Robert William Beck Sells 10,000 Shares of Regional Management Corp. (NYSE:RM) Stock

Key Points

• Robert William Beck, CEO of Regional Management Corp., sold 10,000 shares of the company's stock for approximately $355,400, reducing his holding by 11.15%.
• The company reported earnings of $1.03 EPS for the latest quarter, exceeding analysts' expectations, with revenue of $157.44 million.
• Regional Management announced a quarterly dividend of $0.30 per share, representing an annualized yield of 3.2%, with the dividend payout scheduled for September 10th.

Regional Management Corp. (NYSE:RM - Get Free Report) 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 directly owned 79,673 shares of the company's stock, valued at $2,831,578.42. The trade was a 11.15% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Robert William Beck also recently made the following trade(s):

• On Tuesday, July 1st, Robert William Beck sold 6,160 shares of Regional Management stock. The stock was sold at an average price of $30.39, for a total transaction of $187,202.40.

Regional Management Price Performance

NYSE RM traded up $1.24 during trading hours on Tuesday, hitting $37.25. 71,707 shares of the company's stock traded hands, compared to its average volume of 46,999. Regional Management Corp. has a 52-week low of $25.41 and a 52-week high of $37.59. The company has a market capitalization of $365.09 million, a PE ratio of 10.74 and a beta of 1.25. The company has a debt-to-equity ratio of 4.14, a current ratio of 45.13 and a quick ratio of 45.13. The firm's 50-day moving average is $30.99 and its 200-day moving average is $31.24.

Regional Management (NYSE:RM - Get Free Report) last issued its earnings results on Wednesday, July 30th. The credit services provider reported $1.03 EPS for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $155.22 million. Equities analysts forecast that Regional Management Corp. will post 4.7 EPS for the current fiscal year.

Regional Management Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Wednesday, August 20th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 3.2%. The ex-dividend date is Wednesday, August 20th. Regional Management's payout ratio is currently 34.58%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on RM shares. Keefe, Bruyette & Woods cut their price objective on shares of Regional Management from $33.00 to $30.00 and set a "market perform" rating on the stock in a research note on Friday, May 2nd. Wall Street Zen upgraded shares of Regional Management from a "buy" rating to a "strong-buy" rating in a research report on Sunday, August 3rd.

Hedge Funds Weigh In On Regional Management

Institutional investors have recently modified their holdings of the business. Vanguard Group Inc. boosted its position 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 buying an additional 1,205 shares in the last quarter. Twin Lions Management LLC acquired a new position in Regional Management in the fourth quarter worth about $11,157,000. Renaissance Technologies LLC grew its stake in Regional Management by 10.6% in the fourth quarter. Renaissance Technologies LLC now owns 228,937 shares of the credit services provider's stock worth $7,779,000 after purchasing an additional 21,990 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Regional Management by 6.4% in the second quarter. Geode Capital Management LLC now owns 211,734 shares of the credit services provider's stock worth $6,186,000 after acquiring an additional 12,740 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings in Regional Management by 45.5% in the first quarter. Goldman Sachs Group Inc. now owns 194,374 shares of the credit services provider's stock worth $5,853,000 after acquiring an additional 60,744 shares during the last quarter. 98.89% of the stock is owned by institutional investors and hedge funds.

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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