Martingale Asset Management L P Has $882,000 Stock Position 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 lifted its stake in Regional Management Corp. (NYSE:RM - Free Report) by 35.7% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund 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 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. US Bancorp DE bought a new position in shares of Regional Management in the 1st quarter worth $31,000. Tower Research Capital LLC TRC boosted its position 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 worth $35,000 after purchasing an additional 339 shares during the last quarter. BNP Paribas Financial Markets boosted its position 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 worth $73,000 after purchasing an additional 301 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in 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 in the last quarter. Finally, GAMMA Investing LLC lifted its holdings in 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 in the last quarter. 98.89% of the stock is currently owned by institutional investors.

Regional Management Stock Up 2.3%

Shares of RM traded up $0.99 during midday trading on Thursday, hitting $43.32. The stock had a trading volume of 47,518 shares, compared to its average volume of 47,724. The company has a 50 day simple moving average of $33.65 and a two-hundred day simple moving average of $31.53. Regional Management Corp. has a twelve month low of $25.41 and a twelve month high of $43.36. The firm has a market cap of $424.54 million, a price-to-earnings ratio of 12.48 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.

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 (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.31. Regional Management had a return on equity of 10.91% and a net margin of 5.68%.The firm had revenue of $157.44 million for the quarter, compared to the consensus estimate of $155.22 million. On average, analysts anticipate that Regional Management Corp. will post 4.7 EPS for the current year.

Regional Management Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Wednesday, August 20th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Wednesday, August 20th. This represents a $1.20 annualized dividend and a dividend yield of 2.8%. Regional Management's dividend payout ratio (DPR) is currently 34.58%.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Wall Street Zen upgraded Regional Management from a "buy" rating to a "strong-buy" rating in a report on Sunday, August 3rd. Keefe, Bruyette & Woods reduced their target price on Regional Management from $33.00 to $30.00 and set a "market perform" rating on the stock in a report on Friday, May 2nd. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $34.00.

Insider Activity

In related news, major shareholder Fund L.P. Forager bought 12,246 shares of the stock in a transaction that occurred on Thursday, June 12th. The shares were acquired at an average price of $29.05 per share, with a total value of $355,746.30. Following the completion of the transaction, the insider owned 1,052,715 shares in the company, valued at $30,581,370.75. The trade was a 1.18% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, 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 completion of the sale, 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 disclosure for this sale can be found here. Insiders acquired a total of 36,082 shares of company stock worth $1,022,745 in the last three months. Company insiders own 10.80% of the company's stock.

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.