Wellington Management Group LLP Cuts Stock Holdings in Regional Management Corp. (NYSE:RM)

Wellington Management Group LLP lessened its stake in Regional Management Corp. (NYSE:RM - Free Report) by 9.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 303,515 shares of the credit services provider's stock after selling 30,400 shares during the quarter. Wellington Management Group LLP owned 2.99% of Regional Management worth $10,313,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Prudential Financial Inc. increased its holdings in Regional Management by 3.5% in the fourth quarter. Prudential Financial Inc. now owns 32,530 shares of the credit services provider's stock valued at $1,105,000 after buying an additional 1,100 shares in the last quarter. Tieton Capital Management LLC increased its stake in Regional Management by 23.5% in the 4th quarter. Tieton Capital Management LLC now owns 255,251 shares of the credit services provider's stock valued at $8,673,000 after purchasing an additional 48,541 shares in the last quarter. Vanguard Group Inc. boosted its position in Regional Management by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 454,637 shares of the credit services provider's stock worth $15,449,000 after purchasing an additional 1,205 shares in the last quarter. American Century Companies Inc. increased its position 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 valued at $4,577,000 after buying an additional 5,433 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of Regional Management by 23.2% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 28,963 shares of the credit services provider's stock worth $984,000 after buying an additional 5,450 shares during the last quarter. Institutional investors and hedge funds own 98.89% of the company's stock.

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Insider Activity at Regional Management

In other Regional Management news, major shareholder Fund L.P. Forager sold 16,219 shares of the business's stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $34.21, for a total value of $554,851.99. Following the completion of the transaction, the insider now directly owns 990,894 shares in the company, valued at approximately $33,898,483.74. The trade was a 1.61 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Robert William Beck sold 13,000 shares of the firm's stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $36.71, for a total value of $477,230.00. Following the sale, the chief executive officer now owns 101,673 shares in the company, valued at $3,732,415.83. This trade represents a 11.34 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 10.50% of the company's stock.

Regional Management Price Performance

NYSE RM traded up $0.75 during trading hours on Tuesday, reaching $31.46. The company's stock had a trading volume of 2,237 shares, compared to its average volume of 33,564. 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 company's 50-day moving average is $31.93 and its two-hundred day moving average is $32.21. Regional Management Corp. has a fifty-two week low of $24.39 and a fifty-two week high of $37.52. The stock has a market cap of $309.31 million, a PE ratio of 7.56 and a beta of 1.27.

Regional Management (NYSE:RM - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The credit services provider reported $0.98 EPS for the quarter, beating 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%. Analysts forecast that Regional Management Corp. will post 4.7 EPS for the current year.

Regional Management Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 13th. Stockholders of record on Thursday, February 20th were issued a $0.30 dividend. The ex-dividend date was Thursday, February 20th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.81%. Regional Management's dividend payout ratio (DPR) is 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.