LSV Asset Management Acquires 24,232 Shares of Regional Management Corp. $RM

LSV Asset Management grew its holdings in Regional Management Corp. (NYSE:RM) by 7.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 338,832 shares of the credit services provider’s stock after purchasing an additional 24,232 shares during the period. LSV Asset Management’s holdings in Regional Management were worth $13,130,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Hillsdale Investment Management Inc. bought a new stake in shares of Regional Management in the 3rd quarter worth $3,707,000. AQR Capital Management LLC bought a new stake in shares of Regional Management in the 1st quarter worth $201,000. Public Employees Retirement System of Ohio increased its holdings in shares of Regional Management by 36.8% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 4,910 shares of the credit services provider’s stock worth $191,000 after purchasing an additional 1,320 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Regional Management by 9.7% in the second quarter. JPMorgan Chase & Co. now owns 4,824 shares of the credit services provider’s stock worth $141,000 after acquiring an additional 425 shares during the period. Finally, Russell Investments Group Ltd. grew its holdings in shares of Regional Management by 45.4% in the third quarter. Russell Investments Group Ltd. now owns 3,526 shares of the credit services provider’s stock worth $137,000 after acquiring an additional 1,101 shares during the period. Institutional investors own 98.89% of the company’s stock.

Insider Activity

In other news, major shareholder Fund L.P. Forager sold 17,602 shares of the business’s stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $38.06, for a total value of $669,932.12. Following the transaction, the insider directly owned 994,263 shares in the company, valued at $37,841,649.78. The trade was a 1.74% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Brian J. Fisher sold 5,457 shares of the business’s stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $38.09, for a total value of $207,857.13. Following the completion of the transaction, the executive vice president owned 27,745 shares in the company, valued at $1,056,807.05. The trade was a 16.44% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 104,810 shares of company stock worth $4,036,197 over the last ninety days. Corporate insiders own 10.90% of the company’s stock.

Analyst Ratings Changes

RM has been the subject of several research analyst reports. Weiss Ratings lowered Regional Management from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday. Citizens Jmp raised Regional Management from a “market perform” rating to an “outperform” rating and set a $45.00 price objective for the company in a report on Thursday, May 21st. Wall Street Zen lowered Regional Management from a “strong-buy” rating to a “buy” rating in a report on Saturday, February 7th. Finally, Citigroup raised Regional Management to an “outperform” rating in a report on Thursday. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Regional Management presently has an average rating of “Moderate Buy” and a consensus price target of $45.00.

Regional Management Price Performance

NYSE RM opened at $35.37 on Tuesday. The company has a market capitalization of $325.77 million, a PE ratio of 7.17 and a beta of 1.04. The company has a debt-to-equity ratio of 4.30, a quick ratio of 59.88 and a current ratio of 59.88. The business’s fifty day moving average is $35.02 and its 200 day moving average is $36.22. Regional Management Corp. has a fifty-two week low of $26.06 and a fifty-two week high of $46.00.

Regional Management (NYSE:RM) last released its earnings results on Wednesday, April 29th. The credit services provider reported $1.18 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.20. The company had revenue of $167.29 million for the quarter, compared to the consensus estimate of $161.55 million. Regional Management had a return on equity of 13.16% and a net margin of 7.40%.

Regional Management Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Wednesday, May 20th will be given a dividend of $0.30 per share. The ex-dividend date is Wednesday, May 20th. This represents a $1.20 annualized dividend and a yield of 3.4%. Regional Management’s payout ratio is 24.34%.

Regional Management Profile

Regional Management Corp., headquartered in Wilmington, North Carolina, is a consumer finance company specializing in installment loan products for underbanked individuals. Since its founding in 1977, the company has developed a network of field-based branches alongside a digital platform to offer credit solutions in rural and small-town markets across the United States.

The company’s core offerings include consumer installment loans for everyday purchases, auto refinancing and lease buyouts, as well as ancillary services such as insurance referrals.