Medallion Financial Corp. (NASDAQ:MFIN) Shares Sold by Tieton Capital Management LLC

Tieton Capital Management LLC trimmed its holdings in Medallion Financial Corp. (NASDAQ:MFIN) by 0.3% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 802,926 shares of the credit services provider’s stock after selling 2,355 shares during the period. Medallion Financial accounts for approximately 3.4% of Tieton Capital Management LLC’s holdings, making the stock its 14th largest holding. Tieton Capital Management LLC’s holdings in Medallion Financial were worth $6,536,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Ridgewood Investments LLC acquired a new stake in shares of Medallion Financial in the second quarter worth approximately $38,000. Rhumbline Advisers raised its stake in Medallion Financial by 2,306.5% during the second quarter. Rhumbline Advisers now owns 24,185 shares of the credit services provider’s stock worth $186,000 after purchasing an additional 23,180 shares during the period. Ritholtz Wealth Management boosted its holdings in shares of Medallion Financial by 13.2% in the 2nd quarter. Ritholtz Wealth Management now owns 41,664 shares of the credit services provider’s stock valued at $320,000 after purchasing an additional 4,862 shares during the last quarter. Panagora Asset Management Inc. acquired a new stake in shares of Medallion Financial during the 2nd quarter worth $462,000. Finally, O Shaughnessy Asset Management LLC raised its position in shares of Medallion Financial by 3.3% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 98,279 shares of the credit services provider’s stock worth $777,000 after buying an additional 3,125 shares during the period. Hedge funds and other institutional investors own 40.56% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Medallion Financial from a “hold” rating to a “buy” rating in a research report on Saturday, November 16th.

Medallion Financial Stock Performance

Shares of MFIN stock opened at $9.56 on Friday. The company’s fifty day simple moving average is $8.79 and its 200-day simple moving average is $8.24. The company has a market cap of $220.55 million, a PE ratio of 5.66 and a beta of 2.12. Medallion Financial Corp. has a 52 week low of $6.48 and a 52 week high of $10.19. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.54.

Medallion Financial (NASDAQ:MFIN) last announced its earnings results on Tuesday, October 29th. The credit services provider reported $0.37 EPS for the quarter, beating the consensus estimate of $0.36 by $0.01. The business had revenue of $77.00 million for the quarter, compared to the consensus estimate of $52.88 million. Medallion Financial had a return on equity of 9.52% and a net margin of 13.72%. During the same period last year, the business posted $0.48 EPS. As a group, equities research analysts anticipate that Medallion Financial Corp. will post 1.48 EPS for the current year.

Medallion Financial Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Friday, November 15th will be paid a $0.11 dividend. The ex-dividend date of this dividend is Friday, November 15th. This is an increase from Medallion Financial’s previous quarterly dividend of $0.10. This represents a $0.44 annualized dividend and a dividend yield of 4.60%. Medallion Financial’s dividend payout ratio is 26.04%.

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.