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

AJOVista LLC acquired a new stake in Medallion Financial Corp. (NASDAQ:MFIN) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 9,168 shares of the credit services provider’s stock, valued at approximately $90,000.

Several other institutional investors also recently bought and sold shares of the business. LSV Asset Management boosted its stake in shares of Medallion Financial by 2.5% in the third quarter. LSV Asset Management now owns 81,400 shares of the credit services provider’s stock worth $571,000 after acquiring an additional 2,000 shares during the last quarter. Barclays PLC acquired a new stake in shares of Medallion Financial in the third quarter worth approximately $57,000. Janney Montgomery Scott LLC boosted its stake in shares of Medallion Financial by 1.3% in the third quarter. Janney Montgomery Scott LLC now owns 94,804 shares of the credit services provider’s stock worth $666,000 after acquiring an additional 1,213 shares during the last quarter. PAX Financial Group LLC acquired a new stake in shares of Medallion Financial in the third quarter worth approximately $130,000. Finally, EAM Investors LLC acquired a new stake in shares of Medallion Financial in the third quarter worth approximately $125,000. 40.56% of the stock is owned by institutional investors and hedge funds.

Medallion Financial Trading Up 1.5 %

Medallion Financial stock traded up $0.12 during trading on Friday, reaching $7.97. 43,476 shares of the company were exchanged, compared to its average volume of 81,044. Medallion Financial Corp. has a 52-week low of $5.75 and a 52-week high of $10.49. The company has a market capitalization of $186.34 million, a P/E ratio of 3.76 and a beta of 2.08. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.20 and a quick ratio of 1.20. The stock’s 50 day simple moving average is $7.87 and its two-hundred day simple moving average is $8.71.

Medallion Financial (NASDAQ:MFIN) last announced its quarterly earnings data on Tuesday, February 20th. The credit services provider reported $0.60 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 company had revenue of $52.01 million for the quarter, compared to analysts’ expectations of $54.89 million. On average, equities research analysts expect that Medallion Financial Corp. will post 1.6 earnings per share for the current fiscal year.

Medallion Financial Announces Dividend

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

Analysts Set New Price Targets

Separately, StockNews.com raised Medallion Financial from a “hold” rating to a “buy” rating in a research note on Wednesday.

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.