Medallion Financial Corp. (NASDAQ:MFIN – Get Free Report) declared a quarterly dividend on Wednesday, July 29th. Shareholders of record on Monday, August 17th will be given a dividend of 0.14 per share by the credit services provider on Monday, August 31st. This represents a c) dividend on an annualized basis and a yield of 5.6%. The ex-dividend date is Monday, August 17th.
Medallion Financial has a payout ratio of 34.4% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Medallion Financial to earn $1.41 per share next year, which means the company should continue to be able to cover its $0.56 annual dividend with an expected future payout ratio of 39.7%.
Medallion Financial Trading Up 0.1%
Shares of MFIN opened at $9.93 on Thursday. The company’s fifty day simple moving average is $9.82 and its 200-day simple moving average is $9.67. The company has a market cap of $229.48 million, a P/E ratio of 6.71 and a beta of 0.78. The company has a current ratio of 1.21, a quick ratio of 1.20 and a debt-to-equity ratio of 0.42. Medallion Financial has a twelve month low of $7.85 and a twelve month high of $11.00.
Institutional Investors Weigh In On Medallion Financial
A number of large investors have recently made changes to their positions in the stock. Sei Investments Co. boosted its position in shares of Medallion Financial by 124.0% during the first quarter. Sei Investments Co. now owns 490,972 shares of the credit services provider’s stock worth $4,203,000 after buying an additional 271,789 shares during the period. Geode Capital Management LLC boosted its holdings in Medallion Financial by 1.6% in the fourth quarter. Geode Capital Management LLC now owns 406,754 shares of the credit services provider’s stock valued at $4,186,000 after purchasing an additional 6,458 shares during the period. Uniplan Investment Counsel Inc. raised its position in Medallion Financial by 34.5% in the 4th quarter. Uniplan Investment Counsel Inc. now owns 340,123 shares of the credit services provider’s stock valued at $3,500,000 after purchasing an additional 87,321 shares in the last quarter. State Street Corp boosted its stake in shares of Medallion Financial by 1.0% in the 4th quarter. State Street Corp now owns 243,509 shares of the credit services provider’s stock valued at $2,506,000 after buying an additional 2,462 shares during the period. Finally, De Lisle Partners LLP grew its position in shares of Medallion Financial by 40.4% during the fourth quarter. De Lisle Partners LLP now owns 180,079 shares of the credit services provider’s stock worth $1,851,000 after buying an additional 51,822 shares in the last quarter. 40.56% of the stock is currently owned by hedge funds and other institutional investors.
Medallion Financial Company Profile
Medallion Financial Corporation is a specialty finance company that provides asset-based lending solutions to small and mid-sized businesses in the United States. The company’s core business activities include secured loans collateralized by business assets such as insurance premiums, commercial real estate, maritime assets and portfolio receivables. Through its insurance premium finance division, Medallion offers short-term loans that allow policyholders to spread insurance costs over multiple payments, while its portfolio financing arm provides funding against a borrower’s existing asset portfolios.
Founded in 1998 and headquartered in Minneapolis, Minnesota, Medallion Financial originally established itself in the taxi medallion lending market, extending loans secured by New York City cab medallions.
Further Reading
- Five stocks we like better than Medallion Financial
- Circle’s IBM Patent Deal Could Redraw the Stablecoin Infrastructure Race
- Survey Reveals: 62% of US Households Are Cutting Back on Protein as Grocery Prices Rise [2026]
- UnitedHealth Just Gave Wall Street a Clearer Turnaround Signal
- Why SK hynix Could Be the Best AI Chip Stock to Buy Now
Receive News & Ratings for Medallion Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Medallion Financial and related companies with MarketBeat.com's FREE daily email newsletter.
