AJOVista LLC Buys Shares of 9,168 Medallion Financial Corp. (NASDAQ:MFIN)

AJOVista LLC bought a new stake in shares of Medallion Financial Corp. (NASDAQ:MFIN) during the fourth quarter, HoldingsChannel reports. The fund bought 9,168 shares of the credit services provider’s stock, valued at approximately $90,000.

Other large investors have also recently bought and sold shares of the company. Barclays PLC acquired a new stake in shares of Medallion Financial during the third quarter worth $57,000. O Shaughnessy Asset Management LLC boosted its holdings in shares of Medallion Financial by 37.8% during the third quarter. O Shaughnessy Asset Management LLC now owns 73,738 shares of the credit services provider’s stock worth $518,000 after purchasing an additional 20,218 shares during the last quarter. Citigroup Inc. acquired a new stake in shares of Medallion Financial during the third quarter worth $375,000. Ritholtz Wealth Management boosted its holdings in shares of Medallion Financial by 12.4% during the fourth quarter. Ritholtz Wealth Management now owns 37,663 shares of the credit services provider’s stock worth $371,000 after purchasing an additional 4,144 shares during the last quarter. Finally, Denali Advisors LLC boosted its holdings in shares of Medallion Financial by 85.8% during the fourth quarter. Denali Advisors LLC now owns 22,300 shares of the credit services provider’s stock worth $220,000 after purchasing an additional 10,300 shares during the last quarter. Institutional investors and hedge funds own 40.56% of the company’s stock.

Medallion Financial Trading Up 1.5 %

NASDAQ:MFIN traded up $0.12 on Friday, hitting $7.97. 43,476 shares of the stock were exchanged, compared to its average volume of 81,044. The stock has a fifty day moving average of $7.87 and a 200-day moving average of $8.71. The stock has a market cap of $186.34 million, a PE ratio of 3.76 and a beta of 2.08. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.57. Medallion Financial Corp. has a fifty-two week low of $5.75 and a fifty-two week high of $10.49.

Medallion Financial (NASDAQ:MFIN) last issued its earnings results on Tuesday, February 20th. The credit services provider reported $0.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.01). Medallion Financial had a return on equity of 12.47% and a net margin of 17.96%. The firm had revenue of $52.01 million for the quarter, compared to analysts’ expectations of $54.89 million. As a group, equities analysts expect that Medallion Financial Corp. will post 1.6 earnings per share for the current fiscal year.

Medallion Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Wednesday, May 15th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 5.02%. The ex-dividend date of this dividend is Tuesday, May 14th. Medallion Financial’s payout ratio is currently 18.87%.

Analyst Ratings Changes

Separately, StockNews.com upgraded Medallion Financial from a “hold” rating to a “buy” rating in a report on Wednesday.

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.