Dimensional Fund Advisors LP raised its holdings in shares of Mackinac Financial Corporation (NASDAQ:MFNC) by 0.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 349,404 shares of the financial services provider’s stock after purchasing an additional 796 shares during the quarter. Dimensional Fund Advisors LP owned 5.55% of Mackinac Financial Corporation worth $4,892,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the business. Context BH Capital Management LP lifted its position in Mackinac Financial Corporation by 1.1% during the second quarter. Context BH Capital Management LP now owns 26,448 shares of the financial services provider’s stock valued at $370,000 after purchasing an additional 300 shares during the last quarter. Alpine Woods Capital Investors LLC lifted its position in Mackinac Financial Corporation by 7.7% during the second quarter. Alpine Woods Capital Investors LLC now owns 14,000 shares of the financial services provider’s stock valued at $196,000 after purchasing an additional 1,000 shares during the last quarter. LSV Asset Management lifted its position in Mackinac Financial Corporation by 66.7% during the second quarter. LSV Asset Management now owns 7,500 shares of the financial services provider’s stock valued at $105,000 after purchasing an additional 3,000 shares during the last quarter. Naples Global Advisors LLC lifted its position in Mackinac Financial Corporation by 58.2% during the second quarter. Naples Global Advisors LLC now owns 16,450 shares of the financial services provider’s stock valued at $230,000 after purchasing an additional 6,050 shares during the last quarter. Finally, Kennedy Capital Management Inc. lifted its position in Mackinac Financial Corporation by 247.5% during the second quarter. Kennedy Capital Management Inc. now owns 104,833 shares of the financial services provider’s stock valued at $1,467,000 after purchasing an additional 74,668 shares during the last quarter. Institutional investors and hedge funds own 28.41% of the company’s stock.

Several equities analysts have commented on MFNC shares. TheStreet upgraded shares of Mackinac Financial Corporation from a “c+” rating to a “b-” rating in a research report on Friday, July 28th. ValuEngine upgraded shares of Mackinac Financial Corporation from a “hold” rating to a “buy” rating in a research report on Saturday, August 12th.

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Mackinac Financial Corporation (NASDAQ MFNC) opened at $15.92 on Thursday. Mackinac Financial Corporation has a 12-month low of $12.78 and a 12-month high of $16.80. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.05 and a current ratio of 1.05. The company has a market cap of $98.20, a price-to-earnings ratio of 13.33 and a beta of 0.62.

Mackinac Financial Corporation (NASDAQ:MFNC) last released its quarterly earnings data on Wednesday, November 1st. The financial services provider reported $0.33 EPS for the quarter. Mackinac Financial Corporation had a net margin of 15.17% and a return on equity of 9.06%. The business had revenue of $10.94 million during the quarter.

Mackinac Financial Corporation Profile

Mackinac Financial Corporation is a bank holding Company of mBank (the Bank). The Company, through the Bank, is engaged in the general commercial banking business. The Bank provides a range of loan and deposit products. These banking services include customary retail and commercial banking services, including checking and savings accounts, time deposits, interest bearing transaction accounts, safe deposit facilities, real estate mortgage lending, commercial lending, commercial and governmental lease financing, and direct and indirect consumer financing.

Institutional Ownership by Quarter for Mackinac Financial Corporation (NASDAQ:MFNC)

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