WINTON GROUP Ltd Purchases Shares of 27,357 Medallion Financial Corp. (NASDAQ:MFIN)

WINTON GROUP Ltd acquired a new position in shares of Medallion Financial Corp. (NASDAQ:MFIN) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 27,357 shares of the credit services provider’s stock, valued at approximately $257,000. WINTON GROUP Ltd owned about 0.12% of Medallion Financial at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. State Street Corp grew its position in Medallion Financial by 0.7% during the 3rd quarter. State Street Corp now owns 204,558 shares of the credit services provider’s stock worth $1,665,000 after acquiring an additional 1,333 shares during the last quarter. BNP Paribas Financial Markets increased its stake in shares of 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 in the last quarter. Rhumbline Advisers increased its stake in shares of Medallion Financial by 13.6% in the fourth quarter. Rhumbline Advisers now owns 29,192 shares of the credit services provider’s stock valued at $274,000 after buying an additional 3,503 shares in the last quarter. Soltis Investment Advisors LLC raised its holdings in shares of Medallion Financial by 7.4% in the third quarter. Soltis Investment Advisors LLC now owns 58,294 shares of the credit services provider’s stock valued at $475,000 after buying an additional 4,002 shares during the last quarter. Finally, Empowered Funds LLC grew its holdings in 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.

Medallion Financial Stock Up 1.5 %

NASDAQ MFIN opened at $9.06 on Monday. The stock has a market capitalization of $210.75 million, a P/E ratio of 5.36 and a beta of 2.10. Medallion Financial Corp. has a 52 week low of $6.48 and a 52 week high of $10.50. 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 stock has a fifty day moving average of $8.74 and a 200-day moving average of $8.97.

Medallion Financial (NASDAQ:MFIN) last announced its quarterly earnings data on Tuesday, March 4th. The credit services provider reported $0.43 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $53.66 million. On average, equities research analysts forecast that Medallion Financial Corp. will post 1.46 EPS for the current year.

Medallion Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be issued a $0.11 dividend. The ex-dividend date of this dividend is Monday, March 17th. This represents a $0.44 annualized dividend and a yield of 4.86%. Medallion Financial’s dividend payout ratio is currently 28.95%.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Medallion Financial from a “hold” rating to a “buy” rating in a research 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.