Regional Management (NYSE:RM) CEO Acquires $111,160.00 in Stock

Key Points

• CEO Lakhbir Lamba purchased 3,500 Regional Management shares at an average price of $31.76, investing $111,160 and increasing his direct stake by 6.7% to 55,734 shares.
• Regional Management reported quarterly EPS of $0.85, beating estimates by $0.04, while revenue of $168.01 million also exceeded expectations. The company declared a quarterly dividend of $0.30 per share, implying a 3.7% yield.
• Shares recently traded at $32.65, near their 52-week low, while analysts maintained a generally positive outlook with a “Moderate Buy” consensus and an average price target of $43.00.

Regional Management Corp. (NYSE:RM - Get Free Report) CEO Lakhbir Lamba bought 3,500 shares of the firm's stock in a transaction on Wednesday, August 12th. The stock was purchased at an average cost of $31.76 per share, with a total value of $111,160.00. Following the completion of the acquisition, the chief executive officer directly owned 55,734 shares of the company's stock, valued at approximately $1,770,111.84. The trade was a 6.70% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Regional Management Stock Up 1.5%

Shares of NYSE:RM traded up $0.48 during trading on Thursday, reaching $32.65. 59,262 shares of the stock traded hands, compared to its average volume of 66,633. The stock has a 50-day moving average of $38.62 and a two-hundred day moving average of $36.22. Regional Management Corp. has a 52-week low of $30.46 and a 52-week high of $46.00. The company has a debt-to-equity ratio of 4.41, a quick ratio of 64.04 and a current ratio of 64.04. The stock has a market cap of $301.23 million, a P/E ratio of 6.87 and a beta of 1.02.

Regional Management (NYSE:RM - Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The credit services provider reported $0.85 earnings per share for the quarter, topping analysts' consensus estimates of $0.81 by $0.04. The company had revenue of $168.01 million during the quarter, compared to analyst estimates of $165.69 million. Regional Management had a net margin of 6.98% and a return on equity of 12.49%.

Regional Management Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 16th. Stockholders of record on Wednesday, August 19th will be paid a $0.30 dividend. The ex-dividend date is Wednesday, August 19th. This represents a $1.20 annualized dividend and a dividend yield of 3.7%. Regional Management's payout ratio is currently 25.26%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Citigroup reaffirmed a "market outperform" rating on shares of Regional Management in a research report on Thursday, July 30th. Citizens Jmp decreased their target price on Regional Management from $45.00 to $43.00 and set a "market outperform" rating for the company in a research report on Thursday, July 30th. Wall Street Zen cut shares of Regional Management from a "buy" rating to a "hold" rating in a research note on Sunday. Finally, Weiss Ratings downgraded shares of Regional Management from a "hold (c+)" rating to a "hold (c)" rating in a report on Friday, August 7th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $43.00.

Hedge Funds Weigh In On Regional Management

Several hedge funds and other institutional investors have recently modified their holdings of the company. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Regional Management in the 2nd quarter worth $1,365,000. Globeflex Capital L P purchased a new stake in Regional Management during the second quarter valued at $1,428,000. Tieton Capital Management LLC bought a new position in Regional Management in the second quarter valued at about $13,112,000. BlackRock Inc. bought a new position in Regional Management in the second quarter valued at about $47,514,000. Finally, Deutsche Bank AG purchased a new position in Regional Management in the second quarter worth about $353,000. 98.89% of the stock is owned by institutional investors.

About Regional Management

Regional Management Corp., headquartered in Wilmington, North Carolina, is a consumer finance company specializing in installment loan products for underbanked individuals. Since its founding in 1977, the company has developed a network of field-based branches alongside a digital platform to offer credit solutions in rural and small-town markets across the United States.

The company's core offerings include consumer installment loans for everyday purchases, auto refinancing and lease buyouts, as well as ancillary services such as insurance referrals.

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