Regional Management (NYSE:RM) Rating Lowered to Hold at Wall Street Zen

Regional Management (NYSE:RM - Get Free Report) was downgraded by Wall Street Zen from a "buy" rating to a "hold" rating in a note issued to investors on Friday.

Separately, Keefe, Bruyette & Woods lowered their price target on Regional Management from $33.00 to $30.00 and set a "market perform" rating for the company in a research report on Friday, May 2nd.

Regional Management Price Performance

Shares of Regional Management stock traded down $0.50 during trading hours on Friday, reaching $32.42. The company's stock had a trading volume of 41,114 shares, compared to its average volume of 37,621. The firm has a 50 day moving average price of $29.25 and a 200-day moving average price of $31.39. The company has a debt-to-equity ratio of 4.11, a current ratio of 45.13 and a quick ratio of 45.13. The stock has a market cap of $321.61 million, a P/E ratio of 9.82 and a beta of 1.18. Regional Management has a one year low of $25.41 and a one year high of $37.52.

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

Insider Buying and Selling at Regional Management

In other Regional Management news, CEO Robert William Beck sold 6,160 shares of the firm's stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $30.39, for a total transaction of $187,202.40. Following the transaction, the chief executive officer 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 position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder Fund L.P. Forager purchased 12,754 shares of the stock in a transaction dated Tuesday, June 10th. The stock was acquired at an average cost of $28.20 per share, with a total value of $359,662.80. Following the transaction, the insider directly owned 1,016,236 shares in the company, valued at approximately $28,657,855.20. This trade represents a 1.27% increase in their position. The disclosure for this purchase can be found here. Insiders have acquired a total of 36,082 shares of company stock worth $1,022,745 over the last 90 days. 10.80% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Regional Management

Several institutional investors have recently bought and sold shares of RM. Twin Lions Management LLC bought a new stake in Regional Management during the 4th quarter valued at $11,157,000. Acadian Asset Management LLC boosted its position in Regional Management by 83.0% during the first quarter. Acadian Asset Management LLC now owns 155,885 shares of the credit services provider's stock valued at $4,691,000 after purchasing an additional 70,721 shares in the last quarter. Goldman Sachs Group Inc. boosted 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 purchasing an additional 60,744 shares in the last quarter. Tieton Capital Management LLC grew its stake in Regional Management by 23.5% in the fourth quarter. Tieton Capital Management LLC now owns 255,251 shares of the credit services provider's stock valued at $8,673,000 after purchasing an additional 48,541 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Regional Management by 69.2% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 85,220 shares of the credit services provider's stock worth $2,566,000 after buying an additional 34,861 shares during the last quarter. 98.89% of the stock is owned by hedge funds and other institutional investors.

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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