Deutsche Bank AG Has $58,000 Position in Medallion Financial Corp. $MFIN

Deutsche Bank AG lowered its holdings in Medallion Financial Corp. (NASDAQ:MFIN) by 32.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,639 shares of the credit services provider’s stock after selling 3,198 shares during the quarter. Deutsche Bank AG’s holdings in Medallion Financial were worth $58,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MFIN. Northern Trust Corp boosted its holdings in Medallion Financial by 4.6% during the fourth quarter. Northern Trust Corp now owns 148,666 shares of the credit services provider’s stock valued at $1,396,000 after purchasing an additional 6,553 shares in the last quarter. Bridgeway Capital Management LLC grew its position in Medallion Financial by 5.8% in the fourth quarter. Bridgeway Capital Management LLC now owns 134,584 shares of the credit services provider’s stock valued at $1,264,000 after acquiring an additional 7,421 shares during the period. Bank of New York Mellon Corp raised its stake in Medallion Financial by 1.0% during the first quarter. Bank of New York Mellon Corp now owns 126,625 shares of the credit services provider’s stock worth $1,103,000 after acquiring an additional 1,258 shares in the last quarter. Two Sigma Advisers LP lifted its holdings in shares of Medallion Financial by 4.1% during the fourth quarter. Two Sigma Advisers LP now owns 125,100 shares of the credit services provider’s stock valued at $1,175,000 after acquiring an additional 4,900 shares during the period. Finally, Two Sigma Investments LP boosted its stake in shares of Medallion Financial by 7.9% in the 4th quarter. Two Sigma Investments LP now owns 98,797 shares of the credit services provider’s stock valued at $928,000 after purchasing an additional 7,242 shares in the last quarter. Institutional investors own 40.56% of the company’s stock.

Wall Street Analyst Weigh In

MFIN has been the subject of a number of recent analyst reports. Wall Street Zen cut shares of Medallion Financial from a “strong-buy” rating to a “buy” rating in a research report on Monday, August 11th. LADENBURG THALM/SH SH raised shares of Medallion Financial from a “neutral” rating to a “buy” rating and set a $12.00 price objective for the company in a report on Thursday, July 31st. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Medallion Financial currently has a consensus rating of “Buy” and an average target price of $12.00.

Medallion Financial Stock Down 0.1%

NASDAQ MFIN opened at $10.56 on Tuesday. The stock has a market capitalization of $245.52 million, a P/E ratio of 6.00 and a beta of 1.42. Medallion Financial Corp. has a 52 week low of $7.39 and a 52 week high of $10.98. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.17 and a current ratio of 1.20. The stock has a fifty day moving average of $9.97 and a 200-day moving average of $9.25.

Medallion Financial (NASDAQ:MFIN) last posted its quarterly earnings results on Wednesday, July 30th. The credit services provider reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.16. The business had revenue of $53.37 million for the quarter, compared to analysts’ expectations of $52.07 million. Medallion Financial had a return on equity of 9.04% and a net margin of 12.62%. On average, equities research analysts forecast that Medallion Financial Corp. will post 1.46 EPS for the current year.

Medallion Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Friday, August 15th were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 4.5%. The ex-dividend date was Friday, August 15th. Medallion Financial’s dividend payout ratio is currently 27.27%.

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.