American Century Companies Inc. Acquires 16,683 Shares of Regional Management Corp. (NYSE:RM)

American Century Companies Inc. lifted its position in shares of Regional Management Corp. (NYSE:RM) by 18.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 106,773 shares of the credit services provider’s stock after purchasing an additional 16,683 shares during the period. American Century Companies Inc.’s holdings in Regional Management were worth $3,069,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in RM. Quadrature Capital Ltd grew its holdings in shares of 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 purchasing an additional 957 shares during the last quarter. BNP Paribas Financial Markets grew its holdings in shares of Regional Management by 53.4% during the first quarter. BNP Paribas Financial Markets now owns 3,974 shares of the credit services provider’s stock worth $96,000 after purchasing an additional 1,383 shares during the last quarter. Empowered Funds LLC grew its holdings in shares of Regional Management by 8.1% during the first quarter. Empowered Funds LLC now owns 36,939 shares of the credit services provider’s stock worth $894,000 after purchasing an additional 2,767 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Regional Management by 3.1% during the first quarter. Vanguard Group Inc. now owns 443,851 shares of the credit services provider’s stock worth $10,746,000 after purchasing an additional 13,414 shares during the last quarter. Finally, EMC Capital Management grew its holdings in shares of 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 purchasing an additional 459 shares during the last quarter. 98.89% of the stock is currently owned by institutional investors.

Regional Management Price Performance

Regional Management stock opened at $33.09 on Friday. The stock’s 50 day moving average is $31.66 and its 200 day moving average is $28.52. The company has a debt-to-equity ratio of 3.98, a current ratio of 49.53 and a quick ratio of 49.53. The firm has a market cap of $336.19 million, a P/E ratio of 14.39 and a beta of 1.53. Regional Management Corp. has a one year low of $20.50 and a one year high of $34.15.

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

Regional Management Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 12th. Shareholders of record on Wednesday, August 21st were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 3.63%. The ex-dividend date was Wednesday, August 21st. Regional Management’s dividend payout ratio (DPR) is presently 52.17%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on RM. Keefe, Bruyette & Woods lifted their price objective on Regional Management from $28.00 to $33.00 and gave the stock a “market perform” rating in a research note on Thursday, August 1st. BTIG Research began coverage on Regional Management in a research note on Friday, June 7th. They issued a “neutral” rating on the stock.

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.