Regional Management Corp. (NYSE:RM) Declares Quarterly Dividend of $0.30

Key Points

• Regional Management Corp. has declared a quarterly dividend of $0.30 per share, scheduled for payment on September 10th, with a yield of 3.6%.
• The company reported a quarterly earnings per share (EPS) of $1.03, significantly above analysts' consensus estimates of $0.72.
• Insiders have been active, with major shareholder Fund L.P. Forager purchasing over 12,000 shares recently, while CEO Robert William Beck sold 6,160 shares in July.

Regional Management Corp. (NYSE:RM - Get Free Report) announced a quarterly dividend on Thursday, July 31st, Wall Street Journal reports. Shareholders of record on Wednesday, August 20th will be paid a dividend of 0.30 per share by the credit services provider on Wednesday, September 10th. This represents a c) dividend on an annualized basis and a yield of 3.6%. The ex-dividend date is Wednesday, August 20th.

Regional Management has a payout ratio of 18.3% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Regional Management to earn $6.51 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 18.4%.

Regional Management Price Performance

Shares of NYSE:RM traded up $0.83 during midday trading on Monday, reaching $33.64. 1,520 shares of the company's stock were exchanged, compared to its average volume of 46,786. The company's 50 day simple moving average is $30.01 and its two-hundred day simple moving average is $31.29. The firm has a market capitalization of $333.66 million, a PE ratio of 9.69 and a beta of 1.25. Regional Management has a 12 month low of $25.41 and a 12 month high of $37.52. The company has a debt-to-equity ratio of 4.11, a quick ratio of 45.13 and a current ratio of 45.13.

Regional Management (NYSE:RM - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The credit services provider reported $1.03 EPS for the quarter, topping analysts' consensus estimates of $0.72 by $0.31. The company 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 10.96%. Equities research analysts expect that Regional Management will post 4.7 earnings per share for the current fiscal year.

Insider Transactions at Regional Management

In other news, major shareholder Fund L.P. Forager bought 12,246 shares of the company's stock in a transaction that occurred on Thursday, June 12th. The stock was acquired at an average price of $29.05 per share, for a total transaction of $355,746.30. Following the transaction, the insider directly owned 1,052,715 shares of the company's stock, valued at $30,581,370.75. This trade represents a 1.18% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Robert William Beck sold 6,160 shares of the stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $30.39, for a total transaction of $187,202.40. Following the sale, 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 position. The disclosure for this sale can be found here. Insiders have purchased a total of 36,082 shares of company stock valued at $1,022,745 in the last quarter. 10.50% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Regional Management

Hedge funds have recently made changes to their positions in the company. US Bancorp DE acquired a new stake in Regional Management in the 1st quarter valued at about $31,000. Tower Research Capital LLC TRC increased its position 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 acquiring an additional 339 shares in the last quarter. BNP Paribas Financial Markets increased its position 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 acquiring an additional 301 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position 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 acquiring an additional 390 shares in the last quarter. Finally, GAMMA Investing LLC increased its position 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 acquiring an additional 4,991 shares in the last quarter. Institutional investors and hedge funds own 98.89% of the company's stock.

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.