Regional Management Corp. (NYSE:RM) Shares Acquired by Renaissance Technologies LLC

Renaissance Technologies LLC lifted its stake in shares of Regional Management Corp. (NYSE:RM - Free Report) by 10.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 228,937 shares of the credit services provider's stock after purchasing an additional 21,990 shares during the period. Renaissance Technologies LLC owned 2.25% of Regional Management worth $7,779,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in Regional Management by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 454,637 shares of the credit services provider's stock valued at $15,449,000 after buying an additional 1,205 shares during the period. Tieton Capital Management LLC lifted its stake in Regional Management by 23.5% during the fourth quarter. Tieton Capital Management LLC now owns 255,251 shares of the credit services provider's stock worth $8,673,000 after purchasing an additional 48,541 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Regional Management by 0.5% in the fourth quarter. Geode Capital Management LLC now owns 192,856 shares of the credit services provider's stock valued at $6,555,000 after purchasing an additional 1,033 shares in the last quarter. State Street Corp increased its stake in Regional Management by 0.6% in the third quarter. State Street Corp now owns 152,572 shares of the credit services provider's stock valued at $4,991,000 after purchasing an additional 971 shares during the last quarter. Finally, American Century Companies Inc. raised its holdings in Regional Management by 4.2% during the fourth quarter. American Century Companies Inc. now owns 134,683 shares of the credit services provider's stock worth $4,577,000 after purchasing an additional 5,433 shares in the last quarter. Hedge funds and other institutional investors own 98.89% of the company's stock.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of Regional Management from a "strong-buy" rating to a "buy" rating in a research note on Friday, April 18th.

Regional Management Price Performance

NYSE:RM traded up $0.57 during trading hours on Thursday, hitting $33.56. The company's stock had a trading volume of 2,786 shares, compared to its average volume of 34,011. 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 52-week low of $25.00 and a 52-week high of $37.52. The company has a market capitalization of $336.77 million, a PE ratio of 8.07 and a beta of 1.27. The business's 50-day moving average is $31.33 and its two-hundred day moving average is $32.20.

Regional Management (NYSE:RM - Get Free Report) last issued its earnings results on Wednesday, February 5th. The credit services provider reported $0.98 earnings per share 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, research analysts anticipate that Regional Management Corp. will post 4.7 EPS for the current fiscal year.

Regional Management Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 13th. Stockholders of record on Thursday, February 20th were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.58%. The ex-dividend date of this dividend was Thursday, February 20th. Regional Management's dividend payout ratio is currently 28.85%.

Insider Transactions at Regional Management

In other Regional Management news, CEO Robert William Beck sold 13,000 shares of the firm'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 sale, the chief executive officer now directly owns 101,673 shares of the company's stock, valued at $3,732,415.83. This trade represents a 11.34 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 10.50% 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.