O Shaughnessy Asset Management LLC Buys 35,917 Shares of Medallion Financial Corp. (NASDAQ:MFIN)

O Shaughnessy Asset Management LLC increased its position in Medallion Financial Corp. (NASDAQ:MFIN - Free Report) by 37.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 132,143 shares of the credit services provider's stock after purchasing an additional 35,917 shares during the quarter. O Shaughnessy Asset Management LLC owned approximately 0.57% of Medallion Financial worth $1,241,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. BNP Paribas Financial Markets lifted its holdings 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 worth $39,000 after acquiring an additional 1,656 shares during the period. Jane Street Group LLC bought a new position in Medallion Financial during the third quarter worth about $117,000. Raymond James Financial Inc. acquired a new stake in Medallion Financial during the fourth quarter valued at approximately $150,000. Barclays PLC boosted its holdings in Medallion Financial by 297.6% during the third quarter. Barclays PLC now owns 26,063 shares of the credit services provider's stock valued at $213,000 after purchasing an additional 19,508 shares in the last quarter. Finally, Empowered Funds LLC grew its stake in shares of Medallion Financial by 56.1% in the 4th quarter. Empowered Funds LLC now owns 25,381 shares of the credit services provider's stock valued at $238,000 after purchasing an additional 9,121 shares during the period. Institutional investors and hedge funds own 40.56% of the company's stock.

Medallion Financial Price Performance

Shares of NASDAQ:MFIN traded up $0.13 on Friday, hitting $8.23. The stock had a trading volume of 35,952 shares, compared to its average volume of 71,507. The company has a market capitalization of $191.45 million, a price-to-earnings ratio of 4.87 and a beta of 1.58. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.18 and a current ratio of 1.18. The firm's 50 day moving average price is $8.56 and its 200-day moving average price is $9.01. Medallion Financial Corp. has a twelve month low of $6.48 and a twelve month high of $10.50.

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

Medallion Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were issued a dividend of $0.11 per share. The ex-dividend date of this dividend was Monday, March 17th. This represents a $0.44 dividend on an annualized basis and a yield of 5.35%. Medallion Financial's dividend payout ratio is 28.95%.

Wall Street Analysts Forecast Growth

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