Barclays PLC Purchases 9,910 Shares of Regional Management Corp. (NYSE:RM)

Barclays PLC lifted its holdings in shares of Regional Management Corp. (NYSE:RM - Free Report) by 73.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,416 shares of the credit services provider's stock after buying an additional 9,910 shares during the quarter. Barclays PLC owned about 0.23% of Regional Management worth $766,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Rhumbline Advisers lifted its holdings in shares of Regional Management by 3.9% in the second quarter. Rhumbline Advisers now owns 12,430 shares of the credit services provider's stock worth $357,000 after buying an additional 463 shares in the last quarter. American Century Companies Inc. increased its holdings in Regional Management by 18.5% during the 2nd quarter. American Century Companies Inc. now owns 106,773 shares of the credit services provider's stock worth $3,069,000 after acquiring an additional 16,683 shares during the period. Renaissance Technologies LLC lifted its stake in Regional Management by 0.9% in the 2nd 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. Hancock Whitney Corp bought a new position in Regional Management in the 2nd quarter valued at $234,000. Finally, Waterfall Asset Management LLC purchased a new position in shares of Regional Management during the 2nd quarter valued at $632,000. 98.89% of the stock is owned by institutional investors.

Regional Management Price Performance

RM traded up $0.49 on Thursday, reaching $34.97. The company had a trading volume of 76,619 shares, compared to its average volume of 57,362. Regional Management Corp. has a 52-week low of $20.50 and a 52-week high of $35.24. The company has a market cap of $355.24 million, a price-to-earnings ratio of 14.69 and a beta of 1.50. The company has a debt-to-equity ratio of 3.94, a quick ratio of 44.42 and a current ratio of 44.42. The business has a 50 day simple moving average of $32.29 and a 200 day simple moving average of $31.32.

Regional Management Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 11th. Investors of record on Thursday, November 21st were paid a $0.30 dividend. The ex-dividend date was Thursday, November 21st. This represents a $1.20 dividend on an annualized basis and a yield of 3.43%. Regional Management's dividend payout ratio is presently 50.42%.

Insider Buying and Selling at Regional Management

In other Regional Management news, CEO Robert William Beck sold 7,104 shares of Regional Management stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 103,443 shares of the company's stock, valued at approximately $3,367,069.65. This trade represents a 6.43 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Catherine R. Atwood sold 1,128 shares of the business's stock in a transaction on Friday, December 6th. The stock was sold at an average price of $33.00, for a total transaction of $37,224.00. Following the completion of the sale, the senior vice president now directly owns 42,025 shares of the company's stock, valued at $1,386,825. This represents a 2.61 % 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 90 days. Corporate insiders own 10.50% of the company's stock.

Analyst Ratings Changes

Separately, Stephens initiated coverage on Regional Management in a research note 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.