Jane Street Group LLC Lowers Holdings in Regional Management Corp. (NYSE:RM)

Jane Street Group LLC reduced its stake in shares of Regional Management Corp. (NYSE:RM) by 14.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,286 shares of the credit services provider’s stock after selling 1,084 shares during the quarter. Jane Street Group LLC owned 0.06% of Regional Management worth $206,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of RM. SG Americas Securities LLC acquired a new stake in shares of Regional Management during the 3rd quarter worth approximately $105,000. Summit Global Investments acquired a new stake in Regional Management during the third quarter valued at $209,000. PDT Partners LLC acquired a new stake in Regional Management during the third quarter valued at $213,000. Hancock Whitney Corp purchased a new position in Regional Management in the second quarter valued at $234,000. Finally, Allspring Global Investments Holdings LLC raised its position in shares of Regional Management by 50.8% in the third quarter. Allspring Global Investments Holdings LLC now owns 7,416 shares of the credit services provider’s stock worth $243,000 after acquiring an additional 2,497 shares during the period. 98.89% of the stock is currently owned by hedge funds and other institutional investors.

Regional Management Trading Down 3.8 %

Shares of RM stock opened at $31.53 on Monday. The company has a current ratio of 44.42, a quick ratio of 44.42 and a debt-to-equity ratio of 3.94. Regional Management Corp. has a twelve month low of $20.50 and a twelve month high of $35.24. The company’s 50-day moving average price is $32.13 and its 200-day moving average price is $31.23. The stock has a market cap of $320.44 million, a price-to-earnings ratio of 13.25 and a beta of 1.50.

Regional Management Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 11th. Stockholders of record on Thursday, November 21st were paid a $0.30 dividend. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $1.20 annualized dividend and a dividend yield of 3.81%. Regional Management’s dividend payout ratio (DPR) is 50.42%.

Insider Transactions at Regional Management

In other news, SVP Catherine R. Atwood sold 1,128 shares of the firm’s stock in a transaction on Friday, December 6th. The stock was sold at an average price of $33.00, for a total transaction of $37,224.00. Following the completion of the transaction, the senior vice president now directly owns 42,025 shares in the company, valued at $1,386,825. This trade represents a 2.61 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Robert William Beck sold 7,104 shares of Regional Management stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $32.55, for a total value of $231,235.20. Following the completion of the transaction, the chief executive officer now directly owns 103,443 shares of the company’s stock, valued at approximately $3,367,069.65. This represents a 6.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 27,949 shares of company stock worth $922,681 in the last 90 days. Insiders own 10.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Stephens started coverage on Regional Management in a research report on Wednesday, November 13th. They set an “overweight” rating and a $38.00 target price on the stock.

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.