Regional Management Corp. $RM Shares Purchased by Goldman Sachs Group Inc.

Key Points

• Goldman Sachs Group Inc. increased its holdings in Regional Management Corp. by 45.5%, acquiring an additional 60,744 shares to bring its total ownership to 194,374 shares valued at approximately $5.85 million.
• Regional Management recently announced a quarterly dividend of $0.30 per share, resulting in an annualized payout of $1.20 and a yield of 2.7%.
• Wall Street analysts have raised the stock rating of Regional Management from "buy" to "strong-buy", with a consensus price target currently set at $34.00.

Goldman Sachs Group Inc. raised its position in Regional Management Corp. (NYSE:RM - Free Report) by 45.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 194,374 shares of the credit services provider's stock after purchasing an additional 60,744 shares during the quarter. Goldman Sachs Group Inc. owned 1.96% of Regional Management worth $5,853,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of RM. US Bancorp DE purchased a new position in shares of Regional Management during the first quarter worth approximately $31,000. BNP Paribas Financial Markets increased its position in shares of Regional Management by 16.2% during the fourth quarter. BNP Paribas Financial Markets now owns 2,162 shares of the credit services provider's stock worth $73,000 after acquiring an additional 301 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Regional Management by 8.9% during 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 acquiring an additional 390 shares during the period. GAMMA Investing LLC increased its position in shares of Regional Management by 3,899.2% during the first quarter. GAMMA Investing LLC now owns 5,119 shares of the credit services provider's stock worth $170,000 after acquiring an additional 4,991 shares during the period. Finally, AQR Capital Management LLC bought a new position in shares of Regional Management during the first quarter valued at approximately $201,000. 98.89% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Regional Management

In other news, CEO Robert William Beck sold 10,000 shares of the company's 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 transaction, the chief executive officer directly owned 79,673 shares in the company, valued at approximately $2,831,578.42. This represents a 11.15% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 10.80% of the company's stock.

Regional Management Price Performance

Shares of RM stock traded down $1.64 on Friday, reaching $43.90. 142,303 shares of the company were exchanged, compared to its average volume of 45,095. The company has a market cap of $430.18 million, a price-to-earnings ratio of 12.65 and a beta of 1.22. Regional Management Corp. has a 1 year low of $25.41 and a 1 year high of $46.00. The business has a 50-day moving average price of $37.96 and a 200 day moving average price of $32.57. The company has a debt-to-equity ratio of 4.14, a quick ratio of 45.13 and a current ratio of 45.13.

Regional Management (NYSE:RM - Get Free Report) last posted 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 for 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%. 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 business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Wednesday, August 20th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 2.7%. The ex-dividend date was Wednesday, August 20th. Regional Management's dividend payout ratio is currently 34.58%.

Analyst Ratings Changes

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 equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price 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.