Medallion Financial Corp. (NASDAQ:MFIN) Holdings Raised by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Medallion Financial Corp. (NASDAQ:MFIN - Free Report) by 26.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 269,116 shares of the credit services provider's stock after acquiring an additional 55,639 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned about 1.17% of Medallion Financial worth $2,527,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of MFIN. Segall Bryant & Hamill LLC acquired a new position in shares of Medallion Financial during the 3rd quarter valued at about $1,025,000. De Lisle Partners LLP grew its holdings in shares of Medallion Financial by 26.5% during the 3rd quarter. De Lisle Partners LLP now owns 103,545 shares of the credit services provider's stock worth $842,000 after purchasing an additional 21,700 shares during the period. Ritholtz Wealth Management boosted its holdings in Medallion Financial by 56.3% in the 4th quarter. Ritholtz Wealth Management now owns 57,584 shares of the credit services provider's stock worth $541,000 after acquiring an additional 20,747 shares during the period. PDT Partners LLC purchased a new position in Medallion Financial in the 3rd quarter worth approximately $165,000. Finally, Barclays PLC boosted its holdings in Medallion Financial by 297.6% in the 3rd quarter. Barclays PLC now owns 26,063 shares of the credit services provider's stock worth $213,000 after acquiring an additional 19,508 shares during the period. Institutional investors and hedge funds own 40.56% of the company's stock.

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Wall Street Analyst Weigh In

Separately, StockNews.com raised Medallion Financial from a "hold" rating to a "buy" rating in a research report on Wednesday, February 5th.

Medallion Financial Stock Performance

NASDAQ MFIN traded down $0.02 during trading hours on Friday, hitting $8.80. The company had a trading volume of 85,267 shares, compared to its average volume of 72,524. Medallion Financial Corp. has a fifty-two week low of $6.48 and a fifty-two week high of $10.50. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.54. The business has a fifty day simple moving average of $8.78 and a 200-day simple moving average of $8.92. The firm has a market cap of $204.71 million, a P/E ratio of 5.21 and a beta of 2.10.

Medallion Financial (NASDAQ:MFIN - Get Free Report) last released its quarterly earnings results on Tuesday, March 4th. The credit services provider reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.10. Medallion Financial had a return on equity of 9.52% and a net margin of 13.72%. The company had revenue of $53.10 million during the quarter, compared to analysts' expectations of $53.66 million. Equities analysts predict that Medallion Financial Corp. will post 1.46 EPS for the current year.

Medallion Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be paid a dividend of $0.11 per share. The ex-dividend date is Monday, March 17th. This represents a $0.44 annualized dividend and a yield of 5.00%. Medallion Financial's dividend payout ratio is currently 28.95%.

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.