Barclays PLC Has $766,000 Stock Position in Regional Management Corp. (NYSE:RM)

Barclays PLC lifted its stake in shares of Regional Management Corp. (NYSE:RM) by 73.4% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 23,416 shares of the credit services provider’s stock after buying an additional 9,910 shares during the period. Barclays PLC’s holdings in Regional Management were worth $766,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of RM. Rhumbline Advisers lifted its position in shares of Regional Management by 3.9% during the 2nd quarter. Rhumbline Advisers now owns 12,430 shares of the credit services provider’s stock worth $357,000 after buying an additional 463 shares during the last quarter. State Street Corp lifted its position in shares of Regional Management by 0.6% during the 3rd quarter. State Street Corp now owns 152,572 shares of the credit services provider’s stock worth $4,991,000 after buying an additional 971 shares during the last quarter. Renaissance Technologies LLC lifted its position in shares of Regional Management by 0.9% during 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. Empowered Funds LLC lifted its position in shares of Regional Management by 5.1% during the 3rd quarter. Empowered Funds LLC now owns 41,649 shares of the credit services provider’s stock worth $1,362,000 after buying an additional 2,010 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of Regional Management by 11.4% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 23,513 shares of the credit services provider’s stock worth $769,000 after buying an additional 2,406 shares during the last quarter. 98.89% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Regional Management Price Performance

Regional Management stock opened at $34.43 on Thursday. The company has a current ratio of 44.42, a quick ratio of 44.42 and a debt-to-equity ratio of 3.94. The company has a market capitalization of $349.91 million, a PE ratio of 14.47 and a beta of 1.50. Regional Management Corp. has a 12 month low of $20.50 and a 12 month high of $35.24. The stock has a 50-day moving average price of $32.26 and a two-hundred day moving average price of $31.30.

Regional Management Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 11th. Shareholders of record on Thursday, November 21st were given a $0.30 dividend. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $1.20 annualized dividend and a yield of 3.49%. Regional Management’s dividend payout ratio is presently 50.42%.

Insider Buying and Selling at Regional Management

In other news, major shareholder Fund L.P. Forager sold 16,219 shares of the stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $34.21, for a total value of $554,851.99. Following the completion of the sale, the insider now owns 990,894 shares of the company’s stock, valued at approximately $33,898,483.74. This represents a 1.61 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Robert William Beck sold 7,104 shares of the stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $32.55, for a total value of $231,235.20. Following the completion of the sale, the chief executive officer now directly owns 103,443 shares of the company’s stock, valued at approximately $3,367,069.65. The trade was a 6.43 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 65,973 shares of company stock worth $2,179,000. 10.50% of the stock is currently owned by 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.