Regional Management Corp. (NYSE:RM) CEO Robert William Beck Sells 6,160 Shares of Stock

Regional Management Corp. (NYSE:RM - Get Free Report) CEO Robert William Beck sold 6,160 shares of the firm's stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $30.39, for a total transaction of $187,202.40. Following the transaction, the chief executive officer directly owned 89,673 shares of the company's stock, valued at approximately $2,725,162.47. This trade represents a 6.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Robert William Beck also recently made the following trade(s):

• On Monday, May 12th, Robert William Beck sold 1,665 shares of Regional Management stock. The shares were sold at an average price of $30.13, for a total value of $50,166.45.

Regional Management Trading Up 3.3%

Shares of Regional Management stock traded up $1.05 during trading hours on Friday, reaching $32.94. 31,061 shares of the company's stock were exchanged, compared to its average volume of 37,873. Regional Management Corp. has a 52-week low of $25.41 and a 52-week high of $37.52. The company has a fifty day moving average of $28.67 and a 200-day moving average of $31.44. The company has a current ratio of 45.13, a quick ratio of 45.13 and a debt-to-equity ratio of 4.11. The firm has a market capitalization of $326.76 million, a price-to-earnings ratio of 9.98 and a beta of 1.18.

Regional Management (NYSE:RM - Get Free Report) last released its earnings results on Wednesday, April 30th. The credit services provider reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.03. Regional Management had a return on equity of 10.57% and a net margin of 5.53%. The firm had revenue of $152.97 million for the quarter, compared to the consensus estimate of $153.59 million. Sell-side analysts forecast that Regional Management Corp. will post 4.7 EPS for the current fiscal year.

Regional Management Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 11th. Investors of record on Wednesday, May 21st were given a $0.30 dividend. The ex-dividend date of this dividend was Wednesday, May 21st. This represents a $1.20 annualized dividend and a dividend yield of 3.64%. Regional Management's dividend payout ratio is presently 36.36%.

Institutional Investors Weigh In On Regional Management

A number of institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its holdings in shares of Regional Management by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 454,637 shares of the credit services provider's stock valued at $15,449,000 after purchasing an additional 1,205 shares during the last quarter. Twin Lions Management LLC acquired a new stake in shares of Regional Management during the 4th quarter worth $11,157,000. Tieton Capital Management LLC raised its position in shares of Regional Management by 23.5% in the 4th quarter. Tieton Capital Management LLC now owns 255,251 shares of the credit services provider's stock worth $8,673,000 after buying an additional 48,541 shares during the period. Renaissance Technologies LLC boosted its holdings in Regional Management by 10.6% in the fourth quarter. Renaissance Technologies LLC now owns 228,937 shares of the credit services provider's stock valued at $7,779,000 after acquiring an additional 21,990 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its position in Regional Management by 45.5% during the first quarter. Goldman Sachs Group Inc. now owns 194,374 shares of the credit services provider's stock valued at $5,853,000 after acquiring an additional 60,744 shares during the period. 98.89% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Keefe, Bruyette & Woods cut their target price on shares of Regional Management from $33.00 to $30.00 and set a "market perform" rating for the company in a research note on Friday, May 2nd. Wall Street Zen lowered shares of Regional Management from a "strong-buy" rating to a "buy" rating in a research report on Sunday, May 4th.

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.