Regional Management (NYSE:RM) Upgraded to Strong-Buy at Wall Street Zen

Regional Management (NYSE:RM) was upgraded by stock analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a report released on Saturday.

A number of other research analysts have also issued reports on RM. Citigroup reiterated a “market outperform” rating on shares of Regional Management in a research report on Wednesday. Citizens Jmp raised shares of Regional Management from a “market perform” rating to an “outperform” rating and set a $45.00 price target for the company in a report on Thursday, May 21st. Finally, Weiss Ratings cut shares of Regional Management from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, May 21st. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Regional Management presently has an average rating of “Moderate Buy” and a consensus target price of $45.00.

Regional Management Price Performance

NYSE:RM opened at $37.26 on Friday. Regional Management has a 52 week low of $26.98 and a 52 week high of $46.00. The company has a quick ratio of 59.88, a current ratio of 59.88 and a debt-to-equity ratio of 4.30. The stock has a market capitalization of $343.20 million, a PE ratio of 7.56 and a beta of 1.03. The stock’s 50-day moving average price is $36.58 and its 200-day moving average price is $36.06.

Regional Management (NYSE:RM) last announced its quarterly earnings results on Wednesday, April 29th. The credit services provider reported $1.18 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.20. The firm had revenue of $167.29 million during the quarter, compared to analyst estimates of $161.55 million. Regional Management had a return on equity of 13.16% and a net margin of 7.40%.

Insider Activity

In related news, major shareholder Fund L.P. Forager sold 17,602 shares of the business’s stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $38.06, for a total transaction of $669,932.12. Following the completion of the sale, the insider directly owned 994,263 shares in the company, valued at approximately $37,841,649.78. The trade was a 1.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Brian J. Fisher sold 5,457 shares of the stock in a transaction on Wednesday, April 15th. The shares were sold at an average price of $38.09, for a total value of $207,857.13. Following the completion of the transaction, the executive vice president directly owned 27,745 shares of the company’s stock, valued at approximately $1,056,807.05. This represents a 16.44% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 105,810 shares of company stock worth $4,072,197 over the last quarter. 10.90% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Regional Management

Large investors have recently modified their holdings of the business. Hillsdale Investment Management Inc. acquired a new stake in shares of Regional Management in the third quarter valued at about $3,707,000. LSV Asset Management boosted its position in Regional Management by 7.7% during the fourth quarter. LSV Asset Management now owns 338,832 shares of the credit services provider’s stock worth $13,130,000 after acquiring an additional 24,232 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its position in Regional Management by 2.5% during the first quarter. Arrowstreet Capital Limited Partnership now owns 108,439 shares of the credit services provider’s stock worth $3,497,000 after acquiring an additional 2,618 shares during the last quarter. Allspring Global Investments Holdings LLC grew its stake in Regional Management by 10.2% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 11,810 shares of the credit services provider’s stock valued at $385,000 after acquiring an additional 1,092 shares in the last quarter. Finally, Janney Montgomery Scott LLC grew its stake in Regional Management by 2.8% during the 1st quarter. Janney Montgomery Scott LLC now owns 17,464 shares of the credit services provider’s stock valued at $563,000 after acquiring an additional 473 shares in the last quarter. Hedge funds and other institutional investors own 98.89% of the company’s stock.

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.