Regional Management Corp. (NYSE:RM - Get Free Report) CEO Robert William Beck sold 10,000 shares of Regional Management stock in a transaction on Monday, August 11th. The shares were sold at an average price of $35.54, for a total value of $355,400.00. Following the completion of the sale, the chief executive officer directly owned 79,673 shares of the company's stock, valued at approximately $2,831,578.42. This represents a 11.15% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 value of $187,202.40.
Regional Management Stock Performance
Shares of RM stock traded down $0.94 on Friday, reaching $37.54. The stock had a trading volume of 61,988 shares, compared to its average volume of 44,400. The firm has a market capitalization of $367.89 million, a price-to-earnings ratio of 10.82 and a beta of 1.25. The company has a quick ratio of 45.13, a current ratio of 45.13 and a debt-to-equity ratio of 4.14. Regional Management Corp. has a 12 month low of $25.41 and a 12 month high of $38.61. The firm's 50-day moving average is $31.85 and its two-hundred day moving average is $31.28.
Regional Management (NYSE:RM - Get Free Report) last issued its earnings results on Wednesday, July 30th. The credit services provider reported $1.03 earnings per share for the quarter, beating 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 firm had revenue of $157.44 million for the quarter, compared to analyst estimates of $155.22 million. On average, research analysts expect that Regional Management Corp. will post 4.7 EPS for the current fiscal year.
Regional Management Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Wednesday, August 20th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend is Wednesday, August 20th. Regional Management's dividend payout ratio is 34.58%.
Wall Street Analysts Forecast Growth
A number of analysts have recently issued reports on RM shares. Keefe, Bruyette & Woods reduced their target price on 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 upgraded shares of Regional Management from a "buy" rating to a "strong-buy" rating in a research note on Sunday, August 3rd.
View Our Latest Report on RM
Hedge Funds Weigh In On Regional Management
A number of institutional investors have recently made changes to their positions in the stock. Ameritas Investment Partners Inc. boosted its holdings in shares of Regional Management by 41.1% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 947 shares of the credit services provider's stock valued at $28,000 after acquiring an additional 276 shares during the last quarter. US Bancorp DE bought a new position in Regional Management during the 1st quarter worth about $31,000. 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 acquiring an additional 339 shares in the last quarter. BNP Paribas Financial Markets increased its holdings in Regional Management by 16.2% in the 4th quarter. BNP Paribas Financial Markets now owns 2,162 shares of the credit services provider's stock worth $73,000 after buying an additional 301 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Regional Management by 8.9% during the 4th 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. 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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