Marshall Wace LLP Invests $366,000 in Regional Management Corp. (NYSE:RM)

Marshall Wace LLP acquired a new stake in Regional Management Corp. (NYSE:RM) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 12,728 shares of the credit services provider’s stock, valued at approximately $366,000.

A number of other hedge funds also recently added to or reduced their stakes in the business. EMC Capital Management raised its position in shares of Regional Management by 8.1% in the 1st quarter. EMC Capital Management now owns 6,100 shares of the credit services provider’s stock worth $148,000 after acquiring an additional 459 shares in the last quarter. Rhumbline Advisers raised its holdings in Regional Management by 3.9% in the second quarter. Rhumbline Advisers now owns 12,430 shares of the credit services provider’s stock worth $357,000 after purchasing an additional 463 shares in the last quarter. Quadrature Capital Ltd lifted its position 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 valued at $340,000 after buying an additional 957 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in shares of 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 buying an additional 1,383 shares in the last quarter. Finally, Renaissance Technologies LLC grew its position in shares of Regional Management by 0.9% in the 2nd quarter. Renaissance Technologies LLC now owns 201,537 shares of the credit services provider’s stock worth $5,792,000 after buying an additional 1,800 shares during the last quarter. 98.89% of the stock is owned by hedge funds and other institutional investors.

Regional Management Trading Up 0.3 %

Shares of NYSE:RM opened at $29.89 on Friday. 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 capitalization of $303.68 million, a P/E ratio of 13.00 and a beta of 1.52. The business’s 50-day moving average is $31.64 and its 200 day moving average is $28.98. Regional Management Corp. has a 1 year low of $20.50 and a 1 year high of $34.15.

Regional Management (NYSE:RM) last announced its quarterly earnings data on Wednesday, July 31st. The credit services provider reported $0.86 EPS for the quarter, beating the consensus estimate of $0.59 by $0.27. The firm had revenue of $143.03 million during the quarter, compared to analyst estimates 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 posted $0.63 EPS. On average, research analysts predict that Regional Management Corp. will post 4.41 earnings per share for the current fiscal year.

Regional Management Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 12th. Investors of record on Wednesday, August 21st were given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 4.01%. The ex-dividend date was Wednesday, August 21st. Regional Management’s payout ratio is 52.17%.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods raised 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.

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.