Cubist Systematic Strategies LLC Takes $271,000 Position in 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 bought 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 Form 13F filing with the Securities and Exchange Commission. The firm bought 8,985 shares of the credit services provider's stock, valued at approximately $271,000. Cubist Systematic Strategies LLC owned approximately 0.09% of Regional Management as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. 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 purchasing an additional 375 shares during the period. Trexquant Investment LP raised its holdings in shares of Regional Management by 78.1% in the 1st 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 period. Martingale Asset Management L P raised its holdings in shares of Regional Management by 35.7% in the 1st 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 period. American Century Companies Inc. raised its holdings in shares of Regional Management by 21.2% in the 1st 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 period. Finally, Nuveen LLC bought a new stake in shares of Regional Management in the 1st quarter worth approximately $884,000. Institutional investors own 98.89% of the company's stock.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised shares of 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 assigned a Hold rating to the company. Based on data from MarketBeat.com, Regional Management presently has a consensus rating of "Moderate Buy" and a consensus price target of $34.00.

Regional Management Stock Performance

Regional Management stock traded down $0.47 during mid-day trading on Friday, reaching $42.50. The company's stock had a trading volume of 27,870 shares, compared to its average volume of 43,866. Regional Management Corp. has a 12-month low of $25.41 and a 12-month high of $44.71. The company has a market capitalization of $416.50 million, a P/E ratio of 12.25 and a beta of 1.22. The company has a debt-to-equity ratio of 4.14, a quick ratio of 45.13 and a current ratio of 45.13. The firm's fifty day moving average price is $36.84 and its two-hundred day moving average price is $32.17.

Regional Management (NYSE:RM - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The credit services provider reported $1.03 earnings per share for the quarter, beating 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 business had revenue of $157.44 million during the quarter, compared to analyst estimates of $155.22 million. Sell-side analysts predict that Regional Management Corp. will post 4.7 EPS for the current fiscal year.

Regional Management Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Wednesday, August 20th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date was Wednesday, August 20th. Regional Management's payout ratio is currently 34.58%.

Insiders Place Their Bets

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. Corporate insiders own 10.80% of the company's stock.

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.