De Lisle Partners LLP Acquires 51,822 Shares of Medallion Financial Corp. $MFIN

De Lisle Partners LLP increased its holdings in Medallion Financial Corp. (NASDAQ:MFIN) by 40.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 180,079 shares of the credit services provider’s stock after buying an additional 51,822 shares during the period. De Lisle Partners LLP owned 0.77% of Medallion Financial worth $1,851,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of MFIN. Teton Advisors LLC bought a new position in Medallion Financial in the 3rd quarter worth approximately $606,000. Goldman Sachs Group Inc. boosted its holdings in Medallion Financial by 83.5% in the 4th quarter. Goldman Sachs Group Inc. now owns 129,949 shares of the credit services provider’s stock valued at $1,337,000 after purchasing an additional 59,130 shares during the period. Two Sigma Investments LP boosted its holdings in Medallion Financial by 43.1% in the 3rd quarter. Two Sigma Investments LP now owns 86,634 shares of the credit services provider’s stock valued at $875,000 after purchasing an additional 26,091 shares during the period. Jane Street Group LLC bought a new position in Medallion Financial in the 2nd quarter valued at $240,000. Finally, Deutsche Bank AG bought a new position in Medallion Financial in the 4th quarter valued at $188,000. 40.56% of the stock is owned by institutional investors.

Medallion Financial Price Performance

Shares of NASDAQ:MFIN opened at $9.81 on Friday. The firm has a fifty day moving average price of $9.39 and a two-hundred day moving average price of $9.77. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.21 and a quick ratio of 1.20. Medallion Financial Corp. has a one year low of $7.85 and a one year high of $11.00. The company has a market cap of $233.97 million, a price-to-earnings ratio of 6.63 and a beta of 0.78.

Medallion Financial (NASDAQ:MFIN) last announced its quarterly earnings results on Wednesday, April 29th. The credit services provider reported $0.20 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.05). Medallion Financial had a net margin of 10.35% and a return on equity of 7.73%. The firm had revenue of $79.07 million during the quarter, compared to the consensus estimate of $56.15 million. Analysts anticipate that Medallion Financial Corp. will post 1.12 EPS for the current fiscal year.

Medallion Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 21st. Stockholders of record on Monday, May 11th were issued a dividend of $0.14 per share. The ex-dividend date of this dividend was Monday, May 11th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 5.7%. This is an increase from Medallion Financial’s previous quarterly dividend of $0.12. Medallion Financial’s payout ratio is presently 37.84%.

Analyst Ratings Changes

Several research analysts have commented on the stock. Weiss Ratings downgraded shares of Medallion Financial from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, May 6th. Piper Sandler assumed coverage on shares of Medallion Financial in a report on Friday. They issued a “neutral” rating and a $10.50 price target for the company. Finally, Zacks Research downgraded shares of Medallion Financial from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 19th. One investment analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $11.25.

Medallion Financial Profile

Medallion Financial Corporation is a specialty finance company that provides asset-based lending solutions to small and mid-sized businesses in the United States. The company’s core business activities include secured loans collateralized by business assets such as insurance premiums, commercial real estate, maritime assets and portfolio receivables. Through its insurance premium finance division, Medallion offers short-term loans that allow policyholders to spread insurance costs over multiple payments, while its portfolio financing arm provides funding against a borrower’s existing asset portfolios.

Founded in 1998 and headquartered in Minneapolis, Minnesota, Medallion Financial originally established itself in the taxi medallion lending market, extending loans secured by New York City cab medallions.