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

Regional Management Corp. (NYSE:RM - Get Free Report) CEO Robert William Beck sold 6,160 shares of the company'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 value 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. The trade was a 6.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

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 transaction of $50,166.45.

Regional Management Trading Up 3.3%

Regional Management stock traded up $1.05 during midday trading on Friday, reaching $32.94. 31,061 shares of the stock traded hands, compared to its average volume of 37,867. The firm has a market cap of $326.76 million, a PE ratio of 9.98 and a beta of 1.18. 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 company has a 50-day simple moving average of $28.67 and a two-hundred day simple moving average of $31.44. Regional Management Corp. has a 12-month low of $25.41 and a 12-month high of $37.52.

Regional Management (NYSE:RM - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The credit services provider reported $0.70 earnings per share for the quarter, topping analysts' consensus estimates of $0.67 by $0.03. The business had revenue of $152.97 million for the quarter, compared to analyst estimates of $153.59 million. Regional Management had a return on equity of 10.57% and a net margin of 5.53%. Research analysts expect that Regional Management Corp. will post 4.7 earnings per share for the current fiscal year.

Regional Management Announces Dividend

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

Wall Street Analyst Weigh In

RM has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods cut their price target on shares of Regional Management from $33.00 to $30.00 and set a "market perform" rating for the company in a report on Friday, May 2nd. Wall Street Zen lowered Regional Management from a "strong-buy" rating to a "buy" rating in a research note on Sunday, May 4th.

Hedge Funds Weigh In On Regional Management

A number of institutional investors and hedge funds have recently modified their holdings of RM. US Bancorp DE purchased a new stake in Regional Management during the 1st quarter worth about $31,000. Tower Research Capital LLC TRC raised its position in shares of Regional Management by 49.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,019 shares of the credit services provider's stock worth $35,000 after acquiring an additional 339 shares in the last quarter. BNP Paribas Financial Markets lifted its stake in Regional Management by 16.2% during the fourth quarter. BNP Paribas Financial Markets now owns 2,162 shares of the credit services provider's stock worth $73,000 after purchasing an additional 301 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Regional Management by 8.9% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,792 shares of the credit services provider's stock worth $163,000 after purchasing an additional 390 shares during the last quarter. Finally, GAMMA Investing LLC boosted its holdings in Regional Management by 3,899.2% in the first quarter. GAMMA Investing LLC now owns 5,119 shares of the credit services provider's stock valued at $170,000 after purchasing an additional 4,991 shares in the last quarter. Institutional investors and hedge funds own 98.89% of the company's stock.

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.