Regional Management Corp. (NYSE:RM) Shares Bought by Fmr LLC

Fmr LLC raised its stake in Regional Management Corp. (NYSE:RM) by 34.1% during the 3rd quarter, HoldingsChannel reports. The firm owned 31,384 shares of the credit services provider’s stock after acquiring an additional 7,985 shares during the period. Fmr LLC’s holdings in Regional Management were worth $1,027,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of the stock. SG Americas Securities LLC purchased a new position in Regional Management in the 3rd quarter valued at $105,000. Allspring Global Investments Holdings LLC lifted its stake in shares of Regional Management by 81,883.3% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 4,919 shares of the credit services provider’s stock worth $141,000 after acquiring an additional 4,913 shares during the period. Summit Global Investments purchased a new stake in shares of Regional Management in the third quarter valued at about $209,000. Hancock Whitney Corp acquired a new position in shares of Regional Management during the second quarter worth about $234,000. Finally, GSA Capital Partners LLP purchased a new position in Regional Management during the third quarter worth about $338,000. Institutional investors and hedge funds own 98.89% of the company’s stock.

Analysts Set New Price Targets

Separately, Stephens started coverage on Regional Management in a research report on Wednesday, November 13th. They set an “overweight” rating and a $38.00 target price on the stock.

Regional Management Price Performance

Regional Management stock opened at $34.17 on Tuesday. 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 one year low of $20.50 and a one year high of $35.24. The company has a market cap of $347.17 million, a P/E ratio of 14.36 and a beta of 1.52. The business has a fifty day moving average of $30.89 and a two-hundred day moving average of $30.46.

Regional Management Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 11th. Investors of record on Thursday, November 21st were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 3.51%. The ex-dividend date of this dividend was Thursday, November 21st. Regional Management’s dividend payout ratio is currently 50.42%.

Insiders Place Their Bets

In other news, CEO Robert William Beck sold 7,104 shares of Regional Management stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $32.55, for a total transaction 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 SEC, which is available through this hyperlink. Also, SVP Catherine R. Atwood sold 1,128 shares of Regional Management stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $33.00, for a total transaction of $37,224.00. Following the transaction, the senior vice president now owns 42,025 shares of the company’s stock, valued at approximately $1,386,825. The trade was a 2.61 % decrease in their position. The disclosure for this sale can be found here. 10.50% of the stock is currently owned by company insiders.

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.