Segall Bryant & Hamill LLC Sells 70,460 Shares of Medallion Financial Corp. (NASDAQ:MFIN)

Segall Bryant & Hamill LLC lessened its holdings in Medallion Financial Corp. (NASDAQ:MFIN) by 55.9% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 55,478 shares of the credit services provider’s stock after selling 70,460 shares during the period. Segall Bryant & Hamill LLC owned about 0.24% of Medallion Financial worth $521,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Geode Capital Management LLC increased its holdings in Medallion Financial by 2.4% during the third quarter. Geode Capital Management LLC now owns 416,956 shares of the credit services provider’s stock valued at $3,394,000 after buying an additional 9,849 shares during the last quarter. Stifel Financial Corp increased its stake in shares of Medallion Financial by 4.2% in the 3rd quarter. Stifel Financial Corp now owns 272,949 shares of the credit services provider’s stock worth $2,222,000 after purchasing an additional 10,974 shares in the last quarter. BNP Paribas Financial Markets raised its holdings in Medallion Financial by 52.3% in 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 period. Ritholtz Wealth Management lifted its position in Medallion Financial by 56.3% during the fourth quarter. Ritholtz Wealth Management now owns 57,584 shares of the credit services provider’s stock valued at $541,000 after purchasing an additional 20,747 shares in the last quarter. Finally, Barclays PLC grew its holdings in Medallion Financial by 297.6% during the third quarter. Barclays PLC now owns 26,063 shares of the credit services provider’s stock valued at $213,000 after purchasing an additional 19,508 shares during the period. Hedge funds and other institutional investors own 40.56% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Medallion Financial from a “hold” rating to a “buy” rating in a research report on Wednesday, February 5th.

Medallion Financial Stock Performance

MFIN opened at $9.06 on Friday. The company has a 50 day simple moving average of $8.74 and a two-hundred day simple moving average of $8.96. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.18 and a quick ratio of 1.18. The firm has a market cap of $210.75 million, a P/E ratio of 5.36 and a beta of 2.10. Medallion Financial Corp. has a 1-year low of $6.48 and a 1-year high of $10.50.

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

Medallion Financial Dividend Announcement

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

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.