Trexquant Investment LP Raises Stake 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% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor 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.

A number of other institutional investors and hedge funds also recently made changes to their positions in RM. US Bancorp DE bought a new position in Regional Management in the first quarter valued at $31,000. Tower Research Capital LLC TRC grew its stake in shares of Regional Management by 49.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,019 shares of the credit services provider's stock valued at $35,000 after buying an additional 339 shares during the last quarter. BNP Paribas Financial Markets grew 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 buying an additional 301 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Regional Management by 8.9% in 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 purchasing an additional 390 shares during the last quarter. Finally, GAMMA Investing LLC grew its stake in shares of Regional Management by 3,899.2% in the first quarter. GAMMA Investing LLC now owns 5,119 shares of the credit services provider's stock worth $170,000 after purchasing an additional 4,991 shares during the last quarter. Hedge funds and other institutional investors own 98.89% of the company's stock.

Insider Activity at Regional Management

In other Regional Management news, CEO Robert William Beck sold 10,000 shares of the stock in a transaction that occurred 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 sale, the chief executive officer directly owned 79,673 shares of the company's stock, valued at approximately $2,831,578.42. This represents a 11.15% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 10.80% of the company's stock.

Analysts Set New Price Targets

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 investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Regional Management has a consensus rating of "Moderate Buy" and a consensus price target of $34.00.

Regional Management Stock Up 0.8%

Shares of NYSE RM traded up $0.35 during midday trading on Thursday, reaching $42.43. 7,625 shares of the company's stock traded hands, compared to its average volume of 47,286. The company has a market cap of $415.81 million, a price-to-earnings ratio of 12.23 and a beta of 1.22. Regional Management Corp. has a one year low of $25.41 and a one year high of $44.71. The company has a quick ratio of 45.13, a current ratio of 45.13 and a debt-to-equity ratio of 4.14. The stock's 50 day simple moving average is $36.45 and its 200-day simple moving average is $32.04.

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

Regional Management Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Wednesday, August 20th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 2.8%. The ex-dividend date was Wednesday, August 20th. Regional Management's dividend payout ratio is currently 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.