Regional Management Corp. (NYSE:RM) Shares Purchased by Fmr LLC

Fmr LLC boosted its stake in Regional Management Corp. (NYSE:RM) by 34.1% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 31,384 shares of the credit services provider’s stock after purchasing an additional 7,985 shares during the period. Fmr LLC owned about 0.31% of Regional Management worth $1,027,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Tieton Capital Management LLC lifted its holdings in Regional Management by 94.1% during the 2nd quarter. Tieton Capital Management LLC now owns 207,390 shares of the credit services provider’s stock worth $5,960,000 after buying an additional 100,560 shares in the last quarter. Waterfall Asset Management LLC purchased a new stake in shares of Regional Management during the second quarter worth $632,000. American Century Companies Inc. raised its stake in shares of Regional Management by 18.5% in the second quarter. American Century Companies Inc. now owns 106,773 shares of the credit services provider’s stock valued at $3,069,000 after acquiring an additional 16,683 shares in the last quarter. Marshall Wace LLP purchased a new position in Regional Management in the second quarter valued at $366,000. Finally, GSA Capital Partners LLP acquired a new position in Regional Management during the 3rd quarter worth $338,000. Hedge funds and other institutional investors own 98.89% of the company’s stock.

Regional Management Price Performance

Regional Management stock opened at $34.17 on Tuesday. The stock has a market cap of $347.17 million, a P/E ratio of 14.36 and a beta of 1.52. The company has a fifty day simple moving average of $30.89 and a 200-day simple moving average of $30.46. 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 12-month low of $20.50 and a 12-month high of $35.24.

Regional Management Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 11th. Stockholders of record on Thursday, November 21st were given a dividend of $0.30 per share. The ex-dividend date was Thursday, November 21st. This represents a $1.20 annualized dividend and a dividend yield of 3.51%. Regional Management’s dividend payout ratio is currently 50.42%.

Wall Street Analysts Forecast Growth

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

Insider Activity

In other Regional Management news, SVP Catherine R. Atwood sold 1,128 shares of Regional Management stock in a transaction that occurred 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 transaction, the senior vice president now owns 42,025 shares of the company’s stock, valued at $1,386,825. The trade was a 2.61 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Robert William Beck sold 7,104 shares of the stock in a transaction that occurred on 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 sale, the chief executive officer now directly owns 103,443 shares of the company’s stock, valued at $3,367,069.65. The trade was a 6.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 10.50% of the company’s stock.

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.