10,319 Shares in Regional Management Corp. (NYSE:RM) Purchased by GSA Capital Partners LLP

GSA Capital Partners LLP purchased a new position in shares of Regional Management Corp. (NYSE:RM) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 10,319 shares of the credit services provider’s stock, valued at approximately $338,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of RM. Tieton Capital Management LLC raised its position in Regional Management by 94.1% during the second quarter. Tieton Capital Management LLC now owns 207,390 shares of the credit services provider’s stock valued at $5,960,000 after purchasing an additional 100,560 shares in the last quarter. Waterfall Asset Management LLC acquired a new position in Regional Management during the second quarter valued at approximately $632,000. American Century Companies Inc. raised its position in Regional Management by 18.5% during the second quarter. American Century Companies Inc. now owns 106,773 shares of the credit services provider’s stock valued at $3,069,000 after purchasing an additional 16,683 shares in the last quarter. Vanguard Group Inc. raised its position in Regional Management by 3.1% during the first quarter. Vanguard Group Inc. now owns 443,851 shares of the credit services provider’s stock valued at $10,746,000 after purchasing an additional 13,414 shares in the last quarter. Finally, Marshall Wace LLP acquired a new position in Regional Management during the second quarter valued at approximately $366,000. Institutional investors own 98.89% of the company’s stock.

Regional Management Stock Performance

Shares of Regional Management stock opened at $30.00 on Friday. The company has a quick ratio of 44.42, a current ratio of 44.42 and a debt-to-equity ratio of 3.94. Regional Management Corp. has a twelve month low of $20.50 and a twelve month high of $34.15. The stock has a market cap of $304.80 million, a price-to-earnings ratio of 12.61 and a beta of 1.53. The company’s fifty day moving average is $30.80 and its 200 day moving average is $30.01.

Regional Management Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Thursday, November 21st will be paid a $0.30 dividend. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $1.20 annualized dividend and a dividend yield of 4.00%. Regional Management’s dividend payout ratio is 50.42%.

Analyst Ratings Changes

Several research analysts have commented on RM shares. Stephens began coverage on shares of Regional Management in a research report on Wednesday, November 13th. They set an “overweight” rating and a $38.00 price objective for the company. Keefe, Bruyette & Woods upped their price target on shares of Regional Management from $28.00 to $33.00 and gave the stock a “market perform” rating in a report on Thursday, August 1st.

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.