Khrom Capital Management LLC Sells 107,737 Shares of Regional Management Corp. (NYSE:RM)

Khrom Capital Management LLC decreased its stake in shares of Regional Management Corp. (NYSE:RM) by 52.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 96,494 shares of the credit services provider’s stock after selling 107,737 shares during the period. Regional Management makes up 0.5% of Khrom Capital Management LLC’s investment portfolio, making the stock its 16th largest holding. Khrom Capital Management LLC owned approximately 0.95% of Regional Management worth $2,773,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. BNP Paribas Financial Markets raised its position in Regional Management by 53.4% in the 1st quarter. BNP Paribas Financial Markets now owns 3,974 shares of the credit services provider’s stock worth $96,000 after buying an additional 1,383 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in Regional Management by 81,883.3% during the second quarter. Allspring Global Investments Holdings LLC now owns 4,919 shares of the credit services provider’s stock valued at $141,000 after purchasing an additional 4,913 shares during the period. EMC Capital Management boosted its holdings in Regional Management by 8.1% in the first quarter. EMC Capital Management now owns 6,100 shares of the credit services provider’s stock worth $148,000 after purchasing an additional 459 shares during the last quarter. Hancock Whitney Corp bought a new stake in Regional Management in the 2nd quarter worth approximately $234,000. Finally, Rhumbline Advisers lifted its holdings in Regional Management by 3.9% in the second quarter. Rhumbline Advisers now owns 12,430 shares of the credit services provider’s stock valued at $357,000 after acquiring an additional 463 shares during the period. Hedge funds and other institutional investors own 98.89% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on RM shares. BTIG Research initiated coverage on Regional Management in a research note on Friday, June 7th. They issued a “neutral” rating for the company. Keefe, Bruyette & Woods raised their price target on Regional Management from $28.00 to $33.00 and gave the stock a “market perform” rating in a research note on Thursday, August 1st.

Regional Management Trading Up 0.9 %

Shares of RM opened at $32.76 on Tuesday. The firm has a market capitalization of $324.19 million, a price-to-earnings ratio of 14.24 and a beta of 1.53. The company has a debt-to-equity ratio of 3.98, a current ratio of 49.53 and a quick ratio of 49.53. Regional Management Corp. has a 1-year low of $20.50 and a 1-year high of $34.15. The company has a 50-day moving average of $31.52 and a 200 day moving average of $28.35.

Regional Management (NYSE:RM) last issued its quarterly earnings data on Wednesday, July 31st. The credit services provider reported $0.86 EPS for the quarter, beating the consensus estimate of $0.59 by $0.27. Regional Management had a return on equity of 11.24% and a net margin of 4.37%. The firm had revenue of $143.03 million during the quarter, compared to analyst estimates of $143.13 million. During the same quarter in the prior year, the business posted $0.63 EPS. On average, research analysts expect that Regional Management Corp. will post 4.41 EPS for the current year.

Regional Management Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 12th. Shareholders of record on Wednesday, August 21st were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 3.66%. The ex-dividend date of this dividend was Wednesday, August 21st. Regional Management’s dividend payout ratio is presently 52.17%.

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.