Stifel Financial Corp Sells 29,535 Shares of Medallion Financial Corp. (NASDAQ:MFIN)

Stifel Financial Corp cut its stake in Medallion Financial Corp. (NASDAQ:MFIN - Free Report) by 10.8% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 243,414 shares of the credit services provider's stock after selling 29,535 shares during the quarter. Stifel Financial Corp owned about 1.06% of Medallion Financial worth $2,286,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Tieton Capital Management LLC grew its stake in Medallion Financial by 22.9% in the 4th quarter. Tieton Capital Management LLC now owns 987,098 shares of the credit services provider's stock worth $9,269,000 after buying an additional 184,172 shares in the last quarter. Geode Capital Management LLC raised its position in Medallion Financial by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 419,217 shares of the credit services provider's stock valued at $3,937,000 after purchasing an additional 2,261 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its stake 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 acquiring an additional 55,639 shares during the period. O Shaughnessy Asset Management LLC increased its position in shares of Medallion Financial by 37.3% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 132,143 shares of the credit services provider's stock valued at $1,241,000 after buying an additional 35,917 shares during the period. Finally, Arrowstreet Capital Limited Partnership bought a new position in shares of Medallion Financial in the 4th quarter worth approximately $877,000. 40.56% of the stock is currently owned by institutional investors.

Medallion Financial Stock Down 0.3 %

Shares of MFIN stock traded down $0.03 during mid-day trading on Friday, hitting $9.17. The company's stock had a trading volume of 47,496 shares, compared to its average volume of 69,355. Medallion Financial Corp. has a 52-week low of $6.48 and a 52-week high of $10.50. The business has a 50-day moving average price of $8.74 and a 200 day moving average price of $9.07. The stock has a market cap of $213.06 million, a price-to-earnings ratio of 5.43 and a beta of 1.29. 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 - Get Free Report) last posted its earnings results on Wednesday, April 30th. The credit services provider reported $0.50 EPS for the quarter, topping analysts' consensus estimates of $0.32 by $0.18. The business had revenue of $75.43 million during the quarter, compared to the consensus estimate of $51.73 million. Medallion Financial had a net margin of 13.72% and a return on equity of 9.52%. Research analysts predict that Medallion Financial Corp. will post 1.46 EPS for the current fiscal year.

Medallion Financial Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Thursday, May 15th will be given a $0.12 dividend. The ex-dividend date is Thursday, May 15th. This is an increase from Medallion Financial's previous quarterly dividend of $0.11. This represents a $0.48 annualized dividend and a yield of 5.23%. Medallion Financial's dividend payout ratio (DPR) is presently 30.00%.

Analyst Ratings Changes

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

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.