Regional Management (NYSE:RM) Share Price Passes Above 200 Day Moving Average - Should You Sell?

Regional Management Corp. (NYSE:RM - Get Free Report)'s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $31.44 and traded as high as $33.26. Regional Management shares last traded at $32.98, with a volume of 44,171 shares changing hands.

Analyst Upgrades and Downgrades

Several analysts have issued reports on RM shares. Keefe, Bruyette & Woods lowered their price objective on shares of 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. Wall Street Zen downgraded shares of Regional Management from a "strong-buy" rating to a "buy" rating in a research report on Sunday, May 4th.

Regional Management Price Performance

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 firm has a market cap of $321.01 million, a price-to-earnings ratio of 9.81 and a beta of 1.18. The business's 50-day moving average price is $28.85 and its two-hundred day moving average price is $31.43.

Regional Management (NYSE:RM - Get Free Report) last released its quarterly earnings results 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. Regional Management had a net margin of 5.53% and a return on equity of 10.57%. The business had revenue of $152.97 million during the quarter, compared to the consensus estimate of $153.59 million. On average, research analysts forecast that Regional Management Corp. will post 4.7 EPS for the current fiscal year.

Regional Management Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 11th. Stockholders of record on Wednesday, May 21st were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.71%. The ex-dividend date was Wednesday, May 21st. Regional Management's payout ratio is currently 36.36%.

Insiders Place Their Bets

In other Regional Management news, CEO Robert William Beck sold 6,160 shares of Regional Management stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $30.39, for a total value of $187,202.40. Following the completion of the transaction, the chief executive officer owned 89,673 shares of the company's stock, valued at $2,725,162.47. The trade was a 6.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, major shareholder Fund L.P. Forager acquired 12,754 shares of the firm's stock in a transaction on 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 acquisition, the insider owned 1,016,236 shares of the company's stock, valued at $28,657,855.20. This trade represents a 1.27% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 36,082 shares of company stock valued at $1,022,745. 10.80% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Regional Management

A number of hedge funds have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets boosted its holdings in Regional Management by 16.2% in 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 period. Tower Research Capital LLC TRC boosted its holdings in Regional Management by 49.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,019 shares of the credit services provider's stock worth $35,000 after purchasing an additional 339 shares during the period. Royal Bank of Canada boosted its holdings in Regional Management by 2.4% in the first quarter. Royal Bank of Canada now owns 16,200 shares of the credit services provider's stock worth $487,000 after purchasing an additional 375 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Regional Management by 8.9% in 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 period. Finally, Hancock Whitney Corp boosted its holdings in Regional Management by 8.0% in the fourth quarter. Hancock Whitney Corp now owns 8,622 shares of the credit services provider's stock worth $293,000 after purchasing an additional 641 shares during the period. Institutional investors and hedge funds 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.