Marshall Wace LLP Acquires Shares of 12,728 Regional Management Corp. (NYSE:RM)

Marshall Wace LLP bought a new position in Regional Management Corp. (NYSE:RM) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 12,728 shares of the credit services provider’s stock, valued at approximately $366,000. Marshall Wace LLP owned approximately 0.13% of Regional Management as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in RM. 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 raised its stake in Regional Management by 3.9% during the 2nd quarter. Rhumbline Advisers now owns 12,430 shares of the credit services provider’s stock valued at $357,000 after buying an additional 463 shares during the last quarter. Institutional investors own 98.89% of the company’s stock.

Regional Management Stock Performance

Shares of NYSE RM opened at $29.89 on Friday. The company has a current ratio of 49.53, a quick ratio of 49.53 and a debt-to-equity ratio of 3.98. Regional Management Corp. has a 12-month low of $20.50 and a 12-month high of $34.15. The firm has a market capitalization of $303.68 million, a price-to-earnings ratio of 13.00 and a beta of 1.52. The firm has a 50 day moving average of $31.64 and a 200 day moving average of $28.98.

Regional Management (NYSE:RM) last announced its earnings results on Wednesday, July 31st. The credit services provider reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.59 by $0.27. Regional Management had a return on equity of 11.24% and a net margin of 4.37%. The company had revenue of $143.03 million for the quarter, compared to analysts’ expectations of $143.13 million. During the same period last year, the firm earned $0.63 EPS. On average, research analysts anticipate that Regional Management Corp. will post 4.41 earnings per share for the current year.

Regional Management Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 12th. Investors of record on Wednesday, August 21st were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Wednesday, August 21st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.01%. Regional Management’s dividend payout ratio (DPR) is presently 52.17%.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods lifted their price objective on Regional Management from $28.00 to $33.00 and gave the stock a “market perform” rating in a report on Thursday, August 1st.

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.