Empowered Funds LLC Acquires 2,010 Shares of Regional Management Corp. (NYSE:RM)

Empowered Funds LLC grew its holdings in shares of Regional Management Corp. (NYSE:RM) by 5.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 41,649 shares of the credit services provider’s stock after acquiring an additional 2,010 shares during the period. Empowered Funds LLC’s holdings in Regional Management were worth $1,362,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in Regional Management by 3.1% in the first quarter. Vanguard Group Inc. now owns 443,851 shares of the credit services provider’s stock worth $10,746,000 after buying an additional 13,414 shares during the last quarter. Tieton Capital Management LLC lifted its stake in shares of Regional Management by 94.1% during the second quarter. Tieton Capital Management LLC now owns 207,390 shares of the credit services provider’s stock worth $5,960,000 after buying an additional 100,560 shares during the period. Renaissance Technologies LLC boosted its position in Regional Management by 0.9% in the second quarter. Renaissance Technologies LLC now owns 201,537 shares of the credit services provider’s stock valued at $5,792,000 after buying an additional 1,800 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of Regional Management by 5.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 111,610 shares of the credit services provider’s stock valued at $3,208,000 after buying an additional 5,588 shares during the last quarter. Finally, American Century Companies Inc. increased its holdings in shares of Regional Management by 18.5% during the 2nd quarter. American Century Companies Inc. now owns 106,773 shares of the credit services provider’s stock valued at $3,069,000 after purchasing an additional 16,683 shares in the last quarter. Hedge funds and other institutional investors own 98.89% of the company’s stock.

Regional Management Trading Up 1.9 %

Shares of RM stock opened at $29.93 on Friday. The company has a quick ratio of 44.42, a current ratio of 44.42 and a debt-to-equity ratio of 3.94. The stock has a market cap of $304.09 million, a P/E ratio of 12.58 and a beta of 1.53. The business has a fifty day simple moving average of $30.86 and a 200-day simple moving average of $30.01. Regional Management Corp. has a fifty-two week low of $20.50 and a fifty-two week high of $34.15.

Regional Management Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Shareholders of record on Thursday, November 21st will be paid a $0.30 dividend. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $1.20 annualized dividend and a yield of 4.01%. Regional Management’s payout ratio is currently 50.42%.

Analyst Ratings Changes

RM has been the topic of a number of research analyst reports. Stephens assumed coverage on Regional Management in a research note on Wednesday, November 13th. They issued an “overweight” rating and a $38.00 price target on the stock. Keefe, Bruyette & Woods increased their price target on shares of Regional Management from $28.00 to $33.00 and gave the stock a “market perform” rating in a research report on Thursday, August 1st.

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.