Wellington Management Group LLP cut its stake in Regional Management Corp. (NYSE:RM - Free Report) by 9.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 303,515 shares of the credit services provider's stock after selling 30,400 shares during the period. Wellington Management Group LLP owned 3.09% of Regional Management worth $10,313,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC increased its position in Regional Management by 49.9% in the fourth 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 period. BNP Paribas Financial Markets raised its stake in shares of Regional Management by 16.2% during the fourth quarter. BNP Paribas Financial Markets now owns 2,162 shares of the credit services provider's stock valued at $73,000 after purchasing an additional 301 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Regional Management by 15.6% during the third quarter. JPMorgan Chase & Co. now owns 4,233 shares of the credit services provider's stock valued at $138,000 after purchasing an additional 572 shares in the last quarter. SG Americas Securities LLC raised 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 valued at $150,000 after purchasing an additional 1,218 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake 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 purchasing an additional 390 shares in the last quarter. 98.89% of the stock is owned by institutional investors and hedge funds.
Insider Activity
In other news, CEO Robert William Beck sold 1,665 shares of Regional Management stock in a transaction dated 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 sale, the chief executive officer now directly owns 100,008 shares in the company, valued at $3,013,241.04. The trade was a 1.64% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 10.80% of the stock is owned by corporate insiders.
Regional Management Stock Up 1.7%
NYSE:RM traded up $0.47 on Friday, hitting $27.45. 25,915 shares of the company's stock traded hands, compared to its average volume of 35,888. The company has a current ratio of 44.42, a quick ratio of 44.42 and a debt-to-equity ratio of 3.94. Regional Management Corp. has a 1 year low of $25.41 and a 1 year high of $37.52. The firm has a 50-day moving average price of $29.27 and a 200-day moving average price of $31.86. The company has a market cap of $272.35 million, a PE ratio of 6.60 and a beta of 1.17.
Regional Management (NYSE:RM - Get Free Report) last released its earnings results 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. Regional Management had a return on equity of 13.20% and a net margin of 7.01%. The company had revenue of $152.97 million for the quarter, compared to analysts' expectations of $153.59 million. Equities analysts anticipate that Regional Management Corp. will post 4.7 EPS for the current fiscal year.
Regional Management Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 11th. Stockholders of record on Wednesday, May 21st will be issued a dividend of $0.30 per share. The ex-dividend date is Wednesday, May 21st. This represents a $1.20 annualized dividend and a dividend yield of 4.37%. Regional Management's dividend payout ratio is 36.36%.
Wall Street Analyst Weigh In
RM has been the topic of a number of recent analyst reports. 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 lowered 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.
Check Out Our Latest Report on Regional Management
About Regional Management
(
Free Report)
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.
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