Charles Schwab Investment Management Inc. Buys 34,861 Shares of Regional Management Corp. $RM

Key Points

• Charles Schwab Investment Management Inc. boosted its stake in Regional Management Corp. by 69.2%, acquiring an additional 34,861 shares to hold a total of 85,220 shares.
• Regional Management has announced a quarterly dividend of $0.30 per share, with an annualized yield of 2.7%, to be paid to shareholders on September 10th.
• Regional Management's CEO, Robert William Beck, sold 10,000 shares recently, indicating a 11.15% decrease in their ownership of the stock.

Charles Schwab Investment Management Inc. grew its stake in Regional Management Corp. (NYSE:RM - Free Report) by 69.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 85,220 shares of the credit services provider's stock after acquiring an additional 34,861 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.85% of Regional Management worth $2,566,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of RM. US Bancorp DE acquired a new position in shares of Regional Management in the 1st quarter valued at approximately $31,000. Tower Research Capital LLC TRC grew its position in shares of 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 valued at $35,000 after purchasing an additional 339 shares during the period. BNP Paribas Financial Markets grew its position in shares of 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 valued at $73,000 after purchasing an additional 301 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Regional Management by 8.9% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,792 shares of the credit services provider's stock valued at $163,000 after purchasing an additional 390 shares during the period. Finally, GAMMA Investing LLC grew its position in shares of Regional Management by 3,899.2% in the 1st quarter. GAMMA Investing LLC now owns 5,119 shares of the credit services provider's stock valued at $170,000 after purchasing an additional 4,991 shares during the period. 98.89% of the stock is currently owned by institutional investors and hedge funds.

Regional Management Stock Down 2.6%

NYSE:RM traded down $1.16 during trading hours on Wednesday, reaching $42.69. 29,816 shares of the stock were exchanged, compared to its average volume of 47,533. Regional Management Corp. has a twelve month low of $25.41 and a twelve month high of $44.26. The company has a debt-to-equity ratio of 4.14, a current ratio of 45.13 and a quick ratio of 45.13. The firm has a 50 day moving average of $34.90 and a 200 day moving average of $31.71. The stock has a market cap of $418.31 million, a PE ratio of 12.31 and a beta of 1.22.

Regional Management (NYSE:RM - Get Free Report) last released its quarterly 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. 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%. On average, equities analysts expect that Regional Management Corp. will post 4.7 earnings per share for the current year.

Regional Management Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders 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 annualized dividend and a yield of 2.8%. Regional Management's dividend payout ratio (DPR) is presently 34.58%.

Insider Buying and Selling at Regional Management

In other news, major shareholder Fund L.P. Forager acquired 12,754 shares of the stock in a transaction on Tuesday, June 10th. The shares were purchased at an average price of $28.20 per share, for a total transaction of $359,662.80. Following the transaction, the insider directly owned 1,016,236 shares of the company's stock, valued at approximately $28,657,855.20. This represents a 1.27% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Robert William Beck sold 10,000 shares of the stock in a transaction on Monday, August 11th. The stock was sold at an average price of $35.54, for a total value 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. Insiders have acquired a total of 36,082 shares of company stock worth $1,022,745 in the last quarter. Company insiders own 10.50% of the company's stock.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded Regional Management from a "buy" rating to a "strong-buy" rating in a research 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 company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $34.00.

Regional Management Company 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.