Charles Schwab Investment Management Inc. Has $1.71 Million Stock Position in Regional Management Corp. (NYSE:RM)

Charles Schwab Investment Management Inc. lifted its holdings in Regional Management Corp. (NYSE:RM) by 2.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 50,359 shares of the credit services provider’s stock after purchasing an additional 992 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.50% of Regional Management worth $1,711,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in RM. JPMorgan Chase & Co. boosted its position in Regional Management by 15.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,233 shares of the credit services provider’s stock worth $138,000 after acquiring an additional 572 shares during the last quarter. SG Americas Securities LLC lifted its position in shares of Regional Management by 38.0% in the fourth quarter. SG Americas Securities LLC now owns 4,425 shares of the credit services provider’s stock worth $150,000 after purchasing an additional 1,218 shares in the last quarter. PDT Partners LLC acquired a new position in shares of Regional Management during the 3rd quarter worth about $213,000. Pacific Global Investment Management Co. grew its stake in Regional Management by 9.8% in the fourth quarter. Pacific Global Investment Management Co. now owns 7,433 shares of the credit services provider’s stock valued at $253,000 after purchasing an additional 665 shares in the last quarter. Finally, Barclays PLC increased its position in shares of Regional Management by 73.4% during the 3rd quarter. Barclays PLC now owns 23,416 shares of the credit services provider’s stock worth $766,000 after purchasing an additional 9,910 shares during the last quarter. 98.89% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Regional Management

In other Regional Management news, CEO Robert William Beck sold 13,000 shares of Regional Management stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $36.71, for a total value of $477,230.00. Following the transaction, the chief executive officer now owns 101,673 shares in the company, valued at $3,732,415.83. The trade was a 11.34 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, major shareholder Fund L.P. Forager sold 6,265 shares of the stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $33.46, for a total transaction of $209,626.90. Following the completion of the transaction, the insider now directly owns 1,054,205 shares of the company’s stock, valued at approximately $35,273,699.30. The trade was a 0.59 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 70,741 shares of company stock valued at $2,387,771 in the last three months. Corporate insiders own 10.50% of the company’s stock.

Regional Management Stock Performance

Shares of RM opened at $30.29 on Friday. The firm has a 50-day moving average of $33.63 and a 200-day moving average of $32.46. The company has a market cap of $297.76 million, a PE ratio of 7.28 and a beta of 1.53. The company has a debt-to-equity ratio of 3.94, a current ratio of 44.42 and a quick ratio of 44.42. Regional Management Corp. has a one year low of $23.35 and a one year high of $37.52.

Regional Management (NYSE:RM) last announced its quarterly earnings results on Wednesday, February 5th. The credit services provider reported $0.98 EPS for the quarter, beating analysts’ consensus estimates of $0.88 by $0.10. Regional Management had a net margin of 7.01% and a return on equity of 13.20%. As a group, equities analysts forecast that Regional Management Corp. will post 4.7 earnings per share for the current year.

Regional Management Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 13th. Stockholders of record on Thursday, February 20th were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, February 20th. This represents a $1.20 annualized dividend and a dividend yield of 3.96%. Regional Management’s dividend payout ratio is presently 28.85%.

Regional Management 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.