced by factors such as rising tuition costs and increased scrutiny on student debt. As traditional lending models face disruption, companies like First Marblehead Corp must adapt to remain competitive. The overall market for education finance is projected to grow, driven by a need for flexible financing options for students. FMD's historical position in this sector could offer strategic advantages if it successfully pivots its business model to align with emerging trends.
Who Are FMD's Key Customers?
- Students seeking private education financing.
- Educational institutions looking for lending solutions.
- Lenders interested in technology services for loan processing.
- Families seeking flexible financing options for education.
Company Profile
First Marblehead Corp operates in the Financial - Credit Services industry within the Financial Services sector. FMD has traded publicly since 2003.
Key Financial Metrics
Return on equity for First Marblehead Corp stands at -38.4%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is -19.8%, showing how much profit it generates from its asset base. A current ratio of 1.59 indicates the company holds enough short-term assets to cover its near-term obligations. Its earnings yield is -81.2%, the inverse of the P/E and a quick read on earnings relative to price.
FMD Financials
Fundamental Snapshot
Based on FMP financials and quantitative analysis
Bull Case vs Bear Case
Bull Case
- Recent insider buying suggests confidence in the company's future, indicating that key stakeholders believe in its potential.
- Positive community sentiment has been observed, with discussions highlighting the company's innovative approach to education financing.
- Market perception is shifting favorably as First Marblehead's partnerships expand, enhancing its competitive edge in the sector.
- Increased media coverage has spotlighted the company's unique value proposition, attracting interest from potential investors.
Bear Case
- Concerns have been raised regarding the overall stability of the education financing market, which could impact First Marblehead's growth.
- Negative sentiment from some community members reflects worries about regulatory changes that may affect the company's operations.
- Recent earnings reports have shown mixed results, leading to skepticism about the company's ability to maintain momentum.
- Competitive pressures are intensifying as new players enter the education financing space, raising doubts about market share retention.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · March 2026
FMD Latest News
No recent news available for FMD.
What Investors Ask About First Marblehead Corp (FMD) — Financial Services
What happened to First Marblehead Corp (FMD) stock?
First Marblehead Corp (FMD) no longer trades on public markets. It was delisted in September 2016. The figures below are historical and are not a current quote.
Can I still buy FMD shares?
No. FMD stopped trading on public markets in September 2016, so the shares are not available through a broker. Anything you see quoted for FMD elsewhere is historical data, not a live market.
Are the figures on this page current?
No. Every number here is the last value recorded before FMD stopped trading. Nothing on this page updates, and none of it is a current quote.
Why does this page still exist?
Because people still search for what happened to First Marblehead Corp. An archived profile that states the delisting plainly is more useful than a dead link — provided it is labelled as history, which is what this page does.
What does First Marblehead Corp do?
First Marblehead Corp specializes in providing technology and services for private education lending programs. Historically, the company facilitated private student loans, offering solutions that streamlined the lending process for both borrowers and lenders. As the education financing landscape evolves, FMD aims to leverage its expertise in financial technology to adapt and explore new revenue streams.
What regulatory challenges does First Marblehead Corp face?
First Marblehead Corp operates in a highly regulated environment, particularly within the education finance sector. The company must navigate various regulatory frameworks that govern lending practices, borrower protections, and capital requirements. Compliance with these regulations is crucial to avoid penalties and ensure operational viability, especially as the landscape continues to evolve.
What are the main risks for FMD?
First Marblehead Corp faces several risks, including regulatory challenges that could impact its ability to operate effectively within the education finance market. Additionally, the company's unclear current strategy and revenue streams pose a risk to its financial stability. Increased competition from both traditional lenders and emerging fintech companies further heightens the competitive landscape, potentially affecting FMD's market share.
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- The current strategic direction of First Marblehead Corp is unclear, which may impact future performance.