Regional Management Corp. (NYSE:RM) Short Interest Update

Regional Management Corp. (NYSE:RM - Get Free Report) was the recipient of a significant decrease in short interest in October. As of October 15th, there was short interest totalling 258,200 shares, a decrease of 15.2% from the September 30th total of 304,600 shares. Approximately 2.8% of the company's stock are sold short. Based on an average daily volume of 21,800 shares, the days-to-cover ratio is presently 11.8 days.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods upped their price target on Regional Management from $28.00 to $33.00 and gave the company a "market perform" rating in a report on Thursday, August 1st.

Regional Management Stock Up 1.6 %

RM traded up $0.45 on Monday, reaching $29.12. The company's stock had a trading volume of 22,055 shares, compared to its average volume of 26,005. The stock has a 50 day moving average of $31.64 and a two-hundred day moving average of $29.56. The company has a quick ratio of 49.53, a current ratio of 49.53 and a debt-to-equity ratio of 3.98. The company has a market capitalization of $295.86 million, a price-to-earnings ratio of 11.51 and a beta of 1.52. Regional Management has a fifty-two week low of $20.50 and a fifty-two week high of $34.15.

Regional Management (NYSE:RM - Get Free Report) last issued its quarterly earnings data on Wednesday, July 31st. The credit services provider reported $0.86 earnings per share for the quarter, beating analysts' consensus estimates of $0.59 by $0.27. Regional Management had a return on equity of 11.24% and a net margin of 4.37%. The company had revenue of $143.03 million during the quarter, compared to analysts' expectations of $143.13 million. During the same quarter in the previous year, the business earned $0.63 earnings per share. As a group, analysts forecast that Regional Management will post 4.41 EPS for the current fiscal year.

Regional Management Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 12th. Shareholders of record on Wednesday, August 21st were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 4.12%. The ex-dividend date of this dividend was Wednesday, August 21st. Regional Management's dividend payout ratio is currently 47.43%.

Institutional Investors Weigh In On Regional Management

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. 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 buying an additional 2,497 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of Regional Management during the third quarter worth approximately $105,000. Waterfall Asset Management LLC purchased a new stake in shares of Regional Management during the second quarter worth approximately $632,000. Marshall Wace LLP purchased a new stake in shares of Regional Management during the second quarter worth approximately $366,000. Finally, Hancock Whitney Corp purchased a new stake in shares of Regional Management during the second quarter worth approximately $234,000. Hedge funds and other institutional investors own 98.89% of the company's stock.

Regional Management Company 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.