Nuveen LLC Invests $884,000 in Regional Management Corp. $RM

Nuveen LLC acquired a new position in shares of Regional Management Corp. (NYSE:RM - Free Report) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 29,359 shares of the credit services provider's stock, valued at approximately $884,000. Nuveen LLC owned 0.30% of Regional Management as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. grew its position in Regional Management by 69.2% in the first 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 in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Regional Management in the 1st quarter valued at about $590,000. Millennium Management LLC grew its position in shares of Regional Management by 47.2% in the 4th quarter. Millennium Management LLC now owns 30,084 shares of the credit services provider's stock valued at $1,022,000 after acquiring an additional 9,643 shares during the period. Northern Trust Corp lifted its stake in shares of Regional Management by 9.9% during the 4th quarter. Northern Trust Corp now owns 91,061 shares of the credit services provider's stock worth $3,094,000 after buying an additional 8,189 shares during the last quarter. Finally, Exchange Traded Concepts LLC acquired a new stake in shares of Regional Management during the 1st quarter worth about $245,000. Institutional investors own 98.89% of the company's stock.

Regional Management Trading Down 1.7%

RM traded down $0.74 during trading on Friday, reaching $43.07. 29,267 shares of the company's stock were exchanged, compared to its average volume of 52,440. Regional Management Corp. has a one year low of $25.41 and a one year high of $44.71. The company has a current ratio of 45.13, a quick ratio of 45.13 and a debt-to-equity ratio of 4.14. The stock has a market capitalization of $422.04 million, a PE ratio of 12.41 and a beta of 1.22. The firm has a fifty day moving average price of $35.75 and a two-hundred day moving average price of $31.83.

Regional Management (NYSE:RM - Get Free Report) last posted its earnings results on Wednesday, July 30th. The credit services provider reported $1.03 earnings per share for the quarter, topping analysts' consensus estimates of $0.72 by $0.31. Regional Management had a net margin of 5.68% and a return on equity of 10.91%. The firm had revenue of $157.44 million for the quarter, compared to analyst estimates of $155.22 million. As a group, equities research analysts forecast that Regional Management Corp. will post 4.7 earnings per share for the current fiscal year.

Regional Management Dividend Announcement

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 paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend is Wednesday, August 20th. Regional Management's dividend payout ratio is currently 34.58%.

Insiders Place Their Bets

In other news, major shareholder Fund L.P. Forager acquired 12,246 shares of Regional Management stock in a transaction dated Thursday, June 12th. The shares were bought at an average cost of $29.05 per share, with a total value of $355,746.30. Following the purchase, the insider owned 1,052,715 shares in the company, valued at $30,581,370.75. This trade represents a 1.18% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Robert William Beck sold 10,000 shares of the business's stock in a transaction on Monday, August 11th. The shares were sold at an average price of $35.54, for a total transaction of $355,400.00. Following 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 position. The disclosure for this sale can be found here. Over the last ninety days, insiders bought 36,082 shares of company stock worth $1,022,745. Insiders own 10.50% of the company's stock.

Wall Street Analyst Weigh In

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

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.