OppenheimerFunds Inc. acquired a new position in shares of Regional Management Corp (NYSE:RM) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 29,193 shares of the credit services provider’s stock, valued at approximately $768,000. OppenheimerFunds Inc. owned 0.25% of Regional Management at the end of the most recent quarter.
A number of other institutional investors also recently bought and sold shares of the business. The Manufacturers Life Insurance Company lifted its position in Regional Management by 6.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 9,194 shares of the credit services provider’s stock worth $218,000 after acquiring an additional 554 shares during the period. Prudential Financial Inc. lifted its position in Regional Management by 6.2% during the 3rd quarter. Prudential Financial Inc. now owns 84,345 shares of the credit services provider’s stock worth $2,042,000 after acquiring an additional 4,952 shares during the period. Russell Investments Group Ltd. lifted its position in Regional Management by 43.9% during the 3rd quarter. Russell Investments Group Ltd. now owns 17,166 shares of the credit services provider’s stock worth $415,000 after acquiring an additional 5,236 shares during the period. First Trust Advisors LP acquired a new stake in shares of Regional Management in the 4th quarter valued at approximately $221,000. Finally, Eqis Capital Management Inc. acquired a new stake in shares of Regional Management in the 4th quarter valued at approximately $231,000. 88.26% of the stock is owned by institutional investors.
In other Regional Management news, Director Roel C. Campos acquired 800 shares of the stock in a transaction dated Tuesday, March 13th. The stock was acquired at an average price of $31.56 per share, with a total value of $25,248.00. Following the completion of the transaction, the director now directly owns 29,654 shares in the company, valued at $935,880.24. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, major shareholder Basswood Capital Management, L acquired 7,881 shares of the stock in a transaction dated Friday, December 29th. The stock was acquired at an average cost of $26.40 per share, with a total value of $208,058.40. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 23,267 shares of company stock valued at $620,808 and have sold 33,325 shares valued at $928,591. Company insiders own 9.50% of the company’s stock.
Regional Management stock opened at $31.56 on Monday. The company has a current ratio of 42.60, a quick ratio of 42.60 and a debt-to-equity ratio of 2.37. The firm has a market capitalization of $368.95, a price-to-earnings ratio of 13.15 and a beta of 1.31. Regional Management Corp has a 1 year low of $18.31 and a 1 year high of $35.34.
Regional Management (NYSE:RM) last released its quarterly earnings results on Tuesday, February 13th. The credit services provider reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.02. The company had revenue of $72.11 million during the quarter, compared to the consensus estimate of $71.86 million. Regional Management had a return on equity of 12.54% and a net margin of 11.00%. sell-side analysts forecast that Regional Management Corp will post 3.12 EPS for the current fiscal year.
Several research firms have recently commented on RM. Zacks Investment Research cut Regional Management from a “buy” rating to a “hold” rating in a report on Wednesday, March 14th. ValuEngine raised Regional Management from a “buy” rating to a “strong-buy” rating in a report on Thursday, February 8th. Jefferies Group reaffirmed a “buy” rating and set a $33.00 price objective on shares of Regional Management in a report on Thursday, January 11th. BMO Capital Markets reaffirmed a “hold” rating and set a $32.00 price objective on shares of Regional Management in a report on Monday, January 8th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $27.00 price objective on shares of Regional Management in a report on Friday, December 22nd. One analyst has rated the stock with a sell rating, five have issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. Regional Management presently has a consensus rating of “Hold” and a consensus price target of $29.00.
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Regional Management Company Profile
Regional Management Corp. is a diversified consumer finance company. The Company provides an array of loan products primarily to customers with limited access to consumer credit from banks, thrifts, credit card companies and other traditional lenders. Its products include small loans, large loans, automobile loans, retail loans, and optional payment and collateral protection insurance products.
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