Regional Management (NYSE:RM) Share Price Crosses Above Two Hundred Day Moving Average – What’s Next?

Regional Management Corp. (NYSE:RM)’s stock price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $38.70 and traded as high as $41.06. Regional Management shares last traded at $40.50, with a volume of 59,733 shares traded.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Wall Street Zen upgraded Regional Management from a “buy” rating to a “strong-buy” rating in a report on Saturday, January 3rd. Zacks Research upgraded shares of Regional Management from a “strong sell” rating to a “hold” rating in a research note on Monday, January 5th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Regional Management in a research note on Monday, December 29th. Three analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $30.00.

Regional Management Stock Performance

The stock has a fifty day simple moving average of $38.41 and a two-hundred day simple moving average of $38.70. The stock has a market cap of $393.26 million, a PE ratio of 9.81 and a beta of 1.06.

Regional Management (NYSE:RM) last posted its quarterly earnings data on Friday, January 30th. The credit services provider reported $1.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.23 by ($0.04). The firm had revenue of ($165.49) million for the quarter, compared to analysts’ expectations of $167.90 million. Regional Management had a net margin of 6.57% and a return on equity of 11.43%. On average, equities analysts predict that Regional Management Corp. will post 4.7 EPS for the current fiscal year.

Insiders Place Their Bets

In other Regional Management news, major shareholder Fund L.P. Forager sold 21,561 shares of the company’s stock in a transaction dated Friday, January 9th. The shares were sold at an average price of $38.96, for a total value of $840,016.56. Following the completion of the transaction, the insider directly owned 1,020,572 shares of the company’s stock, valued at $39,761,485.12. This represents a 2.07% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Michael R. Dunn sold 5,580 shares of the firm’s stock in a transaction dated Wednesday, December 3rd. The shares were sold at an average price of $37.46, for a total value of $209,026.80. Following the sale, the director owned 103,109 shares of the company’s stock, valued at $3,862,463.14. This represents a 5.13% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 77,475 shares of company stock worth $3,006,040 in the last quarter. 10.80% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Regional Management

Several hedge funds and other institutional investors have recently bought and sold shares of the business. State of Alaska Department of Revenue purchased a new position in shares of Regional Management during the 4th quarter valued at approximately $25,000. Ameritas Investment Partners Inc. raised its holdings in Regional Management by 41.1% in the second 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 in the last quarter. Wexford Capital LP bought a new position in Regional Management during the 3rd quarter valued at $32,000. Advisory Services Network LLC acquired a new position in Regional Management during the 3rd quarter worth $39,000. Finally, CWM LLC grew its holdings in Regional Management by 43.7% during the 3rd quarter. CWM LLC now owns 1,065 shares of the credit services provider’s stock worth $41,000 after acquiring an additional 324 shares in the last quarter. 98.89% of the stock is currently owned by hedge funds and other institutional investors.

Regional Management Company Profile

Regional Management Corp., headquartered in Wilmington, North Carolina, is a consumer finance company specializing in installment loan products for underbanked individuals. Since its founding in 1977, the company has developed a network of field-based branches alongside a digital platform to offer credit solutions in rural and small-town markets across the United States.

The company’s core offerings include consumer installment loans for everyday purchases, auto refinancing and lease buyouts, as well as ancillary services such as insurance referrals.