SG Americas Securities LLC Makes New $105,000 Investment in Regional Management Corp. (NYSE:RM)

SG Americas Securities LLC acquired a new stake in Regional Management Corp. (NYSE:RM) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor acquired 3,207 shares of the credit services provider’s stock, valued at approximately $105,000.

Several other institutional investors and hedge funds have also modified their holdings of RM. Tieton Capital Management LLC increased its position in shares of Regional Management by 94.1% in the second quarter. Tieton Capital Management LLC now owns 207,390 shares of the credit services provider’s stock valued at $5,960,000 after acquiring an additional 100,560 shares during the last quarter. Waterfall Asset Management LLC acquired a new stake in Regional Management in the second quarter valued at approximately $632,000. American Century Companies Inc. raised its stake in shares of Regional Management by 18.5% during the second quarter. American Century Companies Inc. now owns 106,773 shares of the credit services provider’s stock valued at $3,069,000 after acquiring an additional 16,683 shares during the last quarter. Vanguard Group Inc. raised its holdings in Regional Management by 3.1% during the 1st 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, Marshall Wace LLP bought a new stake in shares of Regional Management in the 2nd quarter valued at $366,000. 98.89% of the stock is owned by institutional investors and hedge funds.

Regional Management Price Performance

NYSE RM opened at $28.67 on Monday. The stock has a market cap of $283.72 million, a price-to-earnings ratio of 12.47 and a beta of 1.52. The company’s 50 day moving average is $31.71 and its two-hundred day moving average is $29.53. Regional Management Corp. has a 12 month low of $20.50 and a 12 month high of $34.15. The company has a current ratio of 49.53, a quick ratio of 49.53 and a debt-to-equity ratio of 3.98.

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

Regional Management Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 12th. Stockholders of record on Wednesday, August 21st were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.19%. The ex-dividend date was Wednesday, August 21st. Regional Management’s dividend payout ratio is presently 52.17%.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods increased 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.

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.