Segall Bryant & Hamill LLC Invests $1.03 Million in Medallion Financial Corp. (NASDAQ:MFIN)

Segall Bryant & Hamill LLC purchased a new position in shares of Medallion Financial Corp. (NASDAQ:MFIN) during the 3rd quarter, Holdings Channel.com reports. The institutional investor purchased 125,938 shares of the credit services provider’s stock, valued at approximately $1,025,000.

Several other hedge funds have also made changes to their positions in the business. O Shaughnessy Asset Management LLC lifted its position in shares of Medallion Financial by 3.3% during the first quarter. O Shaughnessy Asset Management LLC now owns 98,279 shares of the credit services provider’s stock worth $777,000 after purchasing an additional 3,125 shares in the last quarter. Ritholtz Wealth Management increased its stake in shares of Medallion Financial by 13.2% during the second quarter. Ritholtz Wealth Management now owns 41,664 shares of the credit services provider’s stock worth $320,000 after buying an additional 4,862 shares during the period. Ridgewood Investments LLC purchased a new stake in shares of Medallion Financial during the second quarter worth approximately $38,000. Rhumbline Advisers increased its stake in shares of Medallion Financial by 2,306.5% during the second quarter. Rhumbline Advisers now owns 24,185 shares of the credit services provider’s stock worth $186,000 after buying an additional 23,180 shares during the period. Finally, American Century Companies Inc. increased its stake in shares of Medallion Financial by 30.6% during the second 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. Institutional investors and hedge funds own 40.56% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Medallion Financial from a “hold” rating to a “buy” rating in a research note on Saturday, November 16th.

Medallion Financial Stock Down 0.1 %

MFIN stock opened at $9.56 on Friday. The company’s 50 day moving average price is $8.83 and its 200 day moving average price is $8.25. 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 fifty-two week low of $6.48 and a fifty-two week high of $10.19. The firm has a market capitalization of $220.55 million, a price-to-earnings ratio of 5.66 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 the consensus estimate of $0.36 by $0.01. The company had revenue of $77.00 million for the quarter, compared to analyst estimates of $52.88 million. Medallion Financial had a net margin of 13.72% and a return on equity of 9.52%. During the same period in the prior year, the firm posted $0.48 earnings per share. On average, equities research analysts anticipate that Medallion Financial Corp. will post 1.48 EPS for the current fiscal year.

Medallion Financial Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Friday, November 15th will be paid a $0.11 dividend. This is a positive change from Medallion Financial’s previous quarterly dividend of $0.10. This represents a $0.44 annualized dividend and a yield of 4.60%. The ex-dividend date is Friday, November 15th. Medallion Financial’s dividend payout ratio is currently 26.04%.

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.