American Century Companies Inc. Purchases 5,433 Shares of Regional Management Corp. (NYSE:RM)

American Century Companies Inc. grew its position in shares of Regional Management Corp. (NYSE:RM) by 4.2% during the 4th quarter, Holdings Channel reports. The institutional investor owned 134,683 shares of the credit services provider’s stock after buying an additional 5,433 shares during the quarter. American Century Companies Inc.’s holdings in Regional Management were worth $4,577,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. JPMorgan Chase & Co. raised its position in shares of Regional Management by 15.6% in the third quarter. JPMorgan Chase & Co. now owns 4,233 shares of the credit services provider’s stock valued at $138,000 after buying an additional 572 shares in the last quarter. SG Americas Securities LLC grew its position in Regional Management by 38.0% during the fourth quarter. SG Americas Securities LLC now owns 4,425 shares of the credit services provider’s stock worth $150,000 after buying an additional 1,218 shares in the last quarter. Pacific Global Investment Management Co. increased its stake in Regional Management by 9.8% during the 4th quarter. Pacific Global Investment Management Co. now owns 7,433 shares of the credit services provider’s stock worth $253,000 after acquiring an additional 665 shares during the period. Barclays PLC raised its holdings in Regional Management by 73.4% in the 3rd quarter. Barclays PLC now owns 23,416 shares of the credit services provider’s stock valued at $766,000 after acquiring an additional 9,910 shares in the last quarter. Finally, Proficio Capital Partners LLC bought a new stake in shares of Regional Management during the 4th quarter valued at $831,000. Institutional investors and hedge funds own 98.89% of the company’s stock.

Regional Management Stock Performance

RM opened at $27.86 on Friday. The company has a debt-to-equity ratio of 3.94, a quick ratio of 44.42 and a current ratio of 44.42. Regional Management Corp. has a 52-week low of $24.39 and a 52-week high of $37.52. The firm has a market cap of $273.92 million, a P/E ratio of 6.70 and a beta of 1.27. The business’s fifty day moving average is $33.00 and its 200-day moving average is $32.37.

Regional Management (NYSE:RM) last announced its quarterly earnings data on Wednesday, February 5th. The credit services provider reported $0.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.88 by $0.10. Regional Management had a net margin of 7.01% and a return on equity of 13.20%. Sell-side analysts expect that Regional Management Corp. will post 4.7 EPS for the current fiscal year.

Regional Management Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 13th. Investors of record on Thursday, February 20th were paid a $0.30 dividend. The ex-dividend date was Thursday, February 20th. This represents a $1.20 dividend on an annualized basis and a yield of 4.31%. Regional Management’s dividend payout ratio (DPR) is 28.85%.

Insider Buying and Selling at Regional Management

In other news, CEO Robert William Beck sold 13,000 shares of the stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $36.71, for a total value of $477,230.00. Following the completion of the transaction, the chief executive officer now owns 101,673 shares of the company’s stock, valued at approximately $3,732,415.83. This represents a 11.34 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Fund L.P. Forager sold 21,805 shares of Regional Management stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $32.17, for a total transaction of $701,466.85. Following the sale, the insider now directly owns 1,021,216 shares in the company, valued at $32,852,518.72. This trade represents a 2.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 65,441 shares of company stock worth $2,210,221 over the last three months. Corporate insiders own 10.50% of the company’s stock.

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.