Medallion Financial Corp. (NASDAQ:MFIN) Shares Acquired by Barclays PLC

Barclays PLC increased its position in Medallion Financial Corp. (NASDAQ:MFIN) by 297.6% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 26,063 shares of the credit services provider’s stock after acquiring an additional 19,508 shares during the period. Barclays PLC owned approximately 0.11% of Medallion Financial worth $213,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Stifel Financial Corp increased its holdings in shares of Medallion Financial by 4.2% in the 3rd quarter. Stifel Financial Corp now owns 272,949 shares of the credit services provider’s stock worth $2,222,000 after acquiring an additional 10,974 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its stake in Medallion Financial by 32.2% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 213,477 shares of the credit services provider’s stock valued at $1,738,000 after buying an additional 51,941 shares during the period. State Street Corp increased its stake in Medallion Financial by 0.7% during the 3rd quarter. State Street Corp now owns 204,558 shares of the credit services provider’s stock valued at $1,665,000 after buying an additional 1,333 shares during the period. American Century Companies Inc. increased its stake in Medallion Financial by 30.6% during the 2nd quarter. American Century Companies Inc. now owns 187,408 shares of the credit services provider’s stock valued at $1,439,000 after buying an additional 43,917 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in Medallion Financial by 60.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 140,794 shares of the credit services provider’s stock valued at $1,081,000 after buying an additional 52,857 shares during the period. Institutional investors and hedge funds own 40.56% of the company’s stock.

Medallion Financial Stock Performance

NASDAQ:MFIN opened at $9.37 on Tuesday. Medallion Financial Corp. has a twelve month low of $6.48 and a twelve month high of $10.50. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.54. The company has a 50-day moving average of $9.61 and a 200-day moving average of $8.59. The firm has a market cap of $216.15 million, a price-to-earnings ratio of 5.54 and a beta of 2.09.

Medallion Financial (NASDAQ:MFIN) last posted its quarterly earnings data on Tuesday, October 29th. The credit services provider reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.01. Medallion Financial had a net margin of 13.72% and a return on equity of 9.52%. The company had revenue of $77.00 million during the quarter, compared to analyst estimates of $52.88 million. During the same quarter last year, the firm posted $0.48 EPS. Analysts forecast that Medallion Financial Corp. will post 1.48 earnings per share for the current fiscal year.

Medallion Financial Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Friday, November 15th were issued a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 4.70%. This is a boost from Medallion Financial’s previous quarterly dividend of $0.10. The ex-dividend date was Friday, November 15th. Medallion Financial’s dividend payout ratio (DPR) is presently 26.04%.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of Medallion Financial from a “buy” rating to a “hold” rating in a research note on Friday.

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.