De Lisle Partners LLP Acquires 21,700 Shares of Medallion Financial Corp. (NASDAQ:MFIN)

De Lisle Partners LLP boosted its stake in shares of Medallion Financial Corp. (NASDAQ:MFIN) by 26.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 103,545 shares of the credit services provider’s stock after purchasing an additional 21,700 shares during the period. De Lisle Partners LLP owned about 0.45% of Medallion Financial worth $842,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Segall Bryant & Hamill LLC bought a new position in shares of Medallion Financial during the 3rd quarter valued at approximately $1,025,000. Panagora Asset Management Inc. purchased a new stake in shares of Medallion Financial in the second quarter worth $462,000. Bank of New York Mellon Corp raised its position in shares of Medallion Financial by 60.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 140,794 shares of the credit services provider’s stock valued at $1,081,000 after purchasing an additional 52,857 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of Medallion Financial by 32.2% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 213,477 shares of the credit services provider’s stock valued at $1,738,000 after buying an additional 51,941 shares in the last quarter. Finally, American Century Companies Inc. boosted its holdings in Medallion Financial by 30.6% in the 2nd quarter. American Century Companies Inc. now owns 187,408 shares of the credit services provider’s stock worth $1,439,000 after buying an additional 43,917 shares during the period. Hedge funds and other institutional investors own 40.56% of the company’s stock.

Medallion Financial Trading Down 0.4 %

MFIN stock opened at $9.42 on Friday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.18 and a quick ratio of 1.18. Medallion Financial Corp. has a 1-year low of $6.48 and a 1-year high of $10.19. The business has a 50 day simple moving average of $8.93 and a two-hundred day simple moving average of $8.29. The company has a market capitalization of $217.32 million, a price-to-earnings ratio of 5.57 and a beta of 2.12.

Medallion Financial (NASDAQ:MFIN) last announced its quarterly earnings results 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. The company had revenue of $77.00 million during the quarter, compared to analyst estimates 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 in the prior year, the company earned $0.48 earnings per share. Research analysts anticipate that Medallion Financial Corp. will post 1.48 EPS for the current fiscal year.

Medallion Financial Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Friday, November 15th were paid a dividend of $0.11 per share. This is an increase from Medallion Financial’s previous quarterly dividend of $0.10. The ex-dividend date was Friday, November 15th. This represents a $0.44 dividend on an annualized basis and a yield of 4.67%. Medallion Financial’s dividend payout ratio is presently 26.04%.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Medallion Financial from a “hold” rating to a “buy” rating in a 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.