Jane Street Group LLC Purchases Shares of 14,422 Medallion Financial Corp. (NASDAQ:MFIN)

Jane Street Group LLC acquired a new position in Medallion Financial Corp. (NASDAQ:MFIN) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 14,422 shares of the credit services provider’s stock, valued at approximately $117,000. Jane Street Group LLC owned about 0.06% of Medallion Financial at the end of the most recent quarter.

Several other large investors have also modified their holdings of the company. BNP Paribas Financial Markets lifted its position in Medallion Financial by 52.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 4,820 shares of the credit services provider’s stock worth $39,000 after acquiring an additional 1,656 shares during the last quarter. PDT Partners LLC acquired a new position in shares of Medallion Financial during the 3rd quarter worth about $165,000. Rhumbline Advisers grew its holdings in Medallion Financial by 2,306.5% in the 2nd quarter. Rhumbline Advisers now owns 24,185 shares of the credit services provider’s stock valued at $186,000 after buying an additional 23,180 shares during the last quarter. De Lisle Partners LLP increased its position in Medallion Financial by 26.5% in the 3rd quarter. De Lisle Partners LLP now owns 103,545 shares of the credit services provider’s stock worth $842,000 after buying an additional 21,700 shares during the period. Finally, Segall Bryant & Hamill LLC bought a new position in Medallion Financial in the 3rd quarter worth approximately $1,025,000. 40.56% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of Medallion Financial from a “buy” rating to a “hold” rating in a research note on Friday, January 3rd.

Medallion Financial Stock Performance

NASDAQ:MFIN opened at $9.23 on Wednesday. The firm’s 50-day moving average is $9.58 and its 200-day moving average is $8.68. The company has a market cap of $212.92 million, a price-to-earnings ratio of 5.46 and a beta of 2.09. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.18 and a current ratio of 1.18. Medallion Financial Corp. has a 52-week low of $6.48 and a 52-week high of $10.50.

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

Medallion Financial Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Friday, November 15th were paid a dividend of $0.11 per share. The ex-dividend date was Friday, November 15th. This represents a $0.44 dividend on an annualized basis and a yield of 4.77%. This is an increase from Medallion Financial’s previous quarterly dividend of $0.10. Medallion Financial’s payout ratio is currently 26.04%.

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.