Medallion Financial Corp. (NASDAQ:MFIN) Shares Sold by Quadrature Capital Ltd

Quadrature Capital Ltd reduced its position in shares of Medallion Financial Corp. (NASDAQ:MFIN) by 77.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,507 shares of the credit services provider’s stock after selling 45,854 shares during the period. Quadrature Capital Ltd owned approximately 0.06% of Medallion Financial worth $133,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MFIN. Barclays PLC bought a new stake in shares of Medallion Financial in the 3rd quarter worth approximately $57,000. AJOVista LLC bought a new position in shares of Medallion Financial in the fourth quarter valued at $90,000. Jump Financial LLC acquired a new stake in shares of Medallion Financial during the 4th quarter valued at $161,000. Denali Advisors LLC boosted its stake in shares of Medallion Financial by 85.8% during the 4th quarter. Denali Advisors LLC now owns 22,300 shares of the credit services provider’s stock worth $220,000 after acquiring an additional 10,300 shares in the last quarter. Finally, Corton Capital Inc. grew its holdings in shares of Medallion Financial by 10.8% in the 3rd quarter. Corton Capital Inc. now owns 26,100 shares of the credit services provider’s stock worth $183,000 after acquiring an additional 2,543 shares during the last quarter. 40.56% of the stock is currently owned by institutional investors.

Medallion Financial Stock Up 8.9 %

Shares of NASDAQ:MFIN opened at $7.68 on Friday. The firm has a 50 day simple moving average of $7.93 and a 200 day simple moving average of $8.58. Medallion Financial Corp. has a 52 week low of $6.28 and a 52 week high of $10.49. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.20 and a current ratio of 1.20. The company has a market cap of $179.56 million, a PE ratio of 3.62 and a beta of 2.13.

Medallion Financial (NASDAQ:MFIN) last released its earnings results on Tuesday, April 30th. The credit services provider reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.07. Medallion Financial had a return on equity of 12.32% and a net margin of 17.96%. The company had revenue of $53.32 million during the quarter, compared to analyst estimates of $50.36 million. As a group, research analysts expect that Medallion Financial Corp. will post 1.53 earnings per share for the current year.

Medallion Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 31st. Shareholders of record on Wednesday, May 15th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Tuesday, May 14th. This represents a $0.40 annualized dividend and a yield of 5.21%. Medallion Financial’s dividend payout ratio (DPR) is presently 18.87%.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Medallion Financial from a “hold” rating to a “buy” rating in a research report on Wednesday, May 1st.

Medallion Financial 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.