Ridgewood Investments LLC Purchases Shares of 5,000 Medallion Financial Corp. (NASDAQ:MFIN)

Ridgewood Investments LLC bought a new position in Medallion Financial Corp. (NASDAQ:MFIN) during the 2nd quarter, Holdings Channel reports. The fund bought 5,000 shares of the credit services provider’s stock, valued at approximately $38,000.

Several other large investors have also recently made changes to their positions in the company. O Shaughnessy Asset Management LLC increased its holdings in shares of Medallion Financial by 3.3% in the first quarter. O Shaughnessy Asset Management LLC now owns 98,279 shares of the credit services provider’s stock worth $777,000 after purchasing an additional 3,125 shares during the last quarter. AJOVista LLC purchased a new position in Medallion Financial in the fourth quarter worth about $90,000. Jump Financial LLC purchased a new position in Medallion Financial in the fourth quarter worth about $161,000. Fortis Capital Advisors LLC purchased a new position in Medallion Financial in the first quarter worth about $169,000. Finally, Denali Advisors LLC grew its position in Medallion Financial by 100.4% in the first quarter. Denali Advisors LLC now owns 44,700 shares of the credit services provider’s stock worth $354,000 after acquiring an additional 22,400 shares in the last quarter. 40.56% of the stock is owned by institutional investors.

Medallion Financial Trading Down 0.9 %

MFIN traded down $0.07 on Friday, hitting $8.00. The company had a trading volume of 12,931 shares, compared to its average volume of 102,456. The company has a market cap of $185.36 million, a PE ratio of 3.81 and a beta of 2.17. Medallion Financial Corp. has a 12-month low of $6.28 and a 12-month high of $10.14. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.55. The business’s fifty day simple moving average is $7.92 and its 200 day simple moving average is $8.02.

Medallion Financial (NASDAQ:MFIN) last announced its earnings results on Tuesday, July 30th. The credit services provider reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.03). Medallion Financial had a net margin of 14.97% and a return on equity of 10.35%. The business had revenue of $71.80 million for the quarter, compared to analysts’ expectations of $50.39 million. During the same quarter last year, the firm earned $0.62 EPS. Equities research analysts expect that Medallion Financial Corp. will post 1.48 EPS for the current year.

Medallion Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Thursday, August 15th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $0.40 annualized dividend and a dividend yield of 5.00%. Medallion Financial’s dividend payout ratio (DPR) is presently 18.87%.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered Medallion Financial from a “buy” rating to a “hold” rating in a research report on Friday, August 9th.

About Medallion Financial

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.