EMC Capital Management Sells 18,920 Shares of Regional Management Corp. (NYSE:RM)

EMC Capital Management cut its stake in shares of Regional Management Corp. (NYSE:RM - Free Report) by 75.6% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor 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 reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in RM. SG Americas Securities LLC purchased a new position in Regional Management during the third quarter valued at approximately $105,000. JPMorgan Chase & Co. lifted its stake in Regional Management by 15.6% in the third 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. Summit Global Investments acquired a new stake in Regional Management in the third quarter valued at approximately $209,000. PDT Partners LLC acquired a new stake in Regional Management in the third quarter valued at approximately $213,000. Finally, Allspring Global Investments Holdings LLC lifted its stake in Regional Management by 50.8% in the third quarter. Allspring Global Investments Holdings LLC now owns 7,416 shares of the credit services provider's stock valued at $243,000 after acquiring an additional 2,497 shares during the last quarter. 98.89% of the stock is owned by hedge funds and other institutional investors.

Regional Management Stock Performance

Shares of Regional Management stock traded up $0.19 on Tuesday, reaching $36.21. The stock had a trading volume of 46,424 shares, compared to its average volume of 53,265. The business's 50-day moving average price is $33.82 and its two-hundred day moving average price is $32.04. 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 Corp. has a fifty-two week low of $20.50 and a fifty-two week high of $37.19. The stock has a market cap of $367.88 million, a P/E ratio of 15.20 and a beta of 1.49.

Regional Management Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 11th. Stockholders 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 3.31%. The ex-dividend date was Thursday, November 21st. Regional Management's payout ratio is 50.42%.

Insider Transactions at Regional Management

In other news, SVP Catherine R. Atwood sold 1,128 shares of the business's stock in a transaction on Friday, December 6th. The shares were sold at an average price of $33.00, for a total value of $37,224.00. Following the completion of the sale, the senior vice president now directly owns 42,025 shares in the company, valued at approximately $1,386,825. The trade was a 2.61 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Fund L.P. Forager sold 21,805 shares of the stock in a transaction on Monday, January 13th. The shares were sold at an average price of $32.17, for a total transaction of $701,466.85. Following the completion of the sale, 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. Over the last three months, insiders sold 65,973 shares of company stock worth $2,179,000. 10.50% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Separately, Stephens initiated coverage on shares of Regional Management in a research note on Wednesday, November 13th. They issued an "overweight" rating and a $38.00 target price for the company.

Regional Management Profile

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.