Segall Bryant & Hamill LLC Has $521,000 Stake in Medallion Financial Corp. (NASDAQ:MFIN)

Segall Bryant & Hamill LLC reduced its position in shares of Medallion Financial Corp. (NASDAQ:MFIN - Free Report) by 55.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 55,478 shares of the credit services provider's stock after selling 70,460 shares during the quarter. Segall Bryant & Hamill LLC owned 0.24% of Medallion Financial worth $521,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. BNP Paribas Financial Markets lifted its stake in Medallion Financial by 52.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 4,820 shares of the credit services provider's stock valued at $39,000 after purchasing an additional 1,656 shares during the last quarter. Jane Street Group LLC acquired a new stake in shares of Medallion Financial in the third quarter valued at approximately $117,000. Raymond James Financial Inc. bought a new position in shares of Medallion Financial during the 4th quarter worth approximately $150,000. PDT Partners LLC bought a new position in shares of Medallion Financial during the 3rd quarter worth approximately $165,000. Finally, Empowered Funds LLC increased its holdings in shares of Medallion Financial by 56.1% during the 4th quarter. Empowered Funds LLC now owns 25,381 shares of the credit services provider's stock worth $238,000 after acquiring an additional 9,121 shares during the last quarter. Institutional investors and hedge funds own 40.56% of the company's stock.

Analysts Set New Price Targets

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

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Medallion Financial Stock Performance

MFIN stock traded down $0.09 during mid-day trading on Tuesday, hitting $8.63. 7,206 shares of the company were exchanged, compared to its average volume of 72,434. Medallion Financial Corp. has a 1-year low of $6.48 and a 1-year high of $10.50. The business has a 50 day simple moving average of $8.72 and a 200-day simple moving average of $8.99. 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 stock has a market capitalization of $200.63 million, a PE ratio of 5.10 and a beta of 2.10.

Medallion Financial (NASDAQ:MFIN - Get Free Report) last posted 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 return on equity of 9.52% and a net margin of 13.72%. The firm had revenue of $53.10 million for the quarter, compared to analysts' expectations of $53.66 million. On average, equities analysts forecast that Medallion Financial Corp. will post 1.46 earnings per share for the current year.

Medallion Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 5.10%. The ex-dividend date of this dividend was Monday, March 17th. Medallion Financial's dividend payout ratio is currently 28.95%.

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.