Regional Management Corp (NYSE:RM) COO John D. Schachtel purchased 4,000 shares of Regional Management stock in a transaction dated Monday, August 12th. The stock was acquired at an average price of $27.46 per share, for a total transaction of $109,840.00. Following the completion of the acquisition, the chief operating officer now owns 26,378 shares of the company’s stock, valued at approximately $724,339.88. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website.
RM traded down $0.54 during trading on Wednesday, hitting $26.56. 26,381 shares of the stock were exchanged, compared to its average volume of 43,774. The stock has a 50 day moving average price of $26.12. The firm has a market capitalization of $315.70 million, a price-to-earnings ratio of 8.38 and a beta of 0.93. Regional Management Corp has a 1 year low of $22.90 and a 1 year high of $35.37. The company has a debt-to-equity ratio of 2.44, a quick ratio of 48.69 and a current ratio of 48.69.
Regional Management (NYSE:RM) last released its quarterly earnings data on Wednesday, July 31st. The credit services provider reported $0.70 EPS for the quarter, topping the consensus estimate of $0.65 by $0.05. The company had revenue of $84.27 million for the quarter, compared to the consensus estimate of $80.50 million. Regional Management had a return on equity of 13.37% and a net margin of 10.59%. As a group, equities analysts forecast that Regional Management Corp will post 3.42 EPS for the current year.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in RM. Bank of Montreal Can increased its holdings in shares of Regional Management by 203.4% in the 2nd quarter. Bank of Montreal Can now owns 1,174 shares of the credit services provider’s stock valued at $31,000 after acquiring an additional 787 shares during the period. BNP Paribas Arbitrage SA increased its holdings in shares of Regional Management by 210.7% in the 1st quarter. BNP Paribas Arbitrage SA now owns 1,948 shares of the credit services provider’s stock valued at $48,000 after acquiring an additional 1,321 shares during the period. Metropolitan Life Insurance Co. NY increased its holdings in shares of Regional Management by 358.8% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 3,845 shares of the credit services provider’s stock valued at $92,000 after acquiring an additional 3,007 shares during the period. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Regional Management in the 2nd quarter valued at $276,000. Finally, Public Employees Retirement System of Ohio increased its holdings in shares of Regional Management by 13.7% in the 4th quarter. Public Employees Retirement System of Ohio now owns 19,034 shares of the credit services provider’s stock valued at $458,000 after acquiring an additional 2,288 shares during the period. Institutional investors own 90.46% of the company’s stock.
RM has been the topic of several research reports. Janney Montgomery Scott upgraded Regional Management from a “neutral” rating to a “buy” rating in a report on Thursday, May 9th. Zacks Investment Research upgraded Regional Management from a “hold” rating to a “buy” rating and set a $29.00 price objective on the stock in a report on Wednesday, July 10th. Finally, ValuEngine upgraded Regional Management from a “strong sell” rating to a “sell” rating in a report on Thursday, August 1st. One analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $31.80.
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 traditional lenders. The company offers small and large installment loans; loans to finance the purchase of furniture, appliances, and other retail products; insurance products, including credit life, credit accident and health, credit property, vehicle single interest, and credit involuntary unemployment insurance; collateral protection insurance; and property insurance, as well as reinsurance products.
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