Regional Management Corp. (NYSE:RM) Shares Sold by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC reduced its position in Regional Management Corp. (NYSE:RM) by 16.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,491 shares of the credit services provider’s stock after selling 6,400 shares during the period. Los Angeles Capital Management LLC’s holdings in Regional Management were worth $1,070,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in RM. Allspring Global Investments Holdings LLC raised its position in Regional Management by 50.8% during the third quarter. Allspring Global Investments Holdings LLC now owns 7,416 shares of the credit services provider’s stock worth $243,000 after acquiring an additional 2,497 shares during the period. Summit Global Investments acquired a new position in Regional Management during the third quarter worth $209,000. GSA Capital Partners LLP acquired a new position in Regional Management during the third quarter worth $338,000. Empowered Funds LLC raised its position in Regional Management by 5.1% during the third quarter. Empowered Funds LLC now owns 41,649 shares of the credit services provider’s stock worth $1,362,000 after acquiring an additional 2,010 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. raised its position in Regional Management by 11.4% during the third 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 period. 98.89% of the stock is currently owned by institutional investors and hedge funds.

Regional Management Price Performance

Regional Management stock opened at $33.52 on Friday. Regional Management Corp. has a 52-week low of $22.25 and a 52-week high of $37.52. The firm has a market capitalization of $329.57 million, a price-to-earnings ratio of 8.06 and a beta of 1.49. The company has a fifty day simple moving average of $34.73 and a 200-day simple moving average of $32.62. The company has a quick ratio of 44.42, a current ratio of 44.42 and a debt-to-equity ratio of 3.94.

Regional Management (NYSE:RM) last released its earnings results on Wednesday, February 5th. The credit services provider reported $0.98 earnings per share (EPS) for the quarter, topping 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%. On average, equities analysts anticipate that Regional Management Corp. will post 4.7 EPS for the current fiscal year.

Regional Management Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Thursday, February 20th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.58%. The ex-dividend date of this dividend is Thursday, February 20th. Regional Management’s payout ratio is 28.85%.

Insider Transactions at Regional Management

In related news, CEO Robert William Beck sold 13,000 shares of the company’s stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $36.71, for a total value of $477,230.00. Following the completion of the sale, the chief executive officer now owns 101,673 shares of the company’s stock, valued at approximately $3,732,415.83. This represents a 11.34 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, major shareholder Fund L.P. Forager sold 5,300 shares of the company’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $33.50, for a total transaction of $177,550.00. Following the completion of the sale, the insider now directly owns 1,080,802 shares of the company’s stock, valued at $36,206,867. This represents a 0.49 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 78,973 shares of company stock valued at $2,656,230 over the last 90 days. 10.50% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Separately, Stephens started coverage on shares of Regional Management in a research report on Wednesday, November 13th. They set an “overweight” rating and a $38.00 price objective for the company.

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.