29,359 Shares in Regional Management Corp. $RM Bought by Nuveen LLC

Nuveen LLC purchased a new position in shares of Regional Management Corp. (NYSE:RM) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 29,359 shares of the credit services provider’s stock, valued at approximately $884,000. Nuveen LLC owned approximately 0.30% of Regional Management at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Connor Clark & Lunn Investment Management Ltd. lifted its position in Regional Management by 21.3% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 35,136 shares of the credit services provider’s stock worth $1,058,000 after buying an additional 6,173 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Regional Management by 69.2% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 85,220 shares of the credit services provider’s stock valued at $2,566,000 after purchasing an additional 34,861 shares during the period. US Bancorp DE acquired a new position in Regional Management during the 1st quarter worth approximately $31,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Regional Management during the 1st quarter worth approximately $590,000. Finally, Allspring Global Investments Holdings LLC boosted its holdings in shares of Regional Management by 37.8% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 10,520 shares of the credit services provider’s stock valued at $321,000 after buying an additional 2,885 shares during the last quarter. Institutional investors and hedge funds own 98.89% of the company’s stock.

Insider Activity

In other Regional Management news, major shareholder Fund L.P. Forager acquired 12,754 shares of the stock in a transaction dated Tuesday, June 10th. The shares were acquired at an average cost of $28.20 per share, for a total transaction of $359,662.80. Following the completion of the transaction, the insider directly owned 1,016,236 shares of the company’s stock, valued at approximately $28,657,855.20. The trade was a 1.27% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Robert William Beck sold 10,000 shares of the business’s stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $35.54, for a total value of $355,400.00. Following the completion of the transaction, the chief executive officer owned 79,673 shares in the company, valued at $2,831,578.42. The trade was a 11.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders bought 36,082 shares of company stock worth $1,022,745 over the last 90 days. Company insiders own 10.50% of the company’s stock.

Regional Management Stock Up 0.2%

Regional Management stock opened at $43.95 on Wednesday. The company has a current ratio of 45.13, a quick ratio of 45.13 and a debt-to-equity ratio of 4.14. Regional Management Corp. has a 12 month low of $25.41 and a 12 month high of $44.27. The firm has a market cap of $430.66 million, a price-to-earnings ratio of 12.66 and a beta of 1.22. The stock has a fifty day simple moving average of $34.90 and a two-hundred day simple moving average of $31.71.

Regional Management (NYSE:RM) last issued its quarterly earnings data on Wednesday, July 30th. The credit services provider reported $1.03 EPS for the quarter, topping the consensus estimate of $0.72 by $0.31. Regional Management had a return on equity of 10.91% and a net margin of 5.68%.The company had revenue of $157.44 million during the quarter, compared to analyst estimates of $155.22 million. Equities analysts predict that Regional Management Corp. will post 4.7 EPS for the current fiscal year.

Regional Management Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Wednesday, August 20th will be given a dividend of $0.30 per share. The ex-dividend date is Wednesday, August 20th. This represents a $1.20 annualized dividend and a yield of 2.7%. Regional Management’s payout ratio is 34.58%.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded Regional Management from a “buy” rating to a “strong-buy” rating in a research note on Sunday, August 3rd. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $34.00.

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.