Regional Management (NYSE:RM) Director Sandra Johnson Sells 2,700 Shares of Company Stock

Key Points

• Director Sandra Johnson sold 2,700 shares at an average $38.57 per share, for about $104,139. She retained 17,873 shares, a 13.12% reduction in her position.
• Regional Management reported quarterly EPS of $1.61, beating the $1.47 consensus, and revenue of $178.78 million, above expectations of $174.69 million.
• The company declared a $0.30 quarterly dividend, equivalent to a 3.3% yield. Analysts’ consensus rating was “Moderate Buy,” with a $41.50 average price target.

Regional Management Corp. (NYSE:RM - Get Free Report) Director Sandra Johnson sold 2,700 shares of the company's stock in a transaction on Thursday, November 5th. The shares were sold at an average price of $38.57, for a total value of $104,139.00. Following the completion of the sale, the director directly owned 17,873 shares in the company, valued at $689,361.61. This trade represents a 13.12% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Regional Management Price Performance

Shares of NYSE:RM traded down $1.35 during midday trading on Friday, hitting $36.27. 72,594 shares of the stock were exchanged, compared to its average volume of 73,737. The stock has a market cap of $324.46 million, a P/E ratio of 7.34 and a beta of 1.08. The company has a current ratio of 60.68, a quick ratio of 64.04 and a debt-to-equity ratio of 4.58. Regional Management Corp. has a twelve month low of $29.89 and a twelve month high of $44.29. The company has a 50 day moving average price of $33.26 and a 200-day moving average price of $35.36.

Regional Management (NYSE:RM - Get Free Report) last issued its quarterly earnings data on Wednesday, October 28th. The credit services provider reported $1.61 EPS for the quarter, beating analysts' consensus estimates of $1.47 by $0.14. Regional Management had a net margin of 6.96% and a return on equity of 12.61%. The firm had revenue of $178.78 million for the quarter, compared to analysts' expectations of $174.69 million.

Regional Management Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 16th. Investors of record on Wednesday, November 18th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 3.3%. The ex-dividend date is Wednesday, November 18th. Regional Management's payout ratio is currently 24.29%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on RM. Citigroup reissued a "market outperform" rating on shares of Regional Management in a research report on Thursday, July 30th. Weiss Ratings upgraded Regional Management from a "hold (c)" rating to a "hold (c+)" rating in a report on Monday. Stephens increased their price objective on shares of Regional Management from $38.50 to $40.00 and gave the stock an "overweight" rating in a research report on Thursday, October 29th. Wall Street Zen raised Regional Management from a "hold" rating to a "buy" rating in a research report on Monday, October 12th. Finally, Citizens Jmp reduced their price objective on Regional Management from $45.00 to $43.00 and set a "market outperform" rating on the stock in a research note on Thursday, July 30th. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $41.50.

Hedge Funds Weigh In On Regional Management

A number of institutional investors have recently bought and sold shares of the stock. GAMMA Investing LLC increased its holdings in Regional Management by 183.8% in the third quarter. GAMMA Investing LLC now owns 931 shares of the credit services provider's stock worth $28,000 after buying an additional 603 shares during the last quarter. Legal & General Group Plc bought a new stake in Regional Management in the second quarter worth approximately $33,000. Versant Capital Management Inc grew its position in Regional Management by 140.7% in the third quarter. Versant Capital Management Inc now owns 1,663 shares of the credit services provider's stock worth $50,000 after acquiring an additional 972 shares in the last quarter. State of Alaska Department of Revenue increased its stake in shares of Regional Management by 145.1% during the 3rd quarter. State of Alaska Department of Revenue now owns 5,067 shares of the credit services provider's stock worth $153,000 after purchasing an additional 3,000 shares during the last quarter. Finally, Algert Global LLC acquired a new position in shares of Regional Management during the 2nd quarter worth $209,000. Hedge funds and other institutional investors own 98.89% of the company's stock.

About Regional Management

Regional Management Corp. NYSE: RM is a consumer finance company that provides credit products to individuals who may have limited access to traditional bank financing. The company primarily offers small and medium-sized installment loans, including secured and unsecured personal loans, through a network of local branches and digital channels.

Its services may also include optional credit-related products, such as insurance and other ancillary offerings associated with consumer lending.

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