Proficio Capital Partners LLC Buys Shares of 24,466 Regional Management Corp. (NYSE:RM)

Proficio Capital Partners LLC acquired a new stake in shares of Regional Management Corp. (NYSE:RM - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 24,466 shares of the credit services provider's stock, valued at approximately $831,000. Proficio Capital Partners LLC owned approximately 0.24% of Regional Management as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of RM. GSA Capital Partners LLP purchased a new position in shares of Regional Management during the 3rd quarter valued at approximately $338,000. Barclays PLC lifted its holdings in Regional Management by 73.4% during the 3rd quarter. Barclays PLC now owns 23,416 shares of the credit services provider's stock worth $766,000 after buying an additional 9,910 shares in the last quarter. FMR LLC lifted its holdings in Regional Management by 34.1% during the 3rd quarter. FMR LLC now owns 31,384 shares of the credit services provider's stock worth $1,027,000 after buying an additional 7,985 shares in the last quarter. PDT Partners LLC acquired a new stake in Regional Management during the 3rd quarter worth approximately $213,000. Finally, Summit Global Investments purchased a new stake in shares of Regional Management in the 3rd quarter valued at approximately $209,000. Institutional investors and hedge funds own 98.89% of the company's stock.

Wall Street Analyst Weigh In

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

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Regional Management Price Performance

Shares of NYSE RM traded down $1.26 during midday trading on Monday, hitting $30.43. The company had a trading volume of 24,703 shares, compared to its average volume of 49,233. The company has a quick ratio of 44.42, a current ratio of 44.42 and a debt-to-equity ratio of 3.94. The business has a 50-day simple moving average of $34.55 and a two-hundred day simple moving average of $32.65. Regional Management Corp. has a twelve month low of $22.89 and a twelve month high of $37.52. The firm has a market capitalization of $299.14 million, a price-to-earnings ratio of 7.32 and a beta of 1.53.

Regional Management (NYSE:RM - Get Free Report) last released its earnings results on Wednesday, February 5th. The credit services provider reported $0.98 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.88 by $0.10. Regional Management had a net margin of 7.01% and a return on equity of 13.20%. Equities research analysts anticipate that Regional Management Corp. will post 4.7 earnings per share for the current year.

Regional Management Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Thursday, February 20th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, February 20th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.94%. Regional Management's payout ratio is currently 28.85%.

Insider Transactions at Regional Management

In other news, major shareholder Fund L.P. Forager sold 16,219 shares of the company's stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $34.21, for a total transaction of $554,851.99. Following the completion of the transaction, the insider now owns 990,894 shares in the company, valued at approximately $33,898,483.74. This represents a 1.61 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Robert William Beck sold 13,000 shares of the company's stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $36.71, for a total transaction of $477,230.00. Following the completion of the sale, the chief executive officer now directly owns 101,673 shares of the company's stock, valued at $3,732,415.83. The trade was a 11.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 70,741 shares of company stock valued at $2,387,771. Corporate insiders own 10.50% of the company's stock.

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.