Medallion Financial Corp. (NASDAQ:MFIN) Shares Sold by Soltis Investment Advisors LLC

Soltis Investment Advisors LLC trimmed its holdings in Medallion Financial Corp. (NASDAQ:MFIN) by 8.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 53,294 shares of the credit services provider’s stock after selling 5,000 shares during the period. Soltis Investment Advisors LLC owned 0.23% of Medallion Financial worth $500,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. BNP Paribas Financial Markets boosted its stake in Medallion Financial by 52.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 4,820 shares of the credit services provider’s stock worth $39,000 after buying an additional 1,656 shares during the last quarter. Jane Street Group LLC acquired a new position in shares of Medallion Financial in the 3rd quarter valued at about $117,000. PDT Partners LLC acquired a new position in shares of Medallion Financial in the 3rd quarter valued at about $165,000. Barclays PLC lifted its stake in shares of Medallion Financial by 297.6% in the 3rd quarter. Barclays PLC now owns 26,063 shares of the credit services provider’s stock valued at $213,000 after purchasing an additional 19,508 shares in the last quarter. Finally, Empowered Funds LLC lifted its stake in shares of Medallion Financial by 56.1% in the 4th quarter. Empowered Funds LLC now owns 25,381 shares of the credit services provider’s stock valued at $238,000 after purchasing an additional 9,121 shares in the last quarter. 40.56% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Medallion Financial Stock Performance

NASDAQ MFIN opened at $8.71 on Tuesday. The business’s 50-day simple moving average is $9.41 and its 200-day simple moving average is $8.81. The firm has a market capitalization of $200.94 million, a P/E ratio of 5.15 and a beta of 2.07. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.18 and a quick ratio of 1.18. Medallion Financial Corp. has a 1-year low of $6.48 and a 1-year high of $10.50.

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.