Regional Management (NYSE:RM) Stock Price Crosses Above Two Hundred Day Moving Average - Here's What Happened

Regional Management Corp. (NYSE:RM - Get Free Report)'s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $31.36 and traded as high as $33.03. Regional Management shares last traded at $32.22, with a volume of 40,571 shares changing hands.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Keefe, Bruyette & Woods reduced their price target on shares of Regional Management from $33.00 to $30.00 and set a "market perform" rating for the company in a report on Friday, May 2nd. Wall Street Zen cut shares of Regional Management from a "buy" rating to a "hold" rating in a research note on Friday, July 18th.

Regional Management Trading Down 2.4%

The company has a market cap of $323.24 million, a price-to-earnings ratio of 9.90 and a beta of 1.18. The company has a debt-to-equity ratio of 4.11, a quick ratio of 45.13 and a current ratio of 45.13. The business's 50 day moving average price is $29.36 and its 200-day moving average price is $31.36.

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

Regional Management Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 11th. Investors 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 3.68%. The ex-dividend date of this dividend was Wednesday, May 21st. Regional Management's dividend payout ratio (DPR) is currently 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 stock was acquired at an average price of $29.05 per share, for a total transaction of $355,746.30. Following the transaction, the insider directly owned 1,052,715 shares of the company's stock, valued at $30,581,370.75. This trade represents a 1.18% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Robert William Beck sold 6,160 shares of the stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $30.39, for a total transaction of $187,202.40. Following the sale, the chief executive officer directly owned 89,673 shares in the company, valued at approximately $2,725,162.47. This represents a 6.43% decrease in their position. The disclosure for this sale can be found here. Insiders have purchased a total of 36,082 shares of company stock valued at $1,022,745 in the last quarter. 10.80% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Regional Management

A number of hedge funds have recently added to or reduced their stakes in the stock. Twin Lions Management LLC bought a new position in shares of Regional Management in the 4th quarter valued at about $11,157,000. Acadian Asset Management LLC boosted its stake in shares of Regional Management by 83.0% in the 1st 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 during the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Regional Management by 45.5% in the 1st 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 during the last quarter. Charles Schwab Investment Management Inc. boosted its stake 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 valued at $2,566,000 after purchasing an additional 34,861 shares during the last quarter. Finally, Nuveen LLC bought a new position in Regional Management during the 1st quarter worth approximately $884,000. 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.