Deutsche Bank AG Acquires Shares of 9,837 Medallion Financial Corp. (NASDAQ:MFIN)

Deutsche Bank AG bought a new stake in shares of Medallion Financial Corp. (NASDAQ:MFIN) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 9,837 shares of the credit services provider’s stock, valued at approximately $92,000.

Several other institutional investors also recently bought and sold shares of the company. Tieton Capital Management LLC boosted its holdings in shares of Medallion Financial by 22.9% during the 4th quarter. Tieton Capital Management LLC now owns 987,098 shares of the credit services provider’s stock worth $9,269,000 after purchasing an additional 184,172 shares during the last quarter. Arrowstreet Capital Limited Partnership purchased a new stake in Medallion Financial in the fourth quarter valued at approximately $877,000. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Medallion Financial by 26.1% during 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 worth $1,241,000 after acquiring an additional 35,917 shares during the period. Finally, WINTON GROUP Ltd purchased a new stake in shares of Medallion Financial during the fourth quarter worth $257,000. 40.56% of the stock is currently owned by institutional investors and hedge funds.

Medallion Financial Stock Performance

NASDAQ MFIN opened at $9.38 on Wednesday. Medallion Financial Corp. has a 1 year low of $6.48 and a 1 year high of $10.50. The company has a market capitalization of $217.95 million, a PE ratio of 5.55 and a beta of 1.29. The company has a fifty day moving average of $8.92 and a two-hundred day moving average of $9.05. 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 (NASDAQ:MFIN) last posted its quarterly earnings results on Wednesday, April 30th. The credit services provider reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.18. The firm had revenue of $75.43 million during the quarter, compared to analysts’ expectations of $51.73 million. Medallion Financial had a net margin of 13.72% and a return on equity of 9.52%. As a group, analysts expect that Medallion Financial Corp. will post 1.46 earnings per share for the current year.

Medallion Financial Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Thursday, May 15th were issued a $0.12 dividend. The ex-dividend date was Thursday, May 15th. This is a boost from Medallion Financial’s previous quarterly dividend of $0.11. This represents a $0.48 dividend on an annualized basis and a yield of 5.12%. Medallion Financial’s dividend payout ratio (DPR) is 30.00%.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised 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.