Millennium Management LLC Boosts Stake in Regional Management Corp. (NYSE:RM)

Millennium Management LLC grew its position in shares of Regional Management Corp. (NYSE:RM - Free Report) by 47.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,084 shares of the credit services provider's stock after purchasing an additional 9,643 shares during the period. Millennium Management LLC owned approximately 0.30% of Regional Management worth $1,022,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. SG Americas Securities LLC raised its holdings in shares of Regional Management by 38.0% during the 4th quarter. SG Americas Securities LLC now owns 4,425 shares of the credit services provider's stock valued at $150,000 after buying an additional 1,218 shares in the last quarter. Empowered Funds LLC raised its stake in shares of Regional Management by 4.9% during the fourth quarter. Empowered Funds LLC now owns 43,691 shares of the credit services provider's stock worth $1,485,000 after acquiring an additional 2,042 shares in the last quarter. Proficio Capital Partners LLC bought a new stake in shares of Regional Management in the 4th quarter worth approximately $831,000. Pacific Global Investment Management Co. boosted its stake in shares of Regional Management by 9.8% in the 4th quarter. Pacific Global Investment Management Co. now owns 7,433 shares of the credit services provider's stock valued at $253,000 after purchasing an additional 665 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Regional Management by 2.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 50,359 shares of the credit services provider's stock valued at $1,711,000 after purchasing an additional 992 shares during the last quarter. Institutional investors own 98.89% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Keefe, Bruyette & Woods cut their price target on shares of Regional Management from $33.00 to $30.00 and set a "market perform" rating for the company in a research report on Friday, May 2nd. Wall Street Zen lowered Regional Management from a "strong-buy" rating to a "buy" rating in a research note on Sunday, May 4th.

Regional Management Trading Up 1.7%

Shares of NYSE RM traded up $0.47 during mid-day trading on Friday, hitting $27.45. The stock had a trading volume of 25,915 shares, compared to its average volume of 36,000. The business has a 50 day moving average price of $29.27 and a two-hundred day moving average price of $31.87. Regional Management Corp. has a 1 year low of $25.41 and a 1 year high of $37.52. The company has a debt-to-equity ratio of 3.94, a quick ratio of 44.42 and a current ratio of 44.42. The firm has a market cap of $272.35 million, a P/E ratio of 6.60 and a beta of 1.17.

Regional Management (NYSE:RM - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The credit services provider reported $0.70 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.67 by $0.03. The firm had revenue of $152.97 million for the quarter, compared to analysts' expectations of $153.59 million. Regional Management had a net margin of 7.01% and a return on equity of 13.20%. On average, equities analysts anticipate that Regional Management Corp. will post 4.7 EPS for the current fiscal year.

Regional Management Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 11th. Investors of record on Wednesday, May 21st will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, May 21st. This represents a $1.20 dividend on an annualized basis and a yield of 4.37%. Regional Management's dividend payout ratio is presently 36.36%.

Insider Buying and Selling at Regional Management

In other Regional Management news, CEO Robert William Beck sold 1,665 shares of the business's stock in a transaction on Monday, May 12th. The shares were sold at an average price of $30.13, for a total transaction of $50,166.45. Following the transaction, the chief executive officer now directly owns 100,008 shares of the company's stock, valued at approximately $3,013,241.04. The trade was a 1.64% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 10.80% of the stock is currently owned by corporate insiders.

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.