Barclays PLC Buys 9,910 Shares of Regional Management Corp. (NYSE:RM)

Barclays PLC lifted its stake in shares of Regional Management Corp. (NYSE:RM) by 73.4% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 23,416 shares of the credit services provider’s stock after purchasing an additional 9,910 shares during the period. Barclays PLC owned 0.23% of Regional Management worth $766,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Geode Capital Management LLC increased its holdings in shares of Regional Management by 3.4% during the 3rd quarter. Geode Capital Management LLC now owns 191,823 shares of the credit services provider’s stock worth $6,276,000 after acquiring an additional 6,288 shares during the last quarter. State Street Corp increased its holdings in shares of Regional Management by 0.6% during the 3rd quarter. State Street Corp now owns 152,572 shares of the credit services provider’s stock worth $4,991,000 after acquiring an additional 971 shares during the last quarter. PDT Partners LLC acquired a new position in shares of Regional Management during the 3rd quarter worth approximately $213,000. FMR LLC increased its holdings in shares of Regional Management by 34.1% during the 3rd quarter. FMR LLC now owns 31,384 shares of the credit services provider’s stock worth $1,027,000 after acquiring an additional 7,985 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Regional Management by 11.4% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 23,513 shares of the credit services provider’s stock worth $769,000 after acquiring an additional 2,406 shares during the last quarter. Institutional investors own 98.89% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at Regional Management

In other Regional Management news, CEO Robert William Beck sold 7,104 shares of the company’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $32.55, for a total value of $231,235.20. Following the transaction, the chief executive officer now directly owns 103,443 shares of the company’s stock, valued at $3,367,069.65. This represents a 6.43 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, major shareholder Fund L.P. Forager sold 16,219 shares of the company’s stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $34.21, for a total value of $554,851.99. Following the completion of the transaction, the insider now directly owns 990,894 shares in the company, valued at approximately $33,898,483.74. This represents a 1.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 65,973 shares of company stock valued at $2,179,000 in the last ninety days. 10.50% of the stock is currently owned by corporate insiders.

Regional Management Stock Performance

Shares of NYSE RM opened at $34.43 on Thursday. The company has a debt-to-equity ratio of 3.94, a current ratio of 44.42 and a quick ratio of 44.42. The stock’s fifty day moving average price is $32.26 and its two-hundred day moving average price is $31.30. Regional Management Corp. has a one year low of $20.50 and a one year high of $35.24. The firm has a market cap of $349.91 million, a price-to-earnings ratio of 14.47 and a beta of 1.50.

Regional Management Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 11th. Shareholders of record on Thursday, November 21st were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 3.49%. The ex-dividend date was Thursday, November 21st. Regional Management’s dividend payout ratio is 50.42%.

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.