Medallion Financial Corp. (NASDAQ:MFIN) is Tieton Capital Management LLC’s 8th Largest Position

Tieton Capital Management LLC increased its holdings in Medallion Financial Corp. (NASDAQ:MFIN) by 22.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 987,098 shares of the credit services provider’s stock after acquiring an additional 184,172 shares during the quarter. Medallion Financial comprises approximately 3.7% of Tieton Capital Management LLC’s portfolio, making the stock its 8th biggest position. Tieton Capital Management LLC owned 4.28% of Medallion Financial worth $9,269,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Segall Bryant & Hamill LLC bought a new position in Medallion Financial in the third quarter worth $1,025,000. Connor Clark & Lunn Investment Management Ltd. raised its holdings in Medallion Financial by 26.1% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 269,116 shares of the credit services provider’s stock worth $2,527,000 after purchasing an additional 55,639 shares in the last quarter. De Lisle Partners LLP raised its holdings in Medallion Financial by 26.5% in the third quarter. De Lisle Partners LLP now owns 103,545 shares of the credit services provider’s stock worth $842,000 after purchasing an additional 21,700 shares in the last quarter. Ritholtz Wealth Management raised its holdings in Medallion Financial by 56.3% in the fourth quarter. Ritholtz Wealth Management now owns 57,584 shares of the credit services provider’s stock worth $541,000 after purchasing an additional 20,747 shares in the last quarter. Finally, PDT Partners LLC bought a new position in Medallion Financial in the third quarter worth $165,000. Hedge funds and other institutional investors own 40.56% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Medallion Financial from a “hold” rating to a “buy” rating in a report on Wednesday, February 5th.

Medallion Financial Price Performance

NASDAQ MFIN opened at $8.80 on Monday. Medallion Financial Corp. has a one year low of $6.48 and a one year high of $10.50. The stock has a 50-day moving average of $8.78 and a 200 day moving average of $8.93. The company has a market capitalization of $204.71 million, a price-to-earnings ratio of 5.21 and a beta of 2.10. 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 (NASDAQ:MFIN) last released its quarterly earnings data on Tuesday, March 4th. The credit services provider reported $0.43 EPS for the quarter, topping the consensus estimate of $0.33 by $0.10. Medallion Financial had a return on equity of 9.52% and a net margin of 13.72%. The company had revenue of $53.10 million during the quarter, compared to the consensus estimate of $53.66 million. On average, sell-side analysts forecast that Medallion Financial Corp. will post 1.46 EPS for the current year.

Medallion Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be given a $0.11 dividend. The ex-dividend date of this dividend is Monday, March 17th. This represents a $0.44 annualized dividend and a yield of 5.00%. Medallion Financial’s payout ratio is 28.95%.

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.