LSV Asset Management Has $555,000 Stock Position in Medallion Financial Corp. (NASDAQ:MFIN)

LSV Asset Management lowered its position in shares of Medallion Financial Corp. (NASDAQ:MFIN) by 27.4% in the fourth quarter, HoldingsChannel reports. The fund owned 59,100 shares of the credit services provider’s stock after selling 22,300 shares during the period. LSV Asset Management’s holdings in Medallion Financial were worth $555,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. BNP Paribas Financial Markets raised its holdings in 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 purchasing an additional 1,656 shares during the last quarter. Wells Fargo & Company MN grew its position in shares of Medallion Financial by 24.3% during the 4th quarter. Wells Fargo & Company MN now owns 11,554 shares of the credit services provider’s stock worth $108,000 after buying an additional 2,256 shares during the period. Jane Street Group LLC bought a new stake in shares of Medallion Financial during the third quarter worth approximately $117,000. Raymond James Financial Inc. acquired a new position in Medallion Financial in the fourth quarter valued at approximately $150,000. Finally, Barclays PLC boosted its stake in Medallion Financial by 297.6% in the third quarter. Barclays PLC now owns 26,063 shares of the credit services provider’s stock valued at $213,000 after acquiring an additional 19,508 shares during the last quarter. Institutional investors own 40.56% of the company’s stock.

Analyst Ratings Changes

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 Trading Down 0.1 %

NASDAQ:MFIN opened at $8.22 on Tuesday. 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 Corp. has a 1-year low of $6.48 and a 1-year high of $10.50. The firm has a market capitalization of $191.21 million, a price-to-earnings ratio of 4.86 and a beta of 1.58. The business’s 50-day moving average price is $8.53 and its two-hundred day moving average price is $9.02.

Medallion Financial (NASDAQ:MFIN) last announced its quarterly earnings results on Tuesday, March 4th. The credit services provider reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.10. The business had revenue of $53.10 million for the quarter, compared to the consensus estimate of $53.66 million. Medallion Financial had a net margin of 13.72% and a return on equity of 9.52%. On average, equities analysts expect that Medallion Financial Corp. will post 1.46 earnings per share for the current year.

Medallion Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were issued a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 5.35%. The ex-dividend date was Monday, March 17th. Medallion Financial’s dividend payout ratio (DPR) is 28.95%.

Medallion Financial 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.