Connor Clark & Lunn Investment Management Ltd. Has $769,000 Position in Regional Management Corp. (NYSE:RM)

Connor Clark & Lunn Investment Management Ltd. lifted its stake in Regional Management Corp. (NYSE:RM) by 11.4% during the third quarter, HoldingsChannel reports. The fund owned 23,513 shares of the credit services provider’s stock after purchasing an additional 2,406 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in Regional Management were worth $769,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of RM. American Century Companies Inc. boosted its holdings in 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 period. Waterfall Asset Management LLC bought a new stake in Regional Management during the second quarter valued at about $632,000. Allspring Global Investments Holdings LLC boosted its holdings in Regional Management by 50.8% during the third quarter. Allspring Global Investments Holdings LLC now owns 7,416 shares of the credit services provider’s stock valued at $243,000 after acquiring an additional 2,497 shares during the period. Vanguard Group Inc. boosted its holdings in Regional Management by 3.1% during the first quarter. Vanguard Group Inc. now owns 443,851 shares of the credit services provider’s stock valued at $10,746,000 after acquiring an additional 13,414 shares during the period. Finally, Renaissance Technologies LLC boosted its holdings in Regional Management by 0.9% during the second quarter. Renaissance Technologies LLC now owns 201,537 shares of the credit services provider’s stock valued at $5,792,000 after acquiring an additional 1,800 shares during the period. 98.89% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Keefe, Bruyette & Woods increased their target price on shares of Regional Management from $28.00 to $33.00 and gave the company a “market perform” rating in a research note on Thursday, August 1st. Stephens assumed coverage on shares of Regional Management in a research note on Wednesday, November 13th. They issued an “overweight” rating and a $38.00 target price for the company.

Regional Management Stock Up 0.4 %

NYSE RM opened at $30.84 on Friday. The stock has a market cap of $313.33 million, a PE ratio of 12.96 and a beta of 1.53. The company has a debt-to-equity ratio of 3.94, a quick ratio of 44.42 and a current ratio of 44.42. Regional Management Corp. has a twelve month low of $20.50 and a twelve month high of $34.15. The firm has a 50-day simple moving average of $30.70 and a 200 day simple moving average of $30.03.

Regional Management Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 11th. Shareholders of record on Thursday, November 21st will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 3.89%. The ex-dividend date is Thursday, November 21st. Regional Management’s dividend payout ratio is 50.42%.

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.