Hsbc Holdings PLC Has $232,000 Stake in Regional Management Corp. $RM

Hsbc Holdings PLC trimmed its stake in Regional Management Corp. (NYSE:RM) by 21.1% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 7,747 shares of the credit services provider’s stock after selling 2,069 shares during the period. Hsbc Holdings PLC owned 0.08% of Regional Management worth $232,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in RM. Wells Fargo & Company MN lifted its holdings in Regional Management by 40.1% in the 4th quarter. Wells Fargo & Company MN now owns 5,575 shares of the credit services provider’s stock worth $189,000 after purchasing an additional 1,597 shares during the last quarter. Tower Research Capital LLC TRC lifted its holdings in Regional Management by 49.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,019 shares of the credit services provider’s stock worth $35,000 after purchasing an additional 339 shares during the last quarter. Northern Trust Corp lifted its holdings in Regional Management by 9.9% in the 4th quarter. Northern Trust Corp now owns 91,061 shares of the credit services provider’s stock worth $3,094,000 after purchasing an additional 8,189 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in Regional Management by 31.5% in the 4th quarter. Ameriprise Financial Inc. now owns 9,104 shares of the credit services provider’s stock worth $309,000 after purchasing an additional 2,180 shares during the last quarter. Finally, BNP Paribas Financial Markets lifted its holdings in Regional Management by 16.2% in the 4th quarter. BNP Paribas Financial Markets now owns 2,162 shares of the credit services provider’s stock worth $73,000 after purchasing an additional 301 shares during the last quarter. 98.89% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Regional Management Stock Performance

Shares of NYSE RM opened at $43.07 on Friday. The company has a quick ratio of 45.13, a current ratio of 45.13 and a debt-to-equity ratio of 4.14. The business’s 50 day moving average is $35.75 and its two-hundred day moving average is $31.89. The company has a market cap of $422.04 million, a P/E ratio of 12.41 and a beta of 1.22. Regional Management Corp. has a 12 month low of $25.41 and a 12 month high of $44.71.

Regional Management (NYSE:RM) last issued its quarterly earnings results 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. The company had revenue of $157.44 million for the quarter, compared to the consensus estimate of $155.22 million. Regional Management had a return on equity of 10.91% and a net margin of 5.68%. On average, equities analysts expect that Regional Management Corp. will post 4.7 EPS for the current year.

Regional Management Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders 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 dividend on an annualized basis and a dividend yield of 2.8%. Regional Management’s payout ratio is currently 34.58%.

Insider Buying and Selling

In other news, CEO Robert William Beck sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $35.54, for a total transaction of $355,400.00. Following the sale, the chief executive officer directly owned 79,673 shares in the company, valued at approximately $2,831,578.42. The trade was a 11.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, major shareholder Fund L.P. Forager acquired 12,246 shares of the stock in a transaction dated Thursday, June 12th. The shares were purchased at an average price of $29.05 per share, for a total transaction of $355,746.30. Following the completion of the transaction, the insider owned 1,052,715 shares of the company’s stock, valued at $30,581,370.75. This trade represents a 1.18% increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders have bought 36,082 shares of company stock worth $1,022,745. 10.80% of the stock is currently owned by company insiders.

Regional Management 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.