Regional Management Corp. (NYSE:RM - Get Free Report) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred 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.
Analysts Set New Price Targets
RM has been the subject of a number of research reports. Wall Street Zen downgraded Regional Management from a "strong-buy" rating to a "buy" rating in a research note on Sunday, May 4th. Keefe, Bruyette & Woods lowered their price objective on Regional Management from $33.00 to $30.00 and set a "market perform" rating for the company in a research note on Friday, May 2nd.
Read Our Latest Analysis on RM
Regional Management Stock Performance
The firm has a market cap of $330.73 million, a price-to-earnings ratio of 10.10 and a beta of 1.18. The stock's fifty day moving average is $28.64 and its two-hundred day moving average is $31.44. The company has a debt-to-equity ratio of 4.11, a quick ratio of 45.13 and a current ratio of 45.13.
Regional Management (NYSE:RM - Get Free Report) last posted its earnings results on Wednesday, April 30th. The credit services provider reported $0.70 EPS for the quarter, beating the consensus estimate of $0.67 by $0.03. Regional Management had a return on equity of 10.57% and a net margin of 5.53%. The firm had revenue of $152.97 million for the quarter, compared to analysts' expectations of $153.59 million. On average, analysts expect that Regional Management Corp. will post 4.7 earnings per share for the current fiscal year.
Regional Management Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, June 11th. Investors of record on Wednesday, May 21st were given a $0.30 dividend. The ex-dividend date of this dividend was Wednesday, May 21st. This represents a $1.20 dividend on an annualized basis and a yield of 3.60%. Regional Management's dividend payout ratio is presently 36.36%.
Insider Transactions at Regional Management
In other news, major shareholder Fund L.P. Forager bought 12,246 shares of the company's stock in a transaction that occurred on Thursday, June 12th. The shares were purchased at an average price of $29.05 per share, with a total value of $355,746.30. Following the completion of the acquisition, the insider directly owned 1,052,715 shares in the company, valued at approximately $30,581,370.75. This trade represents a 1.18% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Robert William Beck sold 6,160 shares of the 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 transaction, the chief executive officer directly owned 89,673 shares of the company's stock, valued at approximately $2,725,162.47. The trade was a 6.43% decrease in their ownership of the stock. The disclosure for this sale 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 owned by insiders.
Hedge Funds Weigh In On Regional Management
Hedge funds have recently modified their holdings of the company. Charles Schwab Investment Management Inc. boosted its stake in Regional Management by 2.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 50,359 shares of the credit services provider's stock valued at $1,711,000 after buying an additional 992 shares in the last quarter. Proficio Capital Partners LLC bought a new position in shares of Regional Management during the 4th quarter valued at about $831,000. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of Regional Management by 23.2% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 28,963 shares of the credit services provider's stock valued at $984,000 after purchasing an additional 5,450 shares in the last quarter. American Century Companies Inc. grew its stake in shares of Regional Management by 4.2% in the 4th quarter. American Century Companies Inc. now owns 134,683 shares of the credit services provider's stock worth $4,577,000 after purchasing an additional 5,433 shares during the last quarter. Finally, Vanguard Group Inc. raised its holdings in shares of Regional Management by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 454,637 shares of the credit services provider's stock worth $15,449,000 after purchasing an additional 1,205 shares in the last quarter. 98.89% of the stock is currently owned by institutional investors and hedge funds.
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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