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

De Lisle Partners LLP lifted its stake in shares of Medallion Financial Corp. (NASDAQ:MFIN) by 40.4% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 180,079 shares of the credit services provider’s stock after acquiring an additional 51,822 shares during the period. De Lisle Partners LLP’s holdings in Medallion Financial were worth $1,851,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Teton Advisors LLC bought a new stake in shares of Medallion Financial during the 3rd quarter worth $606,000. GSA Capital Partners LLP raised its position in Medallion Financial by 9.9% in the 3rd quarter. GSA Capital Partners LLP now owns 44,787 shares of the credit services provider’s stock worth $452,000 after purchasing an additional 4,045 shares during the period. Bank of America Corp DE raised its position in Medallion Financial by 4.4% in the 3rd quarter. Bank of America Corp DE now owns 26,318 shares of the credit services provider’s stock worth $266,000 after purchasing an additional 1,112 shares during the period. Empowered Funds LLC raised its position in Medallion Financial by 9.7% in the 1st quarter. Empowered Funds LLC now owns 27,842 shares of the credit services provider’s stock worth $243,000 after purchasing an additional 2,461 shares during the period. Finally, Jane Street Group LLC purchased a new position in Medallion Financial in the 2nd quarter worth $240,000. 40.56% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

Medallion Financial Price Performance

Shares of NASDAQ:MFIN opened at $9.81 on Friday. The stock has a market cap of $233.97 million, a PE ratio of 6.63 and a beta of 0.78. The company’s fifty day moving average is $9.39 and its 200 day moving average is $9.77. Medallion Financial Corp. has a 52 week low of $7.85 and a 52 week high of $11.00. The company has a quick ratio of 1.20, a current ratio of 1.21 and a debt-to-equity ratio of 0.42.

Medallion Financial (NASDAQ:MFIN) last released its quarterly earnings data on Wednesday, April 29th. The credit services provider reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 analysts’ expectations of $56.15 million. Research analysts anticipate that Medallion Financial Corp. will post 1.12 earnings per share for the current year.

Medallion Financial Increases Dividend

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

Medallion Financial Company 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.