4,078 Shares in Regional Management Corp. (NYSE:RM) Purchased by SG Americas Securities LLC

SG Americas Securities LLC bought a new stake in shares of Regional Management Corp. (NYSE:RM) in the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 4,078 shares of the credit services provider’s stock, valued at approximately $102,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in RM. BlackRock Inc. increased its stake in shares of Regional Management by 5.4% during the 2nd quarter. BlackRock Inc. now owns 1,106,176 shares of the credit services provider’s stock worth $33,738,000 after purchasing an additional 56,424 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Regional Management by 1.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 776,815 shares of the credit services provider’s stock valued at $20,267,000 after buying an additional 13,304 shares during the last quarter. Vanguard Group Inc. increased its position in Regional Management by 3.6% during the third quarter. Vanguard Group Inc. now owns 441,388 shares of the credit services provider’s stock worth $12,377,000 after buying an additional 15,161 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Regional Management by 7.1% in the first quarter. Goldman Sachs Group Inc. now owns 161,199 shares of the credit services provider’s stock worth $7,829,000 after acquiring an additional 10,634 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of Regional Management by 1.6% in the second quarter. Geode Capital Management LLC now owns 159,155 shares of the credit services provider’s stock valued at $4,854,000 after acquiring an additional 2,537 shares in the last quarter. Institutional investors and hedge funds own 98.89% of the company’s stock.

Regional Management Price Performance

RM stock opened at $25.16 on Friday. The stock has a market capitalization of $248.33 million, a price-to-earnings ratio of 15.34 and a beta of 1.47. The company has a quick ratio of 41.16, a current ratio of 41.17 and a debt-to-equity ratio of 4.33. Regional Management Corp. has a 52-week low of $20.50 and a 52-week high of $34.60. The stock’s fifty day simple moving average is $23.74 and its 200-day simple moving average is $24.20.

Regional Management (NYSE:RM) last issued its quarterly earnings results on Wednesday, February 7th. The credit services provider reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.17. The firm had revenue of $141.66 million for the quarter, compared to analyst estimates of $140.68 million. Regional Management had a return on equity of 8.85% and a net margin of 2.89%. Equities research analysts expect that Regional Management Corp. will post 3.88 EPS for the current year.

Regional Management Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 14th. Shareholders of record on Thursday, February 22nd were issued a $0.30 dividend. The ex-dividend date of this dividend was Wednesday, February 21st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.77%. Regional Management’s dividend payout ratio (DPR) is presently 73.17%.

Insider Activity

In other news, Director Basswood Capital Management, L bought 4,287 shares of Regional Management stock in a transaction that occurred on Thursday, March 7th. The shares were purchased at an average price of $22.99 per share, for a total transaction of $98,558.13. Following the completion of the acquisition, the director now owns 470,895 shares of the company’s stock, valued at $10,825,876.05. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 9.80% of the company’s stock.

Analyst Ratings Changes

RM has been the subject of a number of recent research reports. StockNews.com upgraded Regional Management from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, April 2nd. Stephens reissued an “equal weight” rating and set a $30.00 price objective on shares of Regional Management in a research note on Thursday, February 8th.

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.