Regional Management Corp. (NYSE:RM) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP cut its position in Regional Management Corp. (NYSE:RM - Free Report) by 9.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 303,515 shares of the credit services provider's stock after selling 30,400 shares during the quarter. Wellington Management Group LLP owned approximately 3.09% of Regional Management worth $10,313,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Tower Research Capital LLC TRC grew its stake in Regional Management by 49.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,019 shares of the credit services provider's stock worth $35,000 after buying an additional 339 shares during the last quarter. BNP Paribas Financial Markets raised its stake in Regional Management by 16.2% in 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. JPMorgan Chase & Co. boosted its holdings in Regional Management by 15.6% in the third quarter. JPMorgan Chase & Co. now owns 4,233 shares of the credit services provider's stock worth $138,000 after acquiring an additional 572 shares in the last quarter. SG Americas Securities LLC grew its stake in shares of Regional Management by 38.0% during the fourth quarter. SG Americas Securities LLC now owns 4,425 shares of the credit services provider's stock worth $150,000 after acquiring an additional 1,218 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased 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 acquiring an additional 390 shares in the last quarter. 98.89% of the stock is owned by hedge funds and other institutional investors.

Regional Management Stock Performance

Shares of RM stock traded up $0.17 during mid-day trading on Thursday, reaching $27.02. The stock had a trading volume of 46,831 shares, compared to its average volume of 35,778. Regional Management Corp. has a 1-year low of $25.41 and a 1-year high of $37.52. The firm has a market cap of $268.07 million, a price-to-earnings ratio of 6.50 and a beta of 1.25. The company has a current ratio of 44.42, a quick ratio of 44.42 and a debt-to-equity ratio of 3.94. The business's fifty day moving average is $29.39 and its 200-day moving average is $31.90.

Regional Management (NYSE:RM - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The credit services provider reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.03. Regional Management had a net margin of 7.01% and a return on equity of 13.20%. The company had revenue of $152.97 million for the quarter, compared to the consensus estimate of $153.59 million. On average, research analysts forecast that Regional Management Corp. will post 4.7 earnings per share for the current year.

Regional Management Announces Dividend

The firm also recently announced 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 annualized dividend and a dividend yield of 4.44%. Regional Management's dividend payout ratio (DPR) is presently 36.36%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on RM shares. Wall Street Zen cut shares of Regional Management from a "strong-buy" rating to a "buy" rating in a research note on Sunday, May 4th. Keefe, Bruyette & Woods dropped their price objective on shares of Regional Management from $33.00 to $30.00 and set a "market perform" rating on the stock in a report on Friday, May 2nd.

Insider Buying and Selling

In related news, CEO Robert William Beck sold 1,665 shares of Regional Management stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $30.13, for a total transaction of $50,166.45. Following the completion of the transaction, the chief executive officer now directly owns 100,008 shares in the company, valued at approximately $3,013,241.04. This trade represents a 1.64% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 10.80% of the stock is currently owned by corporate insiders.

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.