Cubist Systematic Strategies LLC Invests $271,000 in Regional Management Corp. $RM

Cubist Systematic Strategies LLC purchased a new position in Regional Management Corp. (NYSE:RM) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 8,985 shares of the credit services provider’s stock, valued at approximately $271,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. US Bancorp DE purchased a new stake in shares of Regional Management in the first quarter worth about $31,000. Tower Research Capital LLC TRC lifted its holdings in shares of Regional Management by 49.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,019 shares of the credit services provider’s stock worth $35,000 after buying an additional 339 shares in the last quarter. BNP Paribas Financial Markets raised its stake in Regional Management by 16.2% in the fourth quarter. BNP Paribas Financial Markets now owns 2,162 shares of the credit services provider’s stock valued at $73,000 after purchasing an additional 301 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Regional Management by 8.9% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,792 shares of the credit services provider’s stock valued at $163,000 after purchasing an additional 390 shares in the last quarter. Finally, GAMMA Investing LLC raised its stake in Regional Management by 3,899.2% in the first quarter. GAMMA Investing LLC now owns 5,119 shares of the credit services provider’s stock valued at $170,000 after purchasing an additional 4,991 shares in the last quarter. 98.89% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised shares of Regional Management from a “buy” rating to a “strong-buy” rating in a research note on Sunday, August 3rd. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $34.00.

Insider Activity at Regional Management

In other Regional Management news, CEO Robert William Beck sold 10,000 shares of Regional Management stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $35.54, for a total transaction of $355,400.00. Following the transaction, the chief executive officer directly owned 79,673 shares of the company’s stock, valued at approximately $2,831,578.42. This trade represents a 11.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 10.80% of the company’s stock.

Regional Management Trading Up 1.9%

Shares of RM opened at $42.90 on Friday. The firm’s 50 day simple moving average is $36.65 and its 200 day simple moving average is $32.10. The company has a market capitalization of $420.42 million, a P/E ratio of 12.36 and a beta of 1.22. The company has a debt-to-equity ratio of 4.14, a current ratio of 45.13 and a quick ratio of 45.13. Regional Management Corp. has a 1-year low of $25.41 and a 1-year high of $44.71.

Regional Management (NYSE:RM) last posted its quarterly earnings results on Wednesday, July 30th. The credit services provider reported $1.03 EPS for the quarter, topping the consensus estimate of $0.72 by $0.31. The firm had revenue of $157.44 million for the quarter, compared to the consensus estimate of $155.22 million. Regional Management had a net margin of 5.68% and a return on equity of 10.91%. Sell-side analysts forecast that Regional Management Corp. will post 4.7 earnings per share for the current fiscal year.

Regional Management Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Wednesday, August 20th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Wednesday, August 20th. This represents a $1.20 annualized dividend and a dividend yield of 2.8%. Regional Management’s dividend payout ratio (DPR) is 34.58%.

About Regional Management

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.