Regional Management Corp. (NYSE:RM) Shares Purchased by JPMorgan Chase & Co.

JPMorgan Chase & Co. increased its position in shares of Regional Management Corp. (NYSE:RM) by 15.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,233 shares of the credit services provider’s stock after acquiring an additional 572 shares during the period. JPMorgan Chase & Co.’s holdings in Regional Management were worth $138,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of RM. State Street Corp increased its stake in Regional Management by 0.6% in the 3rd quarter. State Street Corp now owns 152,572 shares of the credit services provider’s stock worth $4,991,000 after purchasing an additional 971 shares in the last quarter. Empowered Funds LLC increased its stake in Regional Management by 5.1% in the 3rd quarter. Empowered Funds LLC now owns 41,649 shares of the credit services provider’s stock worth $1,362,000 after purchasing an additional 2,010 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its stake in Regional Management by 11.4% in 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 purchasing an additional 2,406 shares in the last quarter. Allspring Global Investments Holdings LLC increased its stake in Regional Management by 50.8% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 7,416 shares of the credit services provider’s stock worth $243,000 after purchasing an additional 2,497 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new position in Regional Management in the 3rd quarter worth about $105,000. 98.89% of the stock is owned by institutional investors and hedge funds.

Regional Management Stock Performance

RM opened at $35.81 on Monday. The stock has a market cap of $363.84 million, a PE ratio of 15.05 and a beta of 1.50. 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 1 year low of $20.50 and a 1 year high of $37.19. The stock’s 50 day simple moving average is $33.72 and its 200-day simple moving average is $32.02.

Regional Management Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 11th. Shareholders of record on Thursday, November 21st were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 3.35%. The ex-dividend date of this dividend was Thursday, November 21st. Regional Management’s dividend payout ratio (DPR) is 50.42%.

Insider Buying and Selling at Regional Management

In other Regional Management news, SVP Catherine R. Atwood sold 1,128 shares of the business’s stock in a transaction on Friday, December 6th. The stock was sold at an average price of $33.00, for a total value of $37,224.00. Following the transaction, the senior vice president now owns 42,025 shares of the company’s stock, valued at approximately $1,386,825. The trade was a 2.61 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Fund L.P. Forager sold 5,300 shares of the business’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $33.50, for a total value of $177,550.00. Following the completion of the transaction, the insider now directly owns 1,080,802 shares in the company, valued at approximately $36,206,867. This represents a 0.49 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 65,973 shares of company stock worth $2,179,000 over the last three months. Company 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 price objective for the company.

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.