Tieton Capital Management LLC Acquires 184,172 Shares of Medallion Financial Corp. (NASDAQ:MFIN)

Tieton Capital Management LLC boosted its holdings in Medallion Financial Corp. (NASDAQ:MFIN - Free Report) by 22.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 987,098 shares of the credit services provider's stock after acquiring an additional 184,172 shares during the period. Medallion Financial comprises about 3.7% of Tieton Capital Management LLC's investment portfolio, making the stock its 8th biggest holding. Tieton Capital Management LLC owned about 4.28% of Medallion Financial worth $9,269,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of MFIN. BNP Paribas Financial Markets lifted its stake in Medallion Financial by 52.3% in the third 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 during the last quarter. Jane Street Group LLC bought a new stake in Medallion Financial in the 3rd quarter valued at about $117,000. Raymond James Financial Inc. acquired a new position in Medallion Financial during the 4th quarter valued at about $150,000. PDT Partners LLC acquired a new position in Medallion Financial during the 3rd quarter valued at about $165,000. Finally, Barclays PLC grew its position 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 purchasing an additional 19,508 shares during the last quarter. 40.56% of the stock is currently owned by institutional investors and hedge funds.

Remove Ads

Medallion Financial Price Performance

Shares of NASDAQ MFIN traded up $0.13 during mid-day trading on Friday, reaching $9.06. 84,245 shares of the company traded hands, compared to its average volume of 72,752. The stock has a fifty day simple moving average of $8.74 and a 200-day simple moving average of $8.96. Medallion Financial Corp. has a fifty-two week low of $6.48 and a fifty-two week high of $10.50. The firm has a market cap of $210.75 million, a PE ratio of 5.36 and a beta of 2.10. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.18 and a quick ratio of 1.18.

Medallion Financial (NASDAQ:MFIN - Get Free Report) last announced its quarterly earnings data on Tuesday, March 4th. The credit services provider reported $0.43 EPS for the quarter, beating analysts' consensus estimates of $0.33 by $0.10. The company had revenue of $53.10 million during 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%. Equities research analysts anticipate that Medallion Financial Corp. will post 1.46 EPS for the current fiscal year.

Medallion Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be issued 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 4.86%. Medallion Financial's payout ratio is presently 28.95%.

Analysts Set New Price Targets

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

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.