Tieton Capital Management LLC Acquires 100,560 Shares of Regional Management Corp. (NYSE:RM)

Tieton Capital Management LLC increased its holdings in shares of Regional Management Corp. (NYSE:RM - Free Report) by 94.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 207,390 shares of the credit services provider's stock after acquiring an additional 100,560 shares during the quarter. Regional Management comprises 3.3% of Tieton Capital Management LLC's portfolio, making the stock its 14th biggest holding. Tieton Capital Management LLC owned 2.04% of Regional Management worth $5,960,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in RM. BNP Paribas Financial Markets boosted its holdings in shares of Regional Management by 53.4% during the first quarter. BNP Paribas Financial Markets now owns 3,974 shares of the credit services provider's stock worth $96,000 after acquiring an additional 1,383 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in Regional Management by 81,883.3% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 4,919 shares of the credit services provider's stock valued at $141,000 after purchasing an additional 4,913 shares during the period. EMC Capital Management boosted its stake in Regional Management by 8.1% in the 1st quarter. EMC Capital Management now owns 6,100 shares of the credit services provider's stock valued at $148,000 after purchasing an additional 459 shares during the period. Quadrature Capital Ltd increased its position in Regional Management by 7.5% during the 4th quarter. Quadrature Capital Ltd now owns 13,634 shares of the credit services provider's stock worth $340,000 after buying an additional 957 shares during the period. Finally, Rhumbline Advisers lifted its holdings in shares of Regional Management by 3.9% during 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. Institutional investors own 98.89% of the company's stock.

Regional Management Price Performance

Shares of RM traded up $0.51 during midday trading on Tuesday, hitting $32.98. The company's stock had a trading volume of 42,199 shares, compared to its average volume of 27,197. The company has a quick ratio of 49.53, a current ratio of 49.53 and a debt-to-equity ratio of 3.98. Regional Management Corp. has a one year low of $20.50 and a one year high of $34.15. The stock has a market capitalization of $335.08 million, a price-to-earnings ratio of 14.43 and a beta of 1.53. The company's fifty day simple moving average is $30.99 and its two-hundred day simple moving average is $28.00.

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

Regional Management Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 12th. Shareholders of record on Wednesday, August 21st were given a $0.30 dividend. The ex-dividend date of this dividend was Wednesday, August 21st. This represents a $1.20 dividend on an annualized basis and a yield of 3.64%. Regional Management's dividend payout ratio is currently 52.17%.

Wall Street Analysts Forecast Growth

RM has been the topic of several research reports. Keefe, Bruyette & Woods upped their price target on shares of Regional Management from $28.00 to $33.00 and gave the company a "market perform" rating in a research note on Thursday, August 1st. BTIG Research assumed coverage on shares of Regional Management in a research report on Friday, June 7th. They set a "neutral" rating on the stock.

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.