WINTON GROUP Ltd Purchases New Position in Medallion Financial Corp. (NASDAQ:MFIN)

WINTON GROUP Ltd acquired a new stake in shares of Medallion Financial Corp. (NASDAQ:MFIN) in the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 27,357 shares of the credit services provider’s stock, valued at approximately $257,000.

Several other large investors have also recently bought and sold shares of the company. BNP Paribas Financial Markets boosted its position in shares of Medallion Financial by 52.3% during the third 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 in the last quarter. Jane Street Group LLC acquired a new stake in Medallion Financial during the 3rd quarter worth $117,000. Raymond James Financial Inc. acquired a new position in Medallion Financial in the fourth quarter valued at about $150,000. PDT Partners LLC bought a new stake in shares of Medallion Financial in the third quarter worth about $165,000. Finally, Barclays PLC raised its position in shares of Medallion Financial by 297.6% during the third quarter. Barclays PLC now owns 26,063 shares of the credit services provider’s stock worth $213,000 after purchasing an additional 19,508 shares during the period. Institutional investors own 40.56% of the company’s stock.

Analyst Upgrades and Downgrades

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

Medallion Financial Stock Up 1.5 %

Shares of MFIN stock opened at $9.06 on Monday. The company has a market capitalization of $210.75 million, a price-to-earnings ratio of 5.36 and a beta of 2.10. Medallion Financial Corp. has a 12-month low of $6.48 and a 12-month high of $10.50. The firm has a fifty day moving average of $8.74 and a 200-day moving average of $8.97. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.54.

Medallion Financial (NASDAQ:MFIN) last released its quarterly 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. The firm had revenue of $53.10 million for the quarter, compared to the consensus estimate of $53.66 million. Medallion Financial had a return on equity of 9.52% and a net margin of 13.72%. As a group, equities research analysts predict that Medallion Financial Corp. will post 1.46 earnings per share for the current fiscal year.

Medallion Financial Announces Dividend

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

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.