Proficio Capital Partners LLC purchased a new position in Regional Management Corp. (NYSE:RM - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 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 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also bought and sold shares of the stock. JPMorgan Chase & Co. grew its stake in shares of Regional Management by 15.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,233 shares of the credit services provider's stock worth $138,000 after buying an additional 572 shares during the last quarter. SG Americas Securities LLC raised its stake in Regional Management by 38.0% during the 4th quarter. SG Americas Securities LLC now owns 4,425 shares of the credit services provider's stock valued at $150,000 after buying an additional 1,218 shares during the last quarter. PDT Partners LLC bought a new position in Regional Management in the third quarter valued at about $213,000. Pacific Global Investment Management Co. lifted its stake in shares of Regional Management by 9.8% in the 4th quarter. Pacific Global Investment Management Co. now owns 7,433 shares of the credit services provider's stock worth $253,000 after purchasing an additional 665 shares during the period. Finally, GSA Capital Partners LLP purchased a new position in shares of Regional Management in the third quarter worth approximately $338,000. 98.89% of the stock is currently owned by hedge funds and other institutional investors.
Insider Activity
In related news, CEO Robert William Beck sold 13,000 shares of the firm's stock in a transaction on 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 transaction, the chief executive officer now directly owns 101,673 shares of the company's stock, valued at approximately $3,732,415.83. This trade represents a 11.34 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Fund L.P. Forager sold 5,300 shares of Regional Management stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $33.50, for a total transaction of $177,550.00. Following the completion of the sale, the insider now owns 1,080,802 shares in the company, valued at approximately $36,206,867. This represents a 0.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 70,741 shares of company stock worth $2,387,771 over the last ninety days. Corporate insiders own 10.50% of the company's stock.
Regional Management Stock Performance
Shares of Regional Management stock traded up $0.08 on Wednesday, hitting $31.54. 23,162 shares of the company's stock were exchanged, compared to its average volume of 31,939. 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 stock has a market capitalization of $310.05 million, a PE ratio of 7.58 and a beta of 1.53. Regional Management Corp. has a 1 year low of $23.35 and a 1 year high of $37.52. The company has a 50-day simple moving average of $33.86 and a 200-day simple moving average of $32.47.
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, topping the consensus estimate of $0.88 by $0.10. Regional Management had a net margin of 7.01% and a return on equity of 13.20%. As a group, equities analysts anticipate that Regional Management Corp. will post 4.7 EPS for the current year.
Regional Management Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 13th. Stockholders of record on Thursday, February 20th were given a $0.30 dividend. The ex-dividend date of this dividend was Thursday, February 20th. This represents a $1.20 annualized dividend and a dividend yield of 3.81%. Regional Management's payout ratio is 28.85%.
Regional Management Company Profile
(
Free Report)
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.
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