19,600 Shares in Regional Management Corp. (NYSE:RM) Acquired by Universal Beteiligungs und Servicegesellschaft mbH

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Regional Management Corp., purchasing 19,600 shares valued at approximately $590,000, representing about 0.20% of the company.
• Major shareholder Fund L.P. Forager has increased their ownership by purchasing 12,754 shares at an average cost of $28.20 per share, bringing their total shares to 1,016,236.
• Analysts have mixed views on Regional Management, with Keefe, Bruyette & Woods lowering their target price from $33.00 to $30.00 while Wall Street Zen upgraded the stock from "buy" to "strong-buy."

Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Regional Management Corp. (NYSE:RM - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 19,600 shares of the credit services provider's stock, valued at approximately $590,000. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.20% of Regional Management at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. grew its holdings in shares of Regional Management by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 454,637 shares of the credit services provider's stock worth $15,449,000 after purchasing an additional 1,205 shares during the last quarter. Twin Lions Management LLC acquired a new stake in Regional Management during the 4th quarter valued at approximately $11,157,000. Renaissance Technologies LLC raised its stake in Regional Management by 10.6% during the fourth quarter. Renaissance Technologies LLC now owns 228,937 shares of the credit services provider's stock worth $7,779,000 after acquiring an additional 21,990 shares during the period. Geode Capital Management LLC raised its stake in Regional Management by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 192,856 shares of the credit services provider's stock valued at $6,555,000 after acquiring an additional 1,033 shares in the last quarter. Finally, American Century Companies Inc. boosted its stake in Regional Management by 4.2% during the fourth quarter. American Century Companies Inc. now owns 134,683 shares of the credit services provider's stock valued at $4,577,000 after buying an additional 5,433 shares in the last quarter. 98.89% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on RM. Wall Street Zen upgraded Regional Management from a "buy" rating to a "strong-buy" rating in a report on Sunday. Keefe, Bruyette & Woods cut 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.

Regional Management Price Performance

RM traded up $0.08 during trading on Wednesday, reaching $34.37. 8,065 shares of the company traded hands, compared to its average volume of 46,761. The firm has a fifty day simple moving average of $30.31 and a 200 day simple moving average of $31.30. The company has a debt-to-equity ratio of 4.14, a quick ratio of 45.13 and a current ratio of 45.13. Regional Management Corp. has a 12-month low of $25.41 and a 12-month high of $37.52. The company has a market cap of $336.83 million, a P/E ratio of 9.90 and a beta of 1.25.

Regional Management (NYSE:RM - Get Free Report) last posted its quarterly earnings results 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 company had revenue of $157.44 million during 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%. On average, equities analysts forecast that Regional Management Corp. will post 4.7 EPS for the current year.

Regional Management Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Wednesday, August 20th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, August 20th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.5%. Regional Management's dividend payout ratio is currently 34.58%.

Insider Transactions at Regional Management

In related news, major shareholder Fund L.P. Forager bought 12,754 shares of the business's stock in a transaction that occurred on Tuesday, June 10th. The shares were acquired at an average cost of $28.20 per share, with a total value of $359,662.80. Following the completion of the purchase, the insider directly owned 1,016,236 shares in the company, valued at $28,657,855.20. The trade was a 1.27% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Robert William Beck sold 6,160 shares of the firm's stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $30.39, for a total transaction of $187,202.40. Following the completion of the transaction, the chief executive officer owned 89,673 shares of the company's stock, valued at $2,725,162.47. This trade represents a 6.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have bought 36,082 shares of company stock worth $1,022,745. 10.50% of the stock is currently owned by insiders.

Regional Management 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.