Tieton Capital Management LLC Purchases 48,541 Shares of Regional Management Corp. (NYSE:RM)

Tieton Capital Management LLC grew its stake in Regional Management Corp. (NYSE:RM - Free Report) by 23.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 255,251 shares of the credit services provider's stock after purchasing an additional 48,541 shares during the quarter. Regional Management makes up about 3.5% of Tieton Capital Management LLC's holdings, making the stock its 14th largest position. Tieton Capital Management LLC owned approximately 2.51% of Regional Management worth $8,673,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of Regional Management by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 454,637 shares of the credit services provider's stock valued at $15,449,000 after acquiring an additional 1,205 shares in the last quarter. American Century Companies Inc. increased its stake in shares of Regional Management by 4.2% in 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. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Regional Management by 23.2% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 28,963 shares of the credit services provider's stock valued at $984,000 after purchasing an additional 5,450 shares during the period. Proficio Capital Partners LLC purchased a new stake in shares of Regional Management during the 4th quarter valued at approximately $831,000. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Regional Management by 2.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 50,359 shares of the credit services provider's stock worth $1,711,000 after buying an additional 992 shares during the period. Hedge funds and other institutional investors own 98.89% of the company's stock.

Remove Ads

Insider Buying and Selling at Regional Management

In related news, CEO Robert William Beck sold 13,000 shares of the firm's stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $36.71, for a total value 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder Fund L.P. Forager sold 5,300 shares of the business's stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $33.50, for a total transaction of $177,550.00. Following the completion of the transaction, the insider now directly owns 1,080,802 shares of the company's stock, valued at approximately $36,206,867. This represents a 0.49 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 70,741 shares of company stock valued at $2,387,771 in the last 90 days. Corporate insiders own 10.50% of the company's stock.

Regional Management Stock Performance

RM stock traded down $1.32 during midday trading on Friday, reaching $30.29. 25,758 shares of the company's stock traded hands, compared to its average volume of 32,657. The firm has a market capitalization of $297.76 million, a PE ratio of 7.28 and a beta of 1.53. The company has a 50-day moving average price of $33.63 and a two-hundred day moving average price of $32.46. Regional Management Corp. has a 52 week low of $23.35 and a 52 week high of $37.52. 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 (NYSE:RM - Get Free Report) last released its quarterly earnings data 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 return on equity of 13.20% and a net margin of 7.01%. As a group, equities analysts anticipate that Regional Management Corp. will post 4.7 EPS for the current year.

Regional Management Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 13th. Shareholders of record on Thursday, February 20th were paid a $0.30 dividend. The ex-dividend date of this dividend was Thursday, February 20th. This represents a $1.20 dividend on an annualized basis and a yield of 3.96%. Regional Management's dividend payout ratio is currently 28.85%.

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.