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

Millennium Management LLC increased its holdings in Regional Management Corp. (NYSE:RM - Free Report) by 47.2% in the fourth quarter, according to its most recent 13F filing with the 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 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of RM. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Regional Management by 8.9% during 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 buying an additional 390 shares in the last quarter. Deutsche Bank AG raised its position in Regional Management by 147.2% in the fourth quarter. Deutsche Bank AG now owns 8,356 shares of the credit services provider's stock valued at $284,000 after purchasing an additional 4,976 shares during the period. D. E. Shaw & Co. Inc. lifted its position in shares of Regional Management by 13.5% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 34,304 shares of the credit services provider's stock worth $1,166,000 after purchasing an additional 4,074 shares during the last quarter. Bridgeway Capital Management LLC boosted its position in shares of Regional Management by 1.3% in the 4th quarter. Bridgeway Capital Management LLC now owns 100,191 shares of the credit services provider's stock valued at $3,404,000 after purchasing an additional 1,242 shares during the period. Finally, Bank of America Corp DE grew its position in Regional Management by 20.7% in the 4th quarter. Bank of America Corp DE now owns 11,193 shares of the credit services provider's stock valued at $380,000 after buying an additional 1,920 shares during the last quarter. Hedge funds and other institutional investors own 98.89% of the company's stock.

Regional Management Stock Up 1.4%

Shares of RM traded up $0.39 on Monday, hitting $27.83. The company's stock had a trading volume of 38,856 shares, compared to its average volume of 36,011. Regional Management Corp. has a fifty-two week low of $25.41 and a fifty-two week high of $37.52. The firm's fifty day moving average price is $29.27 and its 200-day moving average price is $31.89. The firm has a market capitalization of $276.09 million, a price-to-earnings ratio of 6.69 and a beta of 1.17. The company has a quick ratio of 44.42, a current ratio of 44.42 and a debt-to-equity ratio of 3.94.

Regional Management (NYSE:RM - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The credit services provider reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.03. The firm had revenue of $152.97 million during the quarter, compared to analysts' expectations of $153.59 million. Regional Management had a return on equity of 13.20% and a net margin of 7.01%. On average, equities research analysts expect that Regional Management Corp. will post 4.7 EPS for the current 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 given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.31%. The ex-dividend date is Wednesday, May 21st. Regional Management's payout ratio is 36.36%.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Keefe, Bruyette & Woods reduced their price target on Regional Management from $33.00 to $30.00 and set a "market perform" rating on the stock in a research note on Friday, May 2nd. Wall Street Zen downgraded Regional Management from a "strong-buy" rating to a "buy" rating in a report on Sunday, May 4th.

Insiders Place Their Bets

In other news, CEO Robert William Beck sold 1,665 shares of the company's stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $30.13, for a total value of $50,166.45. Following the sale, the chief executive officer now directly owns 100,008 shares of the company's stock, valued at $3,013,241.04. This represents a 1.64% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company 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.