Jane Street Group LLC Makes New Investment in Medallion Financial Corp. (NASDAQ:MFIN)

Jane Street Group LLC acquired a new stake in Medallion Financial Corp. (NASDAQ:MFIN) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor acquired 14,422 shares of the credit services provider’s stock, valued at approximately $117,000.

A number of other hedge funds have also modified their holdings of the stock. 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 valued at $39,000 after buying an additional 1,656 shares in the last quarter. PDT Partners LLC acquired a new stake in shares of Medallion Financial in the 3rd quarter valued at $165,000. Rhumbline Advisers grew its holdings in shares of Medallion Financial by 2,306.5% in the 2nd quarter. Rhumbline Advisers now owns 24,185 shares of the credit services provider’s stock worth $186,000 after purchasing an additional 23,180 shares during the last quarter. De Lisle Partners LLP increased its position in shares of Medallion Financial by 26.5% during the 3rd 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. Finally, Segall Bryant & Hamill LLC bought a new position in Medallion Financial during the 3rd quarter valued at about $1,025,000. 40.56% of the stock is owned by institutional investors and hedge funds.

Medallion Financial Trading Up 0.8 %

MFIN stock opened at $9.23 on Wednesday. The business has a fifty day moving average price of $9.58 and a 200 day moving average price of $8.68. 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 fifty-two week low of $6.48 and a fifty-two week high of $10.50. The stock has a market capitalization of $212.92 million, a price-to-earnings ratio of 5.46 and a beta of 2.09.

Medallion Financial (NASDAQ:MFIN) last announced its earnings results on Tuesday, October 29th. The credit services provider reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.01. The company had revenue of $77.00 million during the quarter, compared to analyst estimates of $52.88 million. Medallion Financial had a return on equity of 9.52% and a net margin of 13.72%. During the same period last year, the company posted $0.48 earnings per share. Analysts expect that Medallion Financial Corp. will post 1.48 EPS for the current fiscal year.

Medallion Financial Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Friday, November 15th were paid a $0.11 dividend. The ex-dividend date was Friday, November 15th. This is an increase from Medallion Financial’s previous quarterly dividend of $0.10. This represents a $0.44 dividend on an annualized basis and a dividend yield of 4.77%. Medallion Financial’s payout ratio is currently 26.04%.

Wall Street Analyst Weigh In

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

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.