O Shaughnessy Asset Management LLC Purchases 35,917 Shares of Medallion Financial Corp. (NASDAQ:MFIN)

O Shaughnessy Asset Management LLC grew its holdings in shares of Medallion Financial Corp. (NASDAQ:MFIN) by 37.3% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 132,143 shares of the credit services provider’s stock after buying an additional 35,917 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Medallion Financial were worth $1,241,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of MFIN. State Street Corp boosted its holdings in shares of Medallion Financial by 0.7% in the third quarter. State Street Corp now owns 204,558 shares of the credit services provider’s stock valued at $1,665,000 after purchasing an additional 1,333 shares during the period. BNP Paribas Financial Markets raised its position in Medallion Financial by 52.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 4,820 shares of the credit services provider’s stock valued at $39,000 after purchasing an additional 1,656 shares in the last quarter. Rhumbline Advisers lifted its holdings in shares of Medallion Financial by 13.6% in the 4th quarter. Rhumbline Advisers now owns 29,192 shares of the credit services provider’s stock worth $274,000 after buying an additional 3,503 shares during the period. Soltis Investment Advisors LLC grew its position in shares of Medallion Financial by 7.4% during the 3rd quarter. Soltis Investment Advisors LLC now owns 58,294 shares of the credit services provider’s stock worth $475,000 after buying an additional 4,002 shares in the last quarter. Finally, Empowered Funds LLC increased its stake in shares of Medallion Financial by 56.1% during the fourth quarter. Empowered Funds LLC now owns 25,381 shares of the credit services provider’s stock valued at $238,000 after buying an additional 9,121 shares during the period. 40.56% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Medallion Financial Price Performance

Shares of MFIN opened at $8.22 on Monday. The stock has a market capitalization of $191.21 million, a PE ratio of 4.86 and a beta of 1.58. The company has a 50 day moving average price of $8.68 and a 200-day moving average price of $9.01. 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 $10.50.

Medallion Financial (NASDAQ:MFIN) last announced 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. The business had revenue of $53.10 million for the quarter, compared to analysts’ expectations of $53.66 million. Medallion Financial had a return on equity of 9.52% and a net margin of 13.72%. Equities analysts predict that Medallion Financial Corp. will post 1.46 earnings per share for the current fiscal year.

Medallion Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were paid a $0.11 dividend. The ex-dividend date was Monday, March 17th. This represents a $0.44 annualized dividend and a yield of 5.35%. Medallion Financial’s dividend payout ratio (DPR) is presently 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.