Trexquant Investment LP Raises Position in Regional Management Corp. $RM

Key Points

• Trexquant Investment LP increased its stake in Regional Management Corp. by 78.1% to hold approximately 33,934 shares, valued at about $1,022,000.
• A major shareholder, Fund L.P. Forager, acquired 12,246 shares of Regional Management stock, reflecting a 1.18% increase in their position.
• The company announced a $0.30 quarterly dividend, representing a 2.8% yield, to be paid on September 10th to investors of record by August 20th.

Trexquant Investment LP increased its holdings in Regional Management Corp. (NYSE:RM - Free Report) by 78.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 33,934 shares of the credit services provider's stock after buying an additional 14,880 shares during the period. Trexquant Investment LP owned 0.34% of Regional Management worth $1,022,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. US Bancorp DE bought a new position in Regional Management in the 1st quarter worth approximately $31,000. Tower Research Capital LLC TRC boosted its holdings in Regional Management by 49.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,019 shares of the credit services provider's stock valued at $35,000 after purchasing an additional 339 shares during the period. BNP Paribas Financial Markets boosted its holdings in Regional Management by 16.2% in the 4th 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 during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Regional Management by 8.9% in 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 purchasing an additional 390 shares during the period. Finally, GAMMA Investing LLC boosted its holdings in Regional Management by 3,899.2% in the 1st quarter. GAMMA Investing LLC now owns 5,119 shares of the credit services provider's stock valued at $170,000 after purchasing an additional 4,991 shares during the period. 98.89% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised shares of Regional Management from a "buy" rating to a "strong-buy" rating in a report on Sunday, August 3rd. One 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.com, Regional Management presently has a consensus rating of "Moderate Buy" and a consensus target price of $34.00.

Insider Buying and Selling at Regional Management

In related news, CEO Robert William Beck sold 10,000 shares of Regional Management stock in a transaction on 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 owned 79,673 shares in the company, valued at $2,831,578.42. This trade represents a 11.15% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 10.80% of the company's stock.

Regional Management Price Performance

Shares of Regional Management stock traded down $0.47 on Friday, hitting $42.50. 27,870 shares of the company traded hands, compared to its average volume of 43,866. The firm's 50-day simple moving average is $36.84 and its 200 day simple moving average is $32.17. The company has a current ratio of 45.13, a quick ratio of 45.13 and a debt-to-equity ratio of 4.14. The company has a market cap of $416.50 million, a P/E ratio of 12.25 and a beta of 1.22. Regional Management Corp. has a 12-month low of $25.41 and a 12-month high of $44.71.

Regional Management (NYSE:RM - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The credit services provider reported $1.03 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.31. The firm had revenue of $157.44 million for the quarter, compared to analysts' expectations of $155.22 million. Regional Management had a net margin of 5.68% and a return on equity of 10.91%. Analysts expect that Regional Management Corp. will post 4.7 earnings per share 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 dividend of $0.30 per share. The ex-dividend date was Wednesday, August 20th. This represents a $1.20 annualized dividend and a dividend yield of 2.8%. Regional Management's dividend payout ratio (DPR) is 34.58%.

Regional Management Company 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.