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

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

A number of other large investors have also recently bought and sold shares of the business. State Street Corp boosted 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 worth $1,665,000 after purchasing an additional 1,333 shares during the period. BNP Paribas Financial Markets boosted its stake 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 purchasing an additional 1,656 shares during the period. Soltis Investment Advisors LLC lifted its stake in shares of Medallion Financial by 7.4% in the 3rd quarter. Soltis Investment Advisors LLC now owns 58,294 shares of the credit services provider’s stock worth $475,000 after acquiring an additional 4,002 shares during the period. Geode Capital Management LLC lifted its stake in shares of Medallion Financial by 2.4% in the 3rd quarter. Geode Capital Management LLC now owns 416,956 shares of the credit services provider’s stock worth $3,394,000 after acquiring an additional 9,849 shares during the period. Finally, Stifel Financial Corp lifted its stake 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. Institutional investors and hedge funds own 40.56% of the company’s stock.

Medallion Financial Stock Up 1.1 %

MFIN stock opened at $9.42 on Wednesday. Medallion Financial Corp. has a one year low of $6.48 and a one year high of $10.50. The stock has a market capitalization of $217.32 million, a PE ratio of 5.57 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. The company has a fifty day moving average of $9.54 and a 200-day moving average of $8.71.

Medallion Financial (NASDAQ:MFIN) last released its earnings results on Tuesday, October 29th. The credit services provider reported $0.37 EPS for the quarter, topping 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 analysts’ expectations of $52.88 million. During the same quarter last year, the business earned $0.48 EPS. As a group, analysts expect that Medallion Financial Corp. will post 1.46 EPS for the current year.

Medallion Financial Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Friday, November 15th were issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 4.67%. The ex-dividend date of this dividend was Friday, November 15th. This is an increase from Medallion Financial’s previous quarterly dividend of $0.10. Medallion Financial’s dividend payout ratio (DPR) is currently 26.04%.

Analysts Set New Price Targets

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

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.