Martingale Asset Management L P Boosts Holdings in Regional Management Corp. $RM

Key Points

• Martingale Asset Management L P increased its shares in Regional Management Corp. by 35.7% in Q1, owning a total of 29,285 shares valued at approximately $882,000.
• Institutional investors now hold 98.89% of Regional Management's stock, indicating significant institutional interest in the company.
• Regional Management recently announced a quarterly dividend of $0.30 per share, representing a 3.0% dividend yield.

Martingale Asset Management L P increased its holdings in shares of Regional Management Corp. (NYSE:RM - Free Report) by 35.7% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 29,285 shares of the credit services provider's stock after purchasing an additional 7,711 shares during the period. Martingale Asset Management L P owned 0.30% of Regional Management worth $882,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. increased its holdings in shares of Regional Management by 69.2% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 85,220 shares of the credit services provider's stock valued at $2,566,000 after acquiring an additional 34,861 shares during the period. Nuveen LLC bought a new stake in Regional Management during the first quarter valued at about $884,000. American Century Companies Inc. grew its stake in 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 valued at $4,915,000 after purchasing an additional 28,536 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Regional Management in the first quarter worth about $590,000. Finally, Millennium Management LLC lifted its position in shares of Regional Management by 47.2% during the fourth quarter. Millennium Management LLC now owns 30,084 shares of the credit services provider's stock valued at $1,022,000 after buying an additional 9,643 shares during the last quarter. 98.89% of the stock is owned by hedge funds and other institutional investors.

Regional Management Stock Performance

RM traded up $0.57 on Friday, reaching $43.84. 41,849 shares of the stock were exchanged, compared to its average volume of 52,748. Regional Management Corp. has a fifty-two week low of $25.41 and a fifty-two week high of $43.91. The firm has a market capitalization of $429.58 million, a PE ratio of 12.63 and a beta of 1.25. The company has a debt-to-equity ratio of 4.14, a current ratio of 45.13 and a quick ratio of 45.13. The company's 50-day moving average price is $34.28 and its 200 day moving average price is $31.60.

Regional Management (NYSE:RM - Get Free Report) last issued 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 company had revenue of $157.44 million for the quarter, compared to the consensus estimate of $155.22 million. As a group, sell-side analysts forecast that Regional Management Corp. will post 4.7 EPS for the current fiscal year.

Regional Management Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Wednesday, August 20th will be issued 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 of this dividend is Wednesday, August 20th. Regional Management's dividend payout ratio (DPR) is 34.58%.

Insider Buying and Selling at Regional Management

In related 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 completion of the transaction, the chief executive officer directly owned 79,673 shares in the company, valued at $2,831,578.42. The trade was a 11.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder Fund L.P. Forager acquired 12,754 shares of Regional Management stock in a transaction on Tuesday, June 10th. The shares were bought at an average price of $28.20 per share, with a total value of $359,662.80. Following the purchase, the insider directly owned 1,016,236 shares in the company, valued at approximately $28,657,855.20. The trade was a 1.27% increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders have purchased 36,082 shares of company stock valued at $1,022,745. 10.80% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Keefe, Bruyette & Woods reduced their price objective on shares of Regional Management from $33.00 to $30.00 and set a "market perform" rating for the company in a research note on Friday, May 2nd. 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 issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $34.00.

Regional Management 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.