D. E. Shaw & Co. Inc. Increases Holdings in Regional Management Corp. (NYSE:RM)

D. E. Shaw & Co. Inc. lifted its holdings in Regional Management Corp. (NYSE:RM) by 13.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 34,304 shares of the credit services provider’s stock after acquiring an additional 4,074 shares during the period. D. E. Shaw & Co. Inc. owned 0.34% of Regional Management worth $1,166,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Twin Lions Management LLC purchased a new stake in Regional Management in the 4th quarter worth $11,157,000. Tieton Capital Management LLC increased its holdings in shares of Regional Management by 23.5% in the fourth quarter. Tieton Capital Management LLC now owns 255,251 shares of the credit services provider’s stock worth $8,673,000 after purchasing an additional 48,541 shares during the last quarter. Proficio Capital Partners LLC purchased a new stake in shares of Regional Management in the fourth quarter worth about $831,000. Renaissance Technologies LLC boosted its stake in Regional Management by 10.6% during the fourth quarter. Renaissance Technologies LLC now owns 228,937 shares of the credit services provider’s stock valued at $7,779,000 after buying an additional 21,990 shares during the last quarter. Finally, Northern Trust Corp grew its holdings in Regional Management by 9.9% during the 4th quarter. Northern Trust Corp now owns 91,061 shares of the credit services provider’s stock valued at $3,094,000 after buying an additional 8,189 shares in the last quarter. Hedge funds and other institutional investors own 98.89% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on RM shares. Wall Street Zen cut Regional Management from a “strong-buy” rating to a “buy” rating in a report on Sunday, May 4th. Keefe, Bruyette & Woods decreased their price target on shares of Regional Management from $33.00 to $30.00 and set a “market perform” rating on the stock in a research note on Friday, May 2nd.

Insiders Place Their Bets

In other Regional Management news, CEO Robert William Beck sold 1,665 shares of the firm’s stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $30.13, for a total value of $50,166.45. Following the completion of the sale, the chief executive officer now owns 100,008 shares of the company’s stock, valued at $3,013,241.04. This trade represents a 1.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 10.50% of the stock is owned by insiders.

Regional Management Trading Down 0.5%

RM opened at $26.31 on Friday. The stock has a 50-day moving average of $30.12 and a 200 day moving average of $32.11. The company has a current ratio of 44.42, a quick ratio of 44.42 and a debt-to-equity ratio of 3.94. Regional Management Corp. has a 12 month low of $25.41 and a 12 month high of $37.52. The firm has a market cap of $260.97 million, a P/E ratio of 6.32 and a beta of 1.25.

Regional Management (NYSE:RM) last posted its quarterly earnings data on Wednesday, April 30th. The credit services provider reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.03. The business had revenue of $152.97 million during 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%. As a group, research analysts forecast that Regional Management Corp. will post 4.7 EPS for the current year.

Regional Management Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 11th. Investors of record on Wednesday, May 21st will be given 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 4.56%. Regional Management’s dividend payout ratio is presently 36.36%.

About Regional Management

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.