Tieton Capital Management LLC Reduces Stake in Medallion Financial Corp. (NASDAQ:MFIN)

Tieton Capital Management LLC reduced its holdings in shares of Medallion Financial Corp. (NASDAQ:MFIN) by 0.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 933,411 shares of the credit services provider’s stock after selling 3,430 shares during the period. Medallion Financial accounts for about 4.4% of Tieton Capital Management LLC’s investment portfolio, making the stock its 8th largest holding. Tieton Capital Management LLC owned about 3.73% of Medallion Financial worth $8,270,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the stock. WINTON GROUP Ltd increased its position in Medallion Financial by 6.9% during the 2nd quarter. WINTON GROUP Ltd now owns 38,849 shares of the credit services provider’s stock valued at $344,000 after buying an additional 2,520 shares in the last quarter. Millennium Management LLC grew its stake in shares of Medallion Financial by 2.6% in the first quarter. Millennium Management LLC now owns 253,228 shares of the credit services provider’s stock worth $1,785,000 after acquiring an additional 6,470 shares during the last quarter. Morgan Stanley increased its holdings in shares of Medallion Financial by 32.7% during the first quarter. Morgan Stanley now owns 21,291 shares of the credit services provider’s stock valued at $151,000 after acquiring an additional 5,247 shares in the last quarter. Corsair Capital Management L.P. raised its position in shares of Medallion Financial by 102.1% in the 1st quarter. Corsair Capital Management L.P. now owns 52,594 shares of the credit services provider’s stock worth $371,000 after purchasing an additional 26,576 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in Medallion Financial by 2.4% in the 1st quarter. Geode Capital Management LLC now owns 146,409 shares of the credit services provider’s stock worth $1,032,000 after purchasing an additional 3,375 shares in the last quarter. 22.10% of the stock is currently owned by institutional investors and hedge funds.

Separately, Zacks Investment Research downgraded shares of Medallion Financial from a “buy” rating to a “hold” rating in a research note on Saturday, August 7th.

Shares of NASDAQ MFIN traded up $0.19 during trading on Tuesday, reaching $8.70. 15,442 shares of the company traded hands, compared to its average volume of 25,702. The firm has a 50 day simple moving average of $8.60 and a 200-day simple moving average of $8.38. Medallion Financial Corp. has a 52-week low of $2.31 and a 52-week high of $9.50. The stock has a market capitalization of $218.02 million, a PE ratio of 212.75 and a beta of 2.92. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.67.

Medallion Financial (NASDAQ:MFIN) last issued its earnings results on Sunday, August 1st. The credit services provider reported $0.41 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.29 by $0.12. The company had revenue of $37.26 million for the quarter, compared to analysts’ expectations of $35.20 million. Medallion Financial had a net margin of 0.99% and a return on equity of 0.50%. As a group, research analysts predict that Medallion Financial Corp. will post 1.3 EPS for the current year.

Medallion Financial Profile

Medallion Financial Corp. is a bank holding company, which through its subsidiaries, engages in the provision of consumer loans, raises deposits, and other banking activities. It operates through the following segments: Consumer Lending; Commercial Lending; Medallion Lending; RPAC Racing, LLC (RPAC); and Corporate and Other.

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Institutional Ownership by Quarter for Medallion Financial (NASDAQ:MFIN)

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