Tieton Capital Management LLC Invests $13.11 Million in Regional Management Corp. $RM

by · The Markets Daily

Tieton Capital Management LLC bought a new position in shares of Regional Management Corp. (NYSE:RMFree Report) in the second quarter, Holdings Channel.com reports. The fund bought 318,259 shares of the credit services provider’s stock, valued at approximately $13,112,000. Regional Management makes up about 3.8% of Tieton Capital Management LLC’s holdings, making the stock its 8th largest holding.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. State of Alaska Department of Revenue bought a new stake in Regional Management during the fourth quarter valued at $25,000. Wexford Capital LP bought a new stake in shares of Regional Management during the 3rd quarter valued at about $32,000. Advisory Services Network LLC bought a new stake in shares of Regional Management during the 3rd quarter valued at about $39,000. Kestra Advisory Services LLC acquired a new stake in Regional Management during the fourth quarter worth approximately $49,000. Finally, BNP Paribas Financial Markets increased its holdings in Regional Management by 45.3% in the third quarter. BNP Paribas Financial Markets now owns 2,077 shares of the credit services provider’s stock worth $81,000 after purchasing an additional 648 shares in the last quarter. Institutional investors and hedge funds own 98.89% of the company’s stock.

Insider Transactions at Regional Management

In related news, CEO Lakhbir S. Lamba bought 3,500 shares of the company’s stock in a transaction dated Wednesday, August 12th. The shares were bought at an average price of $31.76 per share, for a total transaction of $111,160.00. Following the completion of the acquisition, the chief executive officer directly owned 55,734 shares of the company’s stock, valued at $1,770,111.84. This trade represents a 6.70% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Sandra K. Johnson sold 1,000 shares of Regional Management stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $36.00, for a total value of $36,000.00. Following the transaction, the director directly owned 21,933 shares in the company, valued at approximately $789,588. The trade was a 4.36% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 5,874 shares of company stock valued at $245,028 over the last ninety days. 10.90% of the stock is currently owned by insiders.

Regional Management Trading Down 1.1%

NYSE RM opened at $33.61 on Thursday. The company has a market cap of $310.21 million, a price-to-earnings ratio of 7.08 and a beta of 1.02. Regional Management Corp. has a 52 week low of $30.46 and a 52 week high of $46.00. The business has a 50 day moving average price of $38.36 and a 200-day moving average price of $36.11. The company has a quick ratio of 64.04, a current ratio of 64.04 and a debt-to-equity ratio of 4.41.

Regional Management (NYSE:RMGet Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The credit services provider reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.04. Regional Management had a net margin of 6.98% and a return on equity of 12.49%. The business had revenue of $168.01 million during the quarter, compared to the consensus estimate of $165.69 million.

Regional Management Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 16th. Investors of record on Wednesday, August 19th will be given a $0.30 dividend. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $1.20 annualized dividend and a yield of 3.6%. Regional Management’s dividend payout ratio (DPR) is presently 25.26%.

Analyst Ratings Changes

RM has been the topic of several recent analyst reports. Wall Street Zen lowered Regional Management from a “buy” rating to a “hold” rating in a research note on Sunday, August 9th. Weiss Ratings lowered shares of Regional Management from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, August 7th. Citigroup reiterated a “market outperform” rating on shares of Regional Management in a research report on Thursday, July 30th. Finally, Citizens Jmp reduced their price target on shares of Regional Management from $45.00 to $43.00 and set a “market outperform” rating for the company in a report on Thursday, July 30th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, Regional Management has a consensus rating of “Moderate Buy” and a consensus price target of $43.00.

View Our Latest Research Report on RM

About Regional Management

(Free Report)

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.

See Also

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