Los Angeles Capital Management LLC Trims Position in Regional Management Corp. (NYSE:RM)

Los Angeles Capital Management LLC trimmed its stake in shares of Regional Management Corp. (NYSE:RM) by 16.9% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 31,491 shares of the credit services provider’s stock after selling 6,400 shares during the period. Los Angeles Capital Management LLC owned 0.31% of Regional Management worth $1,070,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC lifted its holdings in shares of Regional Management by 50.8% in the 3rd 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 last quarter. Summit Global Investments bought a new stake in shares of Regional Management in the 3rd quarter valued at about $209,000. GSA Capital Partners LLP bought a new stake in shares of Regional Management in the 3rd quarter valued at about $338,000. Empowered Funds LLC raised its holdings in shares of Regional Management by 5.1% in the 3rd quarter. Empowered Funds LLC now owns 41,649 shares of the credit services provider’s stock valued at $1,362,000 after purchasing an additional 2,010 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. grew its position in shares of Regional Management by 11.4% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 23,513 shares of the credit services provider’s stock worth $769,000 after buying an additional 2,406 shares during the last quarter. 98.89% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Regional Management Stock Up 2.5 %

Shares of Regional Management stock opened at $33.52 on Friday. The firm’s 50 day moving average price is $34.73 and its 200-day moving average price is $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 Corp. has a 52-week low of $22.25 and a 52-week high of $37.52. The company has a market cap of $329.57 million, a P/E ratio of 8.06 and a beta of 1.49.

Regional Management (NYSE:RM) last released its earnings results on Wednesday, February 5th. The credit services provider reported $0.98 earnings per share for the quarter, topping the consensus estimate 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, sell-side analysts predict that Regional Management Corp. will post 4.7 EPS for the current fiscal year.

Regional Management Dividend Announcement

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

Insiders Place Their Bets

In other news, CEO Robert William Beck sold 13,000 shares of the company’s stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $36.71, for a total value of $477,230.00. Following the sale, the chief executive officer now directly owns 101,673 shares of the company’s stock, valued at $3,732,415.83. This represents a 11.34 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Fund L.P. Forager sold 5,300 shares of the company’s stock in a transaction on 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 in the company, valued at $36,206,867. This trade represents a 0.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 78,973 shares of company stock valued at $2,656,230. Insiders own 10.50% of the company’s 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.