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

Tieton Capital Management LLC lessened its holdings in shares of Medallion Financial Corp. (NASDAQ:MFIN) by 0.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 802,926 shares of the credit services provider’s stock after selling 2,355 shares during the period. Medallion Financial makes up approximately 3.4% of Tieton Capital Management LLC’s portfolio, making the stock its 14th biggest holding. Tieton Capital Management LLC owned 3.48% of Medallion Financial worth $6,536,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. Ridgewood Investments LLC purchased a new stake in shares of Medallion Financial during the 2nd quarter worth approximately $38,000. Rhumbline Advisers grew its holdings in Medallion Financial by 2,306.5% in the second quarter. Rhumbline Advisers now owns 24,185 shares of the credit services provider’s stock valued at $186,000 after purchasing an additional 23,180 shares during the last quarter. Ritholtz Wealth Management increased its position in shares of Medallion Financial by 13.2% in the second quarter. Ritholtz Wealth Management now owns 41,664 shares of the credit services provider’s stock valued at $320,000 after buying an additional 4,862 shares in the last quarter. Panagora Asset Management Inc. acquired a new position in shares of Medallion Financial during the 2nd quarter worth $462,000. Finally, O Shaughnessy Asset Management LLC boosted 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 in the last quarter. Hedge funds and other institutional investors own 40.56% of the company’s stock.

Medallion Financial Price Performance

MFIN stock opened at $9.56 on Friday. The stock’s 50 day moving average price is $8.79 and its 200 day moving average price is $8.24. The firm has a market cap of $220.55 million, a P/E ratio of 5.66 and a beta of 2.12. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.18 and a current ratio of 1.18. Medallion Financial Corp. has a 1 year low of $6.48 and a 1 year high of $10.19.

Medallion Financial (NASDAQ:MFIN) last posted its quarterly earnings data on Tuesday, October 29th. The credit services provider reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.01. Medallion Financial had a return on equity of 9.52% and a net margin of 13.72%. The business had revenue of $77.00 million for the quarter, compared to analyst estimates of $52.88 million. During the same quarter last year, the company earned $0.48 earnings per share. On average, sell-side analysts expect that Medallion Financial Corp. will post 1.48 earnings per share for the current fiscal year.

Medallion Financial Increases Dividend

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

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 Saturday, November 16th.

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.