Regional Management Corp. (NYSE:RM) Stake Raised by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of Regional Management Corp. (NYSE:RM) by 11.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 23,513 shares of the credit services provider’s stock after buying an additional 2,406 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned 0.23% of Regional Management worth $769,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. raised its holdings in Regional Management by 3.1% during the first quarter. Vanguard Group Inc. now owns 443,851 shares of the credit services provider’s stock worth $10,746,000 after purchasing an additional 13,414 shares in the last quarter. Tieton Capital Management LLC raised its holdings in Regional Management by 94.1% during the second quarter. Tieton Capital Management LLC now owns 207,390 shares of the credit services provider’s stock worth $5,960,000 after purchasing an additional 100,560 shares in the last quarter. Renaissance Technologies LLC raised its holdings in Regional Management by 0.9% during the second quarter. Renaissance Technologies LLC now owns 201,537 shares of the credit services provider’s stock worth $5,792,000 after purchasing an additional 1,800 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in Regional Management by 5.3% during the second quarter. Bank of New York Mellon Corp now owns 111,610 shares of the credit services provider’s stock worth $3,208,000 after purchasing an additional 5,588 shares in the last quarter. Finally, American Century Companies Inc. raised its holdings in Regional Management by 18.5% during the second quarter. American Century Companies Inc. now owns 106,773 shares of the credit services provider’s stock worth $3,069,000 after purchasing an additional 16,683 shares in the last quarter. Institutional investors own 98.89% of the company’s stock.

Regional Management Price Performance

Shares of NYSE:RM opened at $30.84 on Friday. Regional Management Corp. has a one year low of $20.50 and a one year high of $34.15. The stock has a fifty day moving average of $30.70 and a 200-day moving average of $30.03. The company has a market capitalization of $313.33 million, a PE ratio of 12.96 and a beta of 1.53. The company has a debt-to-equity ratio of 3.94, a quick ratio of 44.42 and a current ratio of 44.42.

Regional Management Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Stockholders of record on Thursday, November 21st will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.89%. Regional Management’s dividend payout ratio (DPR) is presently 50.42%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Keefe, Bruyette & Woods boosted their target price on Regional Management from $28.00 to $33.00 and gave the stock a “market perform” rating in a report on Thursday, August 1st. Stephens began 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.