Regional Management Corp. (NYSE:RM - Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $31.24 and traded as high as $36.16. Regional Management shares last traded at $35.95, with a volume of 56,646 shares trading hands.
Analyst Ratings Changes
Several research firms have weighed in on RM. Keefe, Bruyette & Woods reduced their target price on Regional Management from $33.00 to $30.00 and set a "market perform" rating on the stock in a report on Friday, May 2nd. Wall Street Zen raised Regional Management from a "buy" rating to a "strong-buy" rating in a research report on Sunday, August 3rd.
Check Out Our Latest Analysis on Regional Management
Regional Management Stock Performance
The firm has a market cap of $367.89 million, a P/E ratio of 10.82 and a beta of 1.25. The company has a current ratio of 45.13, a quick ratio of 45.13 and a debt-to-equity ratio of 4.14. The company's 50-day moving average is $31.85 and its two-hundred day moving average is $31.35.
Regional Management (NYSE:RM - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The credit services provider reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.31. Regional Management had a net margin of 5.68% and a return on equity of 10.91%. The company had revenue of $157.44 million during the quarter, compared to analyst estimates of $155.22 million. As a group, equities analysts predict that Regional Management Corp. will post 4.7 EPS for the current fiscal year.
Regional Management Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Wednesday, August 20th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Wednesday, August 20th. This represents a $1.20 annualized dividend and a yield of 3.2%. Regional Management's payout ratio is currently 34.58%.
Insider Buying and Selling at Regional Management
In related news, major shareholder Fund L.P. Forager purchased 12,246 shares of the firm's stock in a transaction that occurred on Thursday, June 12th. The stock was bought at an average cost of $29.05 per share, with a total value of $355,746.30. Following the completion of the purchase, the insider directly owned 1,052,715 shares in the company, valued at approximately $30,581,370.75. This represents a 1.18% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Robert William Beck sold 10,000 shares of the stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $35.54, for a total transaction of $355,400.00. Following the sale, the chief executive officer owned 79,673 shares in the company, valued at approximately $2,831,578.42. The trade was a 11.15% decrease in their position. The disclosure for this sale can be found here. Insiders acquired 36,082 shares of company stock valued at $1,022,745 over the last three months. 10.80% of the stock is currently owned by insiders.
Institutional Trading of Regional Management
Several hedge funds have recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC boosted its stake in shares of Regional Management by 37.8% during the first quarter. Allspring Global Investments Holdings LLC now owns 10,520 shares of the credit services provider's stock valued at $321,000 after purchasing an additional 2,885 shares in the last quarter. Exchange Traded Concepts LLC purchased a new stake in shares of Regional Management during the first quarter worth about $245,000. Millennium Management LLC grew its stake in Regional Management by 47.2% during the 4th quarter. Millennium Management LLC now owns 30,084 shares of the credit services provider's stock valued at $1,022,000 after acquiring an additional 9,643 shares in the last quarter. GAMMA Investing LLC boosted its holdings in Regional Management by 3,899.2% in the 1st 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 last quarter. Finally, Marshall Wace LLP lifted its holdings in shares of Regional Management by 35.7% in the 4th quarter. Marshall Wace LLP now owns 19,654 shares of the credit services provider's stock worth $668,000 after acquiring an additional 5,171 shares during the last quarter. Hedge funds and other institutional investors own 98.89% of the company's stock.
About Regional Management
(
Get Free Report)
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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