Regional Management (NYSE:RM) Earns Hold (C) Rating from Weiss Ratings

Regional Management (NYSE:RM - Get Free Report)'s stock had its "hold (c)" rating reaffirmed by research analysts at Weiss Ratings in a note issued to investors on Wednesday,Weiss Ratings reports.

Separately, Wall Street Zen upgraded Regional Management from a "buy" rating to a "strong-buy" rating in a research report on Sunday, August 3rd. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $34.00.

Regional Management Trading Up 2.9%

Shares of RM opened at $39.04 on Wednesday. Regional Management has a 12 month low of $25.41 and a 12 month high of $46.00. The stock's 50 day moving average is $40.10 and its two-hundred day moving average is $33.47. The firm has a market cap of $382.55 million, a P/E ratio of 11.25 and a beta of 1.17.

Regional Management (NYSE:RM - Get Free Report) last released its earnings results on Wednesday, July 30th. The credit services provider reported $1.03 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.31. The business had revenue of $157.44 million for the quarter, compared to the consensus estimate of $155.22 million. Regional Management had a return on equity of 10.91% and a net margin of 5.68%. Equities research analysts forecast that Regional Management will post 4.7 EPS for the current year.

Insider Buying and Selling

In related news, CEO Robert William Beck sold 10,000 shares of Regional Management stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $35.54, for a total transaction of $355,400.00. Following the transaction, the chief executive officer owned 79,673 shares in the company, valued at approximately $2,831,578.42. This trade represents a 11.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 10.80% of the company's stock.

Hedge Funds Weigh In On Regional Management

Institutional investors have recently added to or reduced their stakes in the stock. Ameritas Investment Partners Inc. lifted its position in Regional Management by 41.1% during the second quarter. Ameritas Investment Partners Inc. now owns 947 shares of the credit services provider's stock worth $28,000 after buying an additional 276 shares in the last quarter. US Bancorp DE purchased a new stake in Regional Management in the first quarter valued at $31,000. JPMorgan Chase & Co. raised its position in Regional Management by 9.7% in the second quarter. JPMorgan Chase & Co. now owns 4,824 shares of the credit services provider's stock valued at $141,000 after purchasing an additional 425 shares during the period. GAMMA Investing LLC raised its position 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 during the period. Finally, AQR Capital Management LLC purchased a new stake in Regional Management in the first quarter valued at $201,000. Hedge funds and other institutional investors own 98.89% of the company's stock.

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.

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