Jacobs Levy Equity Management Inc. Acquires 23,065 Shares of 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. grew its holdings in shares of Regional Management Corp. (NYSE:RM - Free Report) by 60.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 61,042 shares of the credit services provider's stock after buying an additional 23,065 shares during the quarter. Jacobs Levy Equity Management Inc. owned 0.62% of Regional Management worth $1,838,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. US Bancorp DE acquired a new position in shares of Regional Management during the first quarter valued at about $31,000. Tower Research Capital LLC TRC grew its holdings in shares of Regional Management by 49.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,019 shares of the credit services provider's stock valued at $35,000 after buying an additional 339 shares during the last quarter. BNP Paribas Financial Markets grew its holdings 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 valued at $73,000 after buying an additional 301 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings 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 valued at $163,000 after buying an additional 390 shares during the last quarter. Finally, GAMMA Investing LLC grew its holdings 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 valued at $170,000 after buying an additional 4,991 shares during the last quarter. 98.89% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded 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 stock. According to data from MarketBeat.com, Regional Management currently has an average rating of "Moderate Buy" and a consensus target price of $34.00.

Regional Management Stock Down 1.1%

Regional Management stock traded down $0.47 during midday trading on Friday, hitting $42.50. 27,870 shares of the stock were exchanged, compared to its average volume of 43,866. Regional Management Corp. has a 52-week low of $25.41 and a 52-week high of $44.71. The stock has a market capitalization of $416.50 million, a price-to-earnings ratio of 12.25 and a beta of 1.22. The business's 50-day moving average price is $36.84 and its 200-day moving average price is $32.17. 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 (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 the consensus estimate 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 for the quarter, compared to analysts' expectations of $155.22 million. On average, research analysts expect that Regional Management Corp. will post 4.7 EPS for the current fiscal year.

Regional Management Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders 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 yield of 2.8%. Regional Management's payout ratio is currently 34.58%.

Insider Buying and Selling

In other Regional Management news, CEO Robert William Beck sold 10,000 shares of Regional Management stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $35.54, for a total value of $355,400.00. Following the sale, the chief executive officer owned 79,673 shares of the company's stock, valued at approximately $2,831,578.42. The trade was a 11.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 10.80% of the company's stock.

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.