22,285 Shares in Regional Management Corp. $RM Purchased by Prescott Group Capital Management L.L.C.

Prescott Group Capital Management L.L.C. purchased a new position in Regional Management Corp. (NYSE:RM) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 22,285 shares of the credit services provider’s stock, valued at approximately $674,000. Prescott Group Capital Management L.L.C. owned about 0.24% of Regional Management at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. BlackRock Inc. acquired a new position in shares of Regional Management in the 2nd quarter valued at $47,514,000. Basswood Capital Management L.L.C. acquired a new stake in Regional Management during the 2nd quarter worth about $35,244,000. Tieton Capital Management LLC purchased a new stake in Regional Management during the 2nd quarter valued at about $13,112,000. Sei Investments Co. grew its stake in Regional Management by 117.9% during the 1st quarter. Sei Investments Co. now owns 157,151 shares of the credit services provider’s stock valued at $5,068,000 after purchasing an additional 85,040 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its stake in Regional Management by 2.5% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 108,439 shares of the credit services provider’s stock valued at $3,497,000 after purchasing an additional 2,618 shares during the last quarter. 98.89% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, SVP Catherine R. Atwood sold 2,600 shares of the firm’s stock in a transaction on Thursday, October 29th. The shares were sold at an average price of $37.39, for a total transaction of $97,214.00. Following the sale, the senior vice president owned 52,707 shares in the company, valued at approximately $1,970,714.73. This trade represents a 4.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Lakhbir S. Lamba acquired 6,500 shares of the business’s stock in a transaction on Tuesday, August 11th. The stock was purchased at an average cost of $31.59 per share, with a total value of $205,335.00. Following the acquisition, the chief executive officer directly owned 52,234 shares of the company’s stock, valued at $1,650,072.06. This represents a 14.21% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders sold a total of 32,322 shares of company stock valued at $1,056,093 in the last three months. 10.90% of the stock is currently owned by corporate insiders.

Regional Management Stock Down 1.3%

Shares of RM stock opened at $38.69 on Wednesday. The stock has a 50 day moving average of $33.03 and a 200 day moving average of $35.35. The company has a current ratio of 60.68, a quick ratio of 64.04 and a debt-to-equity ratio of 4.58. The stock has a market cap of $346.23 million, a P/E ratio of 7.83 and a beta of 1.08. Regional Management Corp. has a twelve month low of $29.89 and a twelve month high of $44.29.

Regional Management (NYSE:RM) last announced its quarterly earnings results on Wednesday, October 28th. The credit services provider reported $1.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.47 by $0.14. Regional Management had a return on equity of 12.61% and a net margin of 6.96%. The company had revenue of $178.78 million during the quarter, compared to the consensus estimate of $174.69 million.

Regional Management Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 16th. Stockholders of record on Wednesday, November 18th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend is Wednesday, November 18th. Regional Management’s payout ratio is 24.29%.

Wall Street Analyst Weigh In

RM has been the subject of a number of research reports. Citizens Jmp decreased their target price on Regional Management from $45.00 to $43.00 and set a “market outperform” rating for the company in a report on Thursday, July 30th. Weiss Ratings upgraded shares of Regional Management from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday. Citigroup reiterated a “market outperform” rating on shares of Regional Management in a report on Thursday, July 30th. Stephens raised their price target on shares of Regional Management from $38.50 to $40.00 and gave the stock an “overweight” rating in a research report on Thursday, October 29th. Finally, Wall Street Zen upgraded shares of Regional Management from a “hold” rating to a “buy” rating in a research note on Monday, October 12th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $41.50.

Regional Management Profile

Regional Management Corp. (NYSE: RM) is a consumer finance company that provides credit products to individuals who may have limited access to traditional bank financing. The company primarily offers small and medium-sized installment loans, including secured and unsecured personal loans, through a network of local branches and digital channels.

Its services may also include optional credit-related products, such as insurance and other ancillary offerings associated with consumer lending.