Regional Management Corp. (NYSE:RM) Shares Sold by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC trimmed its position in shares of Regional Management Corp. (NYSE:RM) by 11.3% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 42,391 shares of the credit services provider’s stock after selling 5,400 shares during the quarter. Los Angeles Capital Management LLC owned approximately 0.43% of Regional Management worth $1,218,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the company. BNP Paribas Financial Markets raised its holdings in 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 acquiring an additional 1,383 shares during the last quarter. Allspring Global Investments Holdings LLC increased its holdings in shares of Regional Management by 81,883.3% in the second quarter. Allspring Global Investments Holdings LLC now owns 4,919 shares of the credit services provider’s stock valued at $141,000 after purchasing an additional 4,913 shares during the last quarter. EMC Capital Management lifted its position in Regional Management by 8.1% during the first quarter. EMC Capital Management now owns 6,100 shares of the credit services provider’s stock worth $148,000 after buying an additional 459 shares in the last quarter. Quadrature Capital Ltd boosted its stake in Regional Management by 7.5% during the fourth quarter. Quadrature Capital Ltd now owns 13,634 shares of the credit services provider’s stock worth $340,000 after buying an additional 957 shares during the last quarter. Finally, Rhumbline Advisers boosted its stake in Regional Management by 3.9% during the second quarter. Rhumbline Advisers now owns 12,430 shares of the credit services provider’s stock worth $357,000 after buying an additional 463 shares during the last quarter. 98.89% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on RM. BTIG Research initiated coverage on Regional Management in a research note on Friday, June 7th. They issued a “neutral” rating for the company. Keefe, Bruyette & Woods raised their price objective 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 Stock Down 0.4 %

RM stock opened at $31.23 on Thursday. Regional Management Corp. has a one year low of $20.50 and a one year high of $34.15. The firm has a market cap of $317.30 million, a PE ratio of 13.58 and a beta of 1.53. The firm’s 50 day moving average price is $30.70 and its 200-day moving average price is $27.77. The company has a debt-to-equity ratio of 3.98, a quick ratio of 49.53 and a current ratio of 49.53.

Regional Management (NYSE:RM) last posted its earnings results on Wednesday, July 31st. The credit services provider reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.59 by $0.27. The company had revenue of $143.03 million for the quarter, compared to the consensus estimate of $143.13 million. Regional Management had a return on equity of 11.24% and a net margin of 4.37%. During the same quarter in the previous year, the business earned $0.63 earnings per share. On average, equities research analysts anticipate that Regional Management Corp. will post 4.41 EPS for the current year.

Regional Management Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 12th. Shareholders of record on Wednesday, August 21st will be given a $0.30 dividend. The ex-dividend date is Wednesday, August 21st. This represents a $1.20 dividend on an annualized basis and a yield of 3.84%. Regional Management’s payout ratio is currently 52.17%.

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.