Jacobs Levy Equity Management Inc. Boosts Holdings in Regional Management Corp. $RM

Key Points

• Jacobs Levy Equity Management Inc. acquired an additional 23,065 shares of Regional Management Corp., increasing its stake by 60.7% to a total of 61,042 shares, valued at approximately $1.84 million.
• CEO Robert William Beck sold 10,000 shares at $35.54, resulting in an 11.15% decrease in his ownership of the company, maintaining a personal stake valued at over $2.83 million.
• Regional Management received an upgraded rating from Wall Street Zen, moving from "buy" to "strong-buy", with a current consensus price target of $34.00.

Jacobs Levy Equity Management Inc. increased its holdings in Regional Management Corp. (NYSE:RM - Free Report) by 60.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 61,042 shares of the credit services provider's stock after acquiring an additional 23,065 shares during the quarter. Jacobs Levy Equity Management Inc. owned approximately 0.62% of Regional Management worth $1,838,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. US Bancorp DE acquired a new position in shares of Regional Management in the 1st quarter valued at $31,000. Tower Research Capital LLC TRC increased its holdings 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 acquiring an additional 339 shares during the period. BNP Paribas Financial Markets increased its holdings 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 acquiring 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 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 acquiring 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 1st quarter. GAMMA Investing LLC now owns 5,119 shares of the credit services provider's stock valued at $170,000 after acquiring an additional 4,991 shares during the period. 98.89% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Regional Management

In other Regional Management news, CEO Robert William Beck sold 10,000 shares of the business's stock in a transaction on Monday, August 11th. The shares were sold at an average price of $35.54, for a total transaction of $355,400.00. Following the sale, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 10.50% of the company's stock.

Regional Management Stock Performance

RM traded up $0.09 during trading on Tuesday, hitting $44.01. The stock had a trading volume of 52,236 shares, compared to its average volume of 41,142. The firm has a market capitalization of $431.30 million, a P/E ratio of 12.68 and a beta of 1.22. Regional Management Corp. has a twelve month low of $25.41 and a twelve month high of $44.98. The company's 50-day moving average price is $37.27 and its 200 day moving average price is $32.32. 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 issued its earnings results on Wednesday, July 30th. The credit services provider reported $1.03 EPS for the quarter, topping the consensus estimate of $0.72 by $0.31. The company 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%. On average, equities research analysts forecast that Regional Management Corp. will post 4.7 EPS for the current fiscal year.

Regional Management Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Wednesday, August 20th were given 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 was Wednesday, August 20th. Regional Management's payout ratio is presently 34.58%.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised shares of Regional Management from a "buy" rating to a "strong-buy" rating in a research note on Sunday, August 3rd. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock 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.