De Lisle Partners LLP Increases Stock Holdings in Medallion Financial Corp. $MFIN

De Lisle Partners LLP boosted its stake in Medallion Financial Corp. (NASDAQ:MFIN) by 19.5% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 123,757 shares of the credit services provider’s stock after buying an additional 20,212 shares during the quarter. De Lisle Partners LLP’s holdings in Medallion Financial were worth $1,181,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of MFIN. Hsbc Holdings PLC bought a new stake in shares of Medallion Financial in the 1st quarter worth $161,000. Nuveen LLC bought a new stake in Medallion Financial in the 1st quarter worth about $164,000. Uniplan Investment Counsel Inc. purchased a new stake in Medallion Financial in the 1st quarter valued at about $483,000. Janney Montgomery Scott LLC lifted its position in shares of Medallion Financial by 4.6% during the 2nd quarter. Janney Montgomery Scott LLC now owns 69,116 shares of the credit services provider’s stock worth $659,000 after buying an additional 3,053 shares in the last quarter. Finally, Hillsdale Investment Management Inc. purchased a new position in shares of Medallion Financial in the 2nd quarter worth approximately $272,000. 40.56% of the stock is owned by hedge funds and other institutional investors.

Medallion Financial Price Performance

Shares of NASDAQ MFIN opened at $9.91 on Friday. The company has a current ratio of 1.20, a quick ratio of 1.17 and a debt-to-equity ratio of 0.38. The stock has a fifty day simple moving average of $9.91 and a two-hundred day simple moving average of $9.88. Medallion Financial Corp. has a 1-year low of $7.71 and a 1-year high of $10.98. The firm has a market cap of $230.69 million, a price-to-earnings ratio of 5.80 and a beta of 1.39.

Medallion Financial (NASDAQ:MFIN) last issued its earnings results on Wednesday, October 29th. The credit services provider reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.17. The firm had revenue of $55.69 million for the quarter, compared to analyst estimates of $53.76 million. Medallion Financial had a return on equity of 9.40% and a net margin of 12.12%. Analysts anticipate that Medallion Financial Corp. will post 1.46 earnings per share for the current year.

Medallion Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, November 24th. Shareholders of record on Wednesday, November 12th were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 4.8%. The ex-dividend date was Wednesday, November 12th. Medallion Financial’s dividend payout ratio (DPR) is currently 28.07%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on MFIN shares. Zacks Research raised Medallion Financial from a “hold” rating to a “strong-buy” rating in a report on Monday, November 3rd. Wall Street Zen downgraded Medallion Financial from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Medallion Financial in a research note on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, Medallion Financial presently has a consensus rating of “Buy” and a consensus price target of $12.00.

About Medallion Financial

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.