Advisor Group Holdings Inc. acquires 400 shares of Regional Management Corp. (NYSE:RM)


Advisor Group Holdings Inc. increased its holdings of Regional Management Corp. shares. (NYSE:RMGet a rating) by 8.8% in Q1, according to its most recent 13F filing with the SEC. The fund held 4,941 shares of the credit service provider after acquiring an additional 400 shares during the period. Advisor Group Holdings Inc. owned approximately 0.05% of regional management worth $2,903,000 at the end of the most recent reporting period.

A number of other large investors also changed their positions in RM. Fuller & Thaler Asset Management Inc. increased its holdings in Regional Management shares by 0.4% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 61,976 shares of the credit services provider valued at $3,561,000 after buying 275 additional shares last quarter. Lazard Asset Management LLC increased its equity stake in Regional Management by 61.3% during the 4th quarter. Lazard Asset Management LLC now owns 953 shares of the credit service provider valued at $54,000 after buying an additional 362 shares last quarter. MBM Wealth Consultants LLC increased its equity stake in Regional Management by 10.8% during the 4th quarter. MBM Wealth Consultants LLC now owns 6,574 shares of the credit services provider valued at $378,000 after purchasing an additional 641 shares last quarter. BNP Paribas Arbitrage SA increased its stake in Regional Management shares by 45.2% during the 4th quarter. BNP Paribas Arbitrage SA now owns 2,680 shares of the credit services provider valued at $154,000 after buying 834 additional shares last quarter. Finally, First Trust Advisors LP increased its holding in Regional Management shares by 9.9% during the 4th quarter. First Trust Advisors LP now owns 14,953 shares of the credit service provider valued at $859,000 after buying an additional 1,344 shares last quarter. Institutional investors hold 89.95% of the company’s shares.

Regional management inventory up 0.7%

NYSE:RM opened at $38.54 on Friday. The company has a market capitalization of $372.68 million, a price-earnings ratio of 4.78 and a beta of 1.38. Regional Management Corp. has a 12-month low of $36.50 and a 12-month high of $67.60. The stock’s 50-day moving average price is $39.68 and its two-hundred-day moving average price is $44.89. The company has a quick ratio of 30.17, a current ratio of 42.38 and a leverage ratio of 3.96.

Announcement of the regional management dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 15. Shareholders of record on Wednesday August 24 will receive a dividend of $0.30 per share. This represents an annualized dividend of $1.20 and a dividend yield of 3.11%. The ex-dividend date is Tuesday, August 23. The Regional Management’s dividend distribution rate (DPR) is 14.89%.

Changes to analyst ratings

Several stock analysts have weighed in on the company recently. Keefe, Bruyette & Woods cut their price target on regional management from $53.00 to $41.00 in a Monday, July 11 report. BMO Capital Markets cut its target price on regional management from $58.00 to $52.00 in a Friday, August 5 research note.

Insiders place their bets

In other regional management news, Basswood Capital Management director L sold 12,652 shares of the company in a trade that took place on Thursday, August 11. The stock was sold at an average price of $38.61, for a total transaction of $488,493.72. Following the transaction, the director now owns 822,554 shares of the company, valued at approximately $31,758,809.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, accessible via the SEC website. In related news, Basswood Capital Management director L sold 12,652 shares of the company in a trade that took place on Thursday, August 11. The stock was sold at an average price of $38.61, for a total transaction of $488,493.72. As a result of the transaction, the administrator now directly owns 822,554 shares of the company, valued at approximately $31,758,809.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, accessible via this hyperlink. Additionally, director Sandra K. Johnson sold 1,687 shares of the company in a trade that took place on Monday, May 23. The stock was sold at an average price of $44.77, for a total value of $75,526.99. As a result of the transaction, the administrator now directly owns 4,997 shares of the company, valued at $223,715.69. Disclosure of this sale can be found here. Insiders sold 20,339 shares of the company valued at $791,481 in the past 90 days. 8.90% of the shares are currently held by insiders.

About regional management

(Get a rating)

Regional Management Corp., a diversified consumer finance company, offers 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.

See also

Institutional Ownership by Quarter for Regional Management (NYSE:RM)



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