American Century Companies Inc. Raises Stock Position in Regional Management Corp. $RM

Key Points

• American Century Companies Inc. increased its holdings in Regional Management Corp. by 21.2% to own 163,219 shares worth approximately $4.92 million as of its latest SEC filing.
• Insider transactions included CEO Robert William Beck selling 10,000 shares for $355,400, reducing his ownership by 11.15%, while major shareholder Fund L.P. Forager increased its position by buying 12,246 shares.
• Regional Management Corp. reported a quarterly earnings per share (EPS) of $1.03, surpassing analysts' expectations of $0.72, and recently announced a quarterly dividend of $0.30 per share.

American Century Companies Inc. lifted its stake in Regional Management Corp. (NYSE:RM - Free Report) by 21.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 163,219 shares of the credit services provider's stock after buying an additional 28,536 shares during the period. American Century Companies Inc. owned approximately 1.65% of Regional Management worth $4,915,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of RM. US Bancorp DE purchased a new position in shares of Regional Management in the first quarter worth about $31,000. Tower Research Capital LLC TRC increased its holdings in shares of Regional Management by 49.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,019 shares of the credit services provider's stock worth $35,000 after buying an additional 339 shares during the period. BNP Paribas Financial Markets increased its holdings in shares of Regional Management by 16.2% in the fourth quarter. BNP Paribas Financial Markets now owns 2,162 shares of the credit services provider's stock worth $73,000 after buying an additional 301 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Regional Management by 8.9% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,792 shares of the credit services provider's stock worth $163,000 after buying an additional 390 shares during the period. Finally, GAMMA Investing LLC increased its holdings in shares of 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 buying an additional 4,991 shares during the period. Hedge funds and other institutional investors own 98.89% of the company's stock.

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 research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $34.00.

Insider Activity

In related news, major shareholder Fund L.P. Forager acquired 12,754 shares of the company's stock in a transaction on Tuesday, June 10th. The stock was acquired at an average price of $28.20 per share, with a total value of $359,662.80. Following the acquisition, the insider directly owned 1,016,236 shares of the company's stock, valued at approximately $28,657,855.20. This trade represents a 1.27% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, CEO Robert William Beck sold 10,000 shares of the stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $35.54, for a total transaction of $355,400.00. Following the completion of the transaction, the chief executive officer directly owned 79,673 shares of the company's stock, valued at approximately $2,831,578.42. The trade was a 11.15% decrease in their position. The disclosure for this sale can be found here. Insiders have acquired a total of 36,082 shares of company stock valued at $1,022,745 in the last three months. Insiders own 10.80% of the company's stock.

Regional Management Stock Up 2.6%

Shares of RM stock traded up $1.12 during trading hours on Thursday, hitting $43.94. 54,816 shares of the company's stock traded hands, compared to its average volume of 51,721. The stock's fifty day simple moving average is $35.47 and its two-hundred day simple moving average is $31.84. Regional Management Corp. has a 12-month low of $25.41 and a 12-month high of $44.26. The stock has a market cap of $430.57 million, a price-to-earnings ratio of 12.66 and a beta of 1.22. 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 - Get Free Report) last announced its quarterly earnings data 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. The company had revenue of $157.44 million during the quarter, compared to analyst estimates of $155.22 million. Regional Management had a net margin of 5.68% and a return on equity of 10.91%. On average, analysts expect that Regional Management Corp. will post 4.7 EPS for the current year.

Regional Management Dividend Announcement

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

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.