10,319 Shares in Regional Management Corp. (NYSE:RM) Purchased by GSA Capital Partners LLP

GSA Capital Partners LLP purchased a new position in Regional Management Corp. (NYSE:RM) during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 10,319 shares of the credit services provider’s stock, valued at approximately $338,000. GSA Capital Partners LLP owned approximately 0.10% of Regional Management at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of RM. BNP Paribas Financial Markets grew its stake in shares of 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 valued at $96,000 after buying an additional 1,383 shares in the last quarter. SG Americas Securities LLC acquired a new stake in Regional Management in the 3rd quarter worth approximately $105,000. Allspring Global Investments Holdings LLC lifted its holdings in Regional Management by 81,883.3% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 4,919 shares of the credit services provider’s stock worth $141,000 after purchasing an additional 4,913 shares during the last quarter. EMC Capital Management lifted its holdings in Regional Management by 8.1% in the 1st 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. Finally, Summit Global Investments acquired a new stake in Regional Management in the 3rd quarter worth approximately $209,000. Hedge funds and other institutional investors own 98.89% of the company’s stock.

Analyst Upgrades and Downgrades

RM has been the subject of a number of research analyst reports. Stephens initiated coverage on Regional Management in a report on Wednesday, November 13th. They set an “overweight” rating and a $38.00 price target for the company. Keefe, Bruyette & Woods upped their price target 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 Price Performance

Shares of RM stock opened at $30.00 on Friday. The stock’s fifty day moving average is $30.80 and its 200-day moving average is $30.01. The company has a debt-to-equity ratio of 3.94, a quick ratio of 44.42 and a current ratio of 44.42. The stock has a market capitalization of $304.80 million, a PE ratio of 12.61 and a beta of 1.53. Regional Management Corp. has a 52 week low of $20.50 and a 52 week high of $34.15.

Regional Management Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 11th. Stockholders of record on Thursday, November 21st will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 4.00%. The ex-dividend date is Thursday, November 21st. Regional Management’s dividend payout ratio (DPR) 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.