Acadian Asset Management LLC Has $4.69 Million Stake in Regional Management Corp. $RM

Key Points

• Acadian Asset Management LLC increased its stake in Regional Management Corp. by 83.0%, owning approximately 1.57% of the company valued at $4.69 million after acquiring an additional 70,721 shares.
• Wall Street Zen upgraded Regional Management from a "buy" to a "strong-buy" rating, with an average rating of "Moderate Buy" and a consensus target price of $34.00.
• CEO Robert William Beck sold 10,000 shares of the firm, reducing his ownership by 11.15% and leaving him with 79,673 shares valued at approximately $2.83 million.

Acadian Asset Management LLC increased its holdings in shares of Regional Management Corp. (NYSE:RM - Free Report) by 83.0% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 155,885 shares of the credit services provider's stock after acquiring an additional 70,721 shares during the period. Acadian Asset Management LLC owned about 1.57% of Regional Management worth $4,691,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in RM. US Bancorp DE acquired a new position in Regional Management in the first quarter valued at about $31,000. 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 worth $73,000 after buying an additional 301 shares during the last quarter. 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 worth $163,000 after buying an additional 390 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of 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 buying an additional 4,991 shares during the last quarter. Finally, AQR Capital Management LLC acquired a new position in Regional Management during the first quarter valued at approximately $201,000. 98.89% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Regional Management

In other news, CEO Robert William Beck sold 10,000 shares of the 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 transaction, the chief executive officer directly owned 79,673 shares of the company's stock, valued at $2,831,578.42. This represents a 11.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 10.80% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded shares of Regional Management from a "buy" rating to a "strong-buy" rating in a report on Sunday, August 3rd. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $34.00.

Regional Management Stock Performance

NYSE RM traded up $1.75 on Thursday, hitting $45.61. 59,831 shares of the stock were exchanged, compared to its average volume of 43,589. The company has a debt-to-equity ratio of 4.14, a current ratio of 45.13 and a quick ratio of 45.13. The business's fifty day moving average is $37.73 and its 200 day moving average is $32.49. Regional Management Corp. has a 52 week low of $25.41 and a 52 week high of $46.00. The company has a market capitalization of $446.93 million, a PE ratio of 13.14 and a beta of 1.22.

Regional Management (NYSE:RM - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The credit services provider reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.31. The firm had revenue of $157.44 million for the quarter, compared to analyst estimates of $155.22 million. Regional Management had a net margin of 5.68% and a return on equity of 10.91%. Research analysts anticipate that Regional Management Corp. will post 4.7 EPS for the current fiscal year.

Regional Management Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Wednesday, August 20th were given a $0.30 dividend. The ex-dividend date of this dividend was Wednesday, August 20th. This represents a $1.20 annualized dividend and a dividend yield of 2.6%. Regional Management's dividend payout ratio is presently 34.58%.

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.