Tieton Capital Management LLC trimmed its holdings in shares of Regional Management Corp (NYSE:RM) by 4.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 242,255 shares of the credit services provider’s stock after selling 10,140 shares during the period. Regional Management makes up about 5.5% of Tieton Capital Management LLC’s holdings, making the stock its 3rd biggest position. Tieton Capital Management LLC’s holdings in Regional Management were worth $6,374,000 at the end of the most recent quarter.
A number of other large investors have also bought and sold shares of the stock. Teachers Advisors LLC grew its stake in Regional Management by 0.9% in the second quarter. Teachers Advisors LLC now owns 17,045 shares of the credit services provider’s stock valued at $403,000 after purchasing an additional 152 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in Regional Management by 6.4% in the second quarter. The Manufacturers Life Insurance Company now owns 9,194 shares of the credit services provider’s stock valued at $218,000 after purchasing an additional 554 shares in the last quarter. Public Employees Retirement System of Ohio grew its stake in Regional Management by 18.1% in the second quarter. Public Employees Retirement System of Ohio now owns 31,834 shares of the credit services provider’s stock valued at $752,000 after purchasing an additional 4,881 shares in the last quarter. Prudential Financial Inc. grew its stake in Regional Management by 6.2% in the third quarter. Prudential Financial Inc. now owns 84,345 shares of the credit services provider’s stock valued at $2,042,000 after purchasing an additional 4,952 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its stake in Regional Management by 43.9% in the third quarter. Russell Investments Group Ltd. now owns 17,166 shares of the credit services provider’s stock valued at $415,000 after purchasing an additional 5,236 shares in the last quarter. 85.61% of the stock is currently owned by hedge funds and other institutional investors.
In other Regional Management news, major shareholder Basswood Capital Management, L bought 7,881 shares of the firm’s stock in a transaction that occurred on Friday, December 29th. The stock was purchased at an average price of $26.40 per share, for a total transaction of $208,058.40. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Daniel J. Taggart sold 3,200 shares of the stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $30.45, for a total value of $97,440.00. Following the sale, the senior vice president now owns 3,351 shares of the company’s stock, valued at approximately $102,037.95. The disclosure for this sale can be found here. In the last quarter, insiders have sold 33,325 shares of company stock valued at $928,591. 9.50% of the stock is currently owned by corporate insiders.
Shares of Regional Management Corp (NYSE RM) opened at $30.70 on Tuesday. The stock has a market capitalization of $357.96, a PE ratio of 12.76 and a beta of 1.42. Regional Management Corp has a 52 week low of $18.31 and a 52 week high of $35.34. The company has a debt-to-equity ratio of 2.34, a quick ratio of 39.39 and a current ratio of 39.39.
Regional Management (NYSE:RM) last released its quarterly earnings results on Tuesday, February 13th. The credit services provider reported $0.62 earnings per share (EPS) 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 12.80% and a net margin of 11.00%. research analysts expect that Regional Management Corp will post 3.16 earnings per share for the current year.
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About Regional Management
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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