Medallion Financial Corp. (NASDAQ:MFIN) Shares Purchased by Two Sigma Investments LP

Two Sigma Investments LP raised its position in Medallion Financial Corp. (NASDAQ:MFIN) by 7.9% in the 4th quarter, Holdings Channel reports. The fund owned 98,797 shares of the credit services provider’s stock after purchasing an additional 7,242 shares during the period. Two Sigma Investments LP’s holdings in Medallion Financial were worth $928,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of MFIN. Tieton Capital Management LLC grew its position in Medallion Financial by 22.9% in the fourth quarter. Tieton Capital Management LLC now owns 987,098 shares of the credit services provider’s stock valued at $9,269,000 after acquiring an additional 184,172 shares in the last quarter. Arrowstreet Capital Limited Partnership acquired a new stake in Medallion Financial in the fourth quarter valued at approximately $877,000. Connor Clark & Lunn Investment Management Ltd. grew its position in Medallion Financial by 26.1% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 269,116 shares of the credit services provider’s stock valued at $2,527,000 after acquiring an additional 55,639 shares in the last quarter. O Shaughnessy Asset Management LLC grew its position in shares of Medallion Financial by 37.3% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 132,143 shares of the credit services provider’s stock worth $1,241,000 after buying an additional 35,917 shares in the last quarter. Finally, WINTON GROUP Ltd acquired a new stake in shares of Medallion Financial during the fourth quarter worth approximately $257,000. Institutional investors and hedge funds own 40.56% of the company’s stock.

Medallion Financial Stock Up 1.7%

MFIN stock opened at $9.61 on Friday. 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 $223.30 million, a P/E ratio of 5.69 and a beta of 1.35. The firm has a 50 day simple moving average of $8.96 and a 200-day simple moving average of $9.05.

Medallion Financial (NASDAQ:MFIN) last released its quarterly earnings results on Wednesday, April 30th. The credit services provider reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.18. Medallion Financial had a net margin of 13.72% and a return on equity of 9.52%. The business had revenue of $75.43 million during the quarter, compared to the consensus estimate of $51.73 million. On average, equities research analysts predict that Medallion Financial Corp. will post 1.46 earnings per share for the current fiscal year.

Medallion Financial Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Thursday, May 15th were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 4.99%. This is an increase from Medallion Financial’s previous quarterly dividend of $0.11. Medallion Financial’s dividend payout ratio (DPR) is presently 30.00%.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised shares of Medallion Financial from a “buy” rating to a “strong-buy” rating in a research report on Friday.

Medallion Financial Company Profile

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.