Rhumbline Advisers Has $365,000 Position in Regional Management Corp. $RM

Rhumbline Advisers decreased its holdings in shares of Regional Management Corp. (NYSE:RM) by 3.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,122 shares of the credit services provider’s stock after selling 420 shares during the period. Rhumbline Advisers owned 0.12% of Regional Management worth $365,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC boosted its position in shares of Regional Management by 37.8% during 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 purchasing an additional 2,885 shares in the last quarter. Exchange Traded Concepts LLC bought a new stake in shares of Regional Management during the 1st quarter valued at about $245,000. Acadian Asset Management LLC boosted its position in shares of Regional Management by 83.0% during the 1st quarter. Acadian Asset Management LLC now owns 155,885 shares of the credit services provider’s stock valued at $4,691,000 after purchasing an additional 70,721 shares in the last quarter. Millennium Management LLC boosted its holdings in Regional Management by 47.2% in the fourth quarter. Millennium Management LLC now owns 30,084 shares of the credit services provider’s stock worth $1,022,000 after acquiring an additional 9,643 shares in the last quarter. Finally, GAMMA Investing LLC boosted its holdings in Regional Management by 3,899.2% in the first quarter. GAMMA Investing LLC now owns 5,119 shares of the credit services provider’s stock worth $170,000 after acquiring an additional 4,991 shares in the last quarter. Institutional investors own 98.89% of the company’s stock.

Regional Management Stock Performance

Shares of Regional Management stock opened at $42.68 on Thursday. The company has a market cap of $418.26 million, a PE ratio of 12.30 and a beta of 1.22. Regional Management Corp. has a 52 week low of $25.41 and a 52 week high of $46.00. The business has a 50 day moving average price of $38.64 and a 200-day moving average price of $32.81. The company has a quick ratio of 45.13, a current ratio of 45.13 and a debt-to-equity ratio of 4.14.

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. The firm had revenue of $157.44 million during 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%. Equities analysts anticipate that Regional Management Corp. will post 4.7 earnings per share for the current fiscal year.

Regional Management Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Wednesday, August 20th were paid a $0.30 dividend. The ex-dividend date of this dividend was Wednesday, August 20th. This represents a $1.20 annualized dividend and a dividend yield of 2.8%. Regional Management’s dividend payout ratio is 34.58%.

Wall Street Analyst Weigh In

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

Insider Activity at Regional Management

In related news, CEO Robert William Beck sold 10,000 shares of the 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 completion of the sale, the chief executive officer directly owned 79,673 shares of the company’s stock, valued at approximately $2,831,578.42. This trade represents a 11.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 10.80% of the stock is currently owned by company insiders.

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.