EMC Capital Management Has $207,000 Stock Holdings in Regional Management Corp. (NYSE:RM)

EMC Capital Management decreased its stake in Regional Management Corp. (NYSE:RM) by 75.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,100 shares of the credit services provider’s stock after selling 18,920 shares during the period. EMC Capital Management owned about 0.06% of Regional Management worth $207,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. lifted its stake in shares of Regional Management by 15.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,233 shares of the credit services provider’s stock valued at $138,000 after acquiring an additional 572 shares during the last quarter. State Street Corp raised its position in Regional Management by 0.6% in the third quarter. State Street Corp now owns 152,572 shares of the credit services provider’s stock valued at $4,991,000 after purchasing an additional 971 shares during the last quarter. SG Americas Securities LLC boosted its stake in shares of Regional Management by 38.0% during the fourth quarter. SG Americas Securities LLC now owns 4,425 shares of the credit services provider’s stock valued at $150,000 after purchasing an additional 1,218 shares in the last quarter. Empowered Funds LLC grew its holdings in shares of 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 purchasing an additional 2,010 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Regional Management by 11.4% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 23,513 shares of the credit services provider’s stock valued at $769,000 after buying an additional 2,406 shares during the period. Institutional investors and hedge funds own 98.89% of the company’s stock.

Regional Management Stock Down 0.6 %

Shares of NYSE:RM opened at $36.44 on Friday. The firm has a market cap of $370.22 million, a P/E ratio of 15.31 and a beta of 1.50. Regional Management Corp. has a 12-month low of $20.50 and a 12-month high of $37.19. The business has a fifty day simple moving average of $33.60 and a 200 day simple moving average of $31.92. 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 Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 11th. Investors of record on Thursday, November 21st were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.29%. The ex-dividend date of this dividend was Thursday, November 21st. Regional Management’s dividend payout ratio is currently 50.42%.

Insider Activity at Regional Management

In other Regional Management news, CEO Robert William Beck sold 7,104 shares of the company’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $32.55, for a total transaction of $231,235.20. Following the sale, the chief executive officer now owns 103,443 shares of the company’s stock, valued at approximately $3,367,069.65. This represents a 6.43 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Fund L.P. Forager sold 21,805 shares of Regional Management stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $32.17, for a total value of $701,466.85. Following the completion of the transaction, the insider now directly owns 1,021,216 shares of the company’s stock, valued at approximately $32,852,518.72. This trade represents a 2.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 65,973 shares of company stock worth $2,179,000 over the last ninety days. Insiders own 10.50% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.