Medallion Financial Corp. (NASDAQ:MFIN) Stock Position Lifted by Tieton Capital Management LLC

Tieton Capital Management LLC grew its stake in shares of Medallion Financial Corp. (NASDAQ:MFIN) by 22.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 987,098 shares of the credit services provider’s stock after buying an additional 184,172 shares during the period. Medallion Financial accounts for 3.7% of Tieton Capital Management LLC’s portfolio, making the stock its 8th biggest holding. Tieton Capital Management LLC’s holdings in Medallion Financial were worth $9,269,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. BNP Paribas Financial Markets lifted its position in shares of Medallion Financial by 52.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 4,820 shares of the credit services provider’s stock valued at $39,000 after buying an additional 1,656 shares in the last quarter. Jane Street Group LLC purchased a new position in shares of Medallion Financial during the 3rd quarter valued at about $117,000. Raymond James Financial Inc. purchased a new position in shares of Medallion Financial during the 4th quarter valued at about $150,000. PDT Partners LLC purchased a new position in shares of Medallion Financial during the 3rd quarter valued at about $165,000. Finally, Barclays PLC lifted its position in shares of Medallion Financial by 297.6% during the 3rd quarter. Barclays PLC now owns 26,063 shares of the credit services provider’s stock valued at $213,000 after buying an additional 19,508 shares in the last quarter. 40.56% of the stock is owned by hedge funds and other institutional investors.

Medallion Financial Stock Down 0.2 %

Shares of MFIN opened at $8.80 on Monday. The business’s 50 day moving average is $8.78 and its 200 day moving average is $8.93. The company has a market capitalization of $204.71 million, a PE ratio of 5.21 and a beta of 2.10. Medallion Financial Corp. has a 12-month low of $6.48 and a 12-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.

Medallion Financial (NASDAQ:MFIN) last issued its earnings results on Tuesday, March 4th. The credit services provider reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.10. The company had revenue of $53.10 million for the quarter, compared to the consensus estimate of $53.66 million. Medallion Financial had a return on equity of 9.52% and a net margin of 13.72%. Research analysts expect that Medallion Financial Corp. will post 1.46 earnings per share for the current fiscal year.

Medallion Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 5.00%. The ex-dividend date of this dividend is Monday, March 17th. Medallion Financial’s payout ratio is 28.95%.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Medallion Financial from a “hold” rating to a “buy” rating in a research note 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.