Barclays PLC Acquires 1,749 Shares of Regional Management Corp. (NYSE:RM)

Barclays PLC increased its holdings in shares of Regional Management Corp. (NYSE:RM) by 7.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 25,165 shares of the credit services provider’s stock after acquiring an additional 1,749 shares during the quarter. Barclays PLC owned about 0.25% of Regional Management worth $856,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in RM. JPMorgan Chase & Co. grew its position in shares of Regional Management by 15.6% in the third quarter. JPMorgan Chase & Co. now owns 4,233 shares of the credit services provider’s stock valued at $138,000 after purchasing an additional 572 shares during the last quarter. SG Americas Securities LLC lifted its holdings in shares of Regional Management by 38.0% during the fourth quarter. SG Americas Securities LLC now owns 4,425 shares of the credit services provider’s stock worth $150,000 after buying an additional 1,218 shares in the last quarter. Empowered Funds LLC boosted its position in shares of Regional Management by 4.9% in the fourth quarter. Empowered Funds LLC now owns 43,691 shares of the credit services provider’s stock valued at $1,485,000 after acquiring an additional 2,042 shares during the period. Proficio Capital Partners LLC bought a new stake in shares of Regional Management in the fourth quarter valued at about $831,000. Finally, Pacific Global Investment Management Co. grew its stake in shares of Regional Management by 9.8% in the fourth quarter. Pacific Global Investment Management Co. now owns 7,433 shares of the credit services provider’s stock valued at $253,000 after acquiring an additional 665 shares in the last quarter. Institutional investors own 98.89% of the company’s stock.

Regional Management Stock Up 3.6 %

NYSE RM opened at $28.45 on Wednesday. The business has a fifty day moving average price of $30.70 and a two-hundred day moving average price of $32.21. The stock has a market capitalization of $285.45 million, a PE ratio of 6.84 and a beta of 1.25. Regional Management Corp. has a fifty-two week low of $25.41 and a fifty-two week high of $37.52. The company has a debt-to-equity ratio of 3.94, a current ratio of 44.42 and a quick ratio of 44.42.

Regional Management (NYSE:RM) last released its quarterly earnings data on Wednesday, April 30th. The credit services provider reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.03. The business had revenue of $152.97 million for the quarter, compared to analyst estimates of $153.59 million. Regional Management had a return on equity of 13.20% and a net margin of 7.01%. Equities analysts expect that Regional Management Corp. will post 4.7 earnings per share for the current fiscal year.

Regional Management Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 11th. Shareholders of record on Wednesday, May 21st will be issued a $0.30 dividend. The ex-dividend date of this dividend is Wednesday, May 21st. This represents a $1.20 dividend on an annualized basis and a yield of 4.22%. Regional Management’s payout ratio is presently 36.36%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on RM shares. Keefe, Bruyette & Woods decreased their target price on shares of Regional Management from $33.00 to $30.00 and set a “market perform” rating on the stock in a research report on Friday, May 2nd. StockNews.com downgraded Regional Management from a “strong-buy” rating to a “buy” rating in a research report on Sunday.

Regional Management Company Profile

Regional Management Corp., a diversified consumer finance company, provides various installment loan products primarily to customers with limited access to consumer credit from banks, thrifts, credit card companies, and other lenders in the United States. It offers small and large installment loans; and retail loans to finance the purchase of furniture, appliances, and other retail products.