Tieton Capital Management LLC Raises Stock Holdings in Regional Management Corp. (NYSE:RM)

Tieton Capital Management LLC raised its position in shares of Regional Management Corp. (NYSE:RM) by 94.1% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 207,390 shares of the credit services provider’s stock after purchasing an additional 100,560 shares during the quarter. Regional Management accounts for 3.3% of Tieton Capital Management LLC’s portfolio, making the stock its 14th largest position. Tieton Capital Management LLC’s holdings in Regional Management were worth $5,960,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Quadrature Capital Ltd lifted its holdings in shares of Regional Management by 7.5% during the fourth quarter. Quadrature Capital Ltd now owns 13,634 shares of the credit services provider’s stock worth $340,000 after purchasing an additional 957 shares during the period. BNP Paribas Financial Markets lifted its stake in Regional Management by 53.4% during the 1st quarter. BNP Paribas Financial Markets now owns 3,974 shares of the credit services provider’s stock valued at $96,000 after acquiring an additional 1,383 shares during the period. Empowered Funds LLC boosted its holdings in shares of Regional Management by 8.1% in the 1st quarter. Empowered Funds LLC now owns 36,939 shares of the credit services provider’s stock valued at $894,000 after acquiring an additional 2,767 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Regional Management by 3.1% in the first quarter. Vanguard Group Inc. now owns 443,851 shares of the credit services provider’s stock worth $10,746,000 after acquiring an additional 13,414 shares during the period. Finally, EMC Capital Management raised its holdings in shares of Regional Management by 8.1% during the first quarter. EMC Capital Management now owns 6,100 shares of the credit services provider’s stock worth $148,000 after purchasing an additional 459 shares during the last quarter. 98.89% of the stock is owned by institutional investors and hedge funds.

Regional Management Stock Performance

RM opened at $32.47 on Tuesday. The firm has a fifty day moving average price of $30.99 and a 200 day moving average price of $28.00. Regional Management Corp. has a 1 year low of $20.50 and a 1 year high of $34.15. The stock has a market cap of $329.90 million, a P/E ratio of 14.12 and a beta of 1.53. The company has a debt-to-equity ratio of 3.98, a current ratio of 49.53 and a quick ratio of 49.53.

Regional Management (NYSE:RM) last released its quarterly earnings data on Wednesday, July 31st. The credit services provider reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.59 by $0.27. Regional Management had a net margin of 4.37% and a return on equity of 11.24%. The company had revenue of $143.03 million during the quarter, compared to analysts’ expectations of $143.13 million. During the same quarter in the previous year, the company earned $0.63 earnings per share. Equities research analysts anticipate that Regional Management Corp. will post 4.41 earnings per share for the current year.

Regional Management Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 12th. Shareholders of record on Wednesday, August 21st were given a dividend of $0.30 per share. The ex-dividend date was Wednesday, August 21st. This represents a $1.20 dividend on an annualized basis and a yield of 3.70%. Regional Management’s dividend payout ratio is currently 52.17%.

Analyst Upgrades and Downgrades

Several research firms have commented on RM. Keefe, Bruyette & Woods upped their price target on shares of Regional Management from $28.00 to $33.00 and gave the company a “market perform” rating in a report on Thursday, August 1st. BTIG Research initiated coverage on Regional Management in a report on Friday, June 7th. They issued a “neutral” rating for the company.

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.