Medallion Financial Corp. (NASDAQ:MFIN) Shares Sold by Soltis Investment Advisors LLC

Soltis Investment Advisors LLC cut its holdings in shares of Medallion Financial Corp. (NASDAQ:MFIN) by 8.6% during the 4th quarter, Holdings Channel.com reports. The firm owned 53,294 shares of the credit services provider’s stock after selling 5,000 shares during the quarter. Soltis Investment Advisors LLC’s holdings in Medallion Financial were worth $500,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Empowered Funds LLC increased its holdings in Medallion Financial by 56.1% during the 4th quarter. Empowered Funds LLC now owns 25,381 shares of the credit services provider’s stock worth $238,000 after purchasing an additional 9,121 shares during the last quarter. Ritholtz Wealth Management increased its holdings in Medallion Financial by 56.3% during the 4th quarter. Ritholtz Wealth Management now owns 57,584 shares of the credit services provider’s stock worth $541,000 after purchasing an additional 20,747 shares during the last quarter. Barclays PLC increased its holdings in Medallion Financial by 297.6% during the 3rd quarter. Barclays PLC now owns 26,063 shares of the credit services provider’s stock worth $213,000 after purchasing an additional 19,508 shares during the last quarter. Geode Capital Management LLC increased its holdings in Medallion Financial by 2.4% during the 3rd quarter. Geode Capital Management LLC now owns 416,956 shares of the credit services provider’s stock worth $3,394,000 after purchasing an additional 9,849 shares during the last quarter. Finally, Jane Street Group LLC purchased a new stake in Medallion Financial during the 3rd quarter worth approximately $117,000. 40.56% of the stock is currently owned by hedge funds and other institutional investors.

Medallion Financial Price Performance

Shares of NASDAQ MFIN opened at $8.71 on Tuesday. Medallion Financial Corp. has a twelve month low of $6.48 and a twelve month high of $10.50. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $200.94 million, a price-to-earnings ratio of 5.15 and a beta of 2.07. The business has a 50 day simple moving average of $9.41 and a 200-day simple moving average of $8.81.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Medallion Financial from a “hold” rating to a “buy” rating in a report on Wednesday, February 5th.

About Medallion Financial

Medallion Financial Corp., together with its subsidiaries, operates as a specialty finance company in the United States. It operates in four segments: Recreation Lending, Home Improvement Lending, Commercial Lending, and Taxi Medallion Lending. The company offers loans that finance consumer purchases of recreational vehicles, boats, and other consumer recreational equipment; consumer financing for window, siding, and roof replacement, swimming pool installations, and other home improvement projects; senior and subordinated loans for the purchase of equipment and related assets necessary to open a new business, or purchase or improvement of an existing business; and taxi medallion loans to individuals and small to mid-size businesses.