EMC Capital Management Raises Holdings in Regional Management Corp. (NYSE:RM)

EMC Capital Management lifted its holdings in shares of Regional Management Corp. (NYSE:RM) by 8.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,100 shares of the credit services provider’s stock after purchasing an additional 459 shares during the period. EMC Capital Management owned about 0.06% of Regional Management worth $148,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of RM. Vanguard Group Inc. boosted its holdings in shares of Regional Management by 3.1% in the 1st quarter. Vanguard Group Inc. now owns 443,851 shares of the credit services provider’s stock valued at $10,746,000 after purchasing an additional 13,414 shares during the last quarter. Summit Global Investments boosted its holdings in shares of Regional Management by 29.1% in the 4th quarter. Summit Global Investments now owns 27,955 shares of the credit services provider’s stock valued at $701,000 after purchasing an additional 6,298 shares during the last quarter. SG Americas Securities LLC acquired a new position in shares of Regional Management in the 4th quarter valued at $102,000. Empowered Funds LLC boosted its holdings in shares of Regional Management by 8.1% in the 1st quarter. Empowered Funds LLC now owns 36,939 shares of the credit services provider’s stock valued at $894,000 after purchasing an additional 2,767 shares during the last quarter. Finally, BNP Paribas Financial Markets boosted its holdings in shares of Regional Management by 53.4% in the 1st quarter. BNP Paribas Financial Markets now owns 3,974 shares of the credit services provider’s stock valued at $96,000 after purchasing an additional 1,383 shares during the last quarter. 98.89% of the stock is owned by hedge funds and other institutional investors.

Regional Management Stock Performance

Regional Management stock traded down $0.71 during midday trading on Friday, reaching $30.18. 31,811 shares of the stock traded hands, compared to its average volume of 28,168. The company has a current ratio of 54.90, a quick ratio of 54.90 and a debt-to-equity ratio of 4.03. The firm has a fifty day moving average price of $28.49 and a two-hundred day moving average price of $26.28. The firm has a market cap of $298.78 million, a price-to-earnings ratio of 13.43 and a beta of 1.51. Regional Management Corp. has a fifty-two week low of $20.50 and a fifty-two week high of $33.99.

Regional Management (NYSE:RM) last issued its quarterly earnings results on Wednesday, July 31st. The credit services provider reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.59 by $0.27. The company had revenue of $143.03 million during the quarter, compared to analyst estimates of $143.13 million. Regional Management had a net margin of 4.37% and a return on equity of 11.37%. During the same period in the prior year, the business posted $0.63 EPS. On average, equities research analysts forecast that Regional Management Corp. will post 4.22 earnings per share for the current year.

Regional Management Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 12th. Stockholders of record on Wednesday, August 21st will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, August 21st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.98%. Regional Management’s dividend payout ratio is currently 52.17%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Keefe, Bruyette & Woods lifted their price target on shares of Regional Management from $28.00 to $33.00 and gave the company a “market perform” rating in a report on Thursday. BTIG Research started coverage on shares of Regional Management in a research report on Friday, June 7th. They issued a “neutral” rating for the company. Finally, StockNews.com raised shares of Regional Management from a “buy” rating to a “strong-buy” rating in a report on Thursday, May 2nd.

Insider Activity

In related news, Director Basswood Capital Management, L acquired 8,091 shares of the company’s stock in a transaction on Monday, May 6th. The shares were purchased at an average price of $30.04 per share, for a total transaction of $243,053.64. Following the purchase, the director now owns 478,892 shares in the company, valued at $14,385,915.68. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 10.50% of the stock is owned by company insiders.

Regional Management 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.