Cubist Systematic Strategies LLC Buys Shares of 8,985 Regional Management Corp. $RM

Key Points

• Cubist Systematic Strategies LLC has invested approximately $271,000 in Regional Management Corp. (NYSE:RM) by acquiring 8,985 shares during the first quarter.
• CEO Robert William Beck sold 10,000 shares of the company's stock for a total value of $355,400, decreasing his ownership by 11.15%.
• Regional Management's shares have been upgraded to a "strong-buy" rating by Wall Street Zen, with earnings per share topping analysts' estimates last quarter.

Cubist Systematic Strategies LLC acquired a new position in shares of Regional Management Corp. (NYSE:RM - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 8,985 shares of the credit services provider's stock, valued at approximately $271,000. Cubist Systematic Strategies LLC owned about 0.09% of Regional Management at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Royal Bank of Canada raised its holdings in shares of Regional Management by 2.4% in the 1st quarter. Royal Bank of Canada now owns 16,200 shares of the credit services provider's stock worth $487,000 after acquiring an additional 375 shares during the last quarter. Trexquant Investment LP raised its stake in shares of Regional Management by 78.1% in the first quarter. Trexquant Investment LP now owns 33,934 shares of the credit services provider's stock worth $1,022,000 after purchasing an additional 14,880 shares during the last quarter. Martingale Asset Management L P raised its stake in shares of Regional Management by 35.7% in the first quarter. Martingale Asset Management L P now owns 29,285 shares of the credit services provider's stock worth $882,000 after purchasing an additional 7,711 shares during the last quarter. American Century Companies Inc. raised its stake in shares of Regional Management by 21.2% in the first quarter. American Century Companies Inc. now owns 163,219 shares of the credit services provider's stock worth $4,915,000 after purchasing an additional 28,536 shares during the last quarter. Finally, Nuveen LLC purchased a new stake in shares of Regional Management in the first quarter worth approximately $884,000. Institutional investors and hedge funds own 98.89% of the company's stock.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised Regional Management from a "buy" rating to a "strong-buy" rating in a research report on Sunday, August 3rd. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $34.00.

Insider Activity

In related news, CEO Robert William Beck sold 10,000 shares of Regional Management stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $35.54, for a total value of $355,400.00. Following the completion of the transaction, the chief executive officer directly owned 79,673 shares in the company, valued at approximately $2,831,578.42. The trade was a 11.15% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 10.80% of the stock is currently owned by company insiders.

Regional Management Stock Performance

NYSE RM traded down $0.34 during trading hours on Wednesday, reaching $43.76. 49,603 shares of the company were exchanged, compared to its average volume of 42,435. The business's 50 day simple moving average is $37.49 and its 200-day simple moving average is $32.39. 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 Corp. has a 1 year low of $25.41 and a 1 year high of $44.97. The stock has a market capitalization of $428.82 million, a P/E ratio of 12.61 and a beta of 1.22.

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

Regional Management Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Wednesday, August 20th were given 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 2.7%. Regional Management's payout ratio is 34.58%.

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.