Barclays PLC Buys 9,910 Shares of Regional Management Corp. (NYSE:RM)

Barclays PLC lifted its position in Regional Management Corp. (NYSE:RM) by 73.4% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 23,416 shares of the credit services provider’s stock after acquiring an additional 9,910 shares during the quarter. Barclays PLC’s holdings in Regional Management were worth $766,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in RM. SG Americas Securities LLC purchased a new position in Regional Management in the third quarter worth $105,000. Allspring Global Investments Holdings LLC raised its stake in shares of Regional Management by 81,883.3% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 4,919 shares of the credit services provider’s stock worth $141,000 after purchasing an additional 4,913 shares during the period. Summit Global Investments purchased a new position in shares of Regional Management in the 3rd quarter worth about $209,000. PDT Partners LLC purchased a new position in shares of Regional Management in the 3rd quarter worth about $213,000. Finally, Hancock Whitney Corp bought a new position in Regional Management during the second quarter valued at about $234,000. Hedge funds and other institutional investors own 98.89% of the company’s stock.

Insider Buying and Selling at Regional Management

In other Regional Management news, CEO Robert William Beck sold 7,104 shares of the business’s stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $32.55, for a total value of $231,235.20. Following the completion of the transaction, the chief executive officer now owns 103,443 shares of the company’s stock, valued at $3,367,069.65. The trade was a 6.43 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Catherine R. Atwood sold 1,128 shares of the stock in a transaction on Friday, December 6th. The stock was sold at an average price of $33.00, for a total transaction of $37,224.00. Following the completion of the transaction, the senior vice president now directly owns 42,025 shares in the company, valued at $1,386,825. The trade was a 2.61 % decrease in their position. The disclosure for this sale can be found here. Insiders own 10.50% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Stephens began coverage on shares of Regional Management in a research report on Wednesday, November 13th. They issued an “overweight” rating and a $38.00 price objective on the stock.

Regional Management Stock Performance

NYSE:RM opened at $33.98 on Wednesday. Regional Management Corp. has a 1 year low of $20.50 and a 1 year high of $35.24. The business has a fifty day simple moving average of $31.42 and a two-hundred day simple moving average of $30.84. The company has a market capitalization of $345.34 million, a P/E ratio of 14.28 and a beta of 1.52. The company has a debt-to-equity ratio of 3.94, a current ratio of 44.42 and a quick ratio of 44.42.

Regional Management Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 11th. Investors of record on Thursday, November 21st were paid a $0.30 dividend. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $1.20 dividend on an annualized basis and a yield of 3.53%. Regional Management’s dividend payout ratio is 50.42%.

About Regional Management

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.