Regional Management (NYSE:RM) Lowered to Buy Rating by Wall Street Zen

Regional Management (NYSE:RM) was downgraded by investment analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Saturday.

Several other analysts have also weighed in on RM. Citigroup restated a “market outperform” rating on shares of Regional Management in a report on Wednesday, June 17th. Citizens Jmp upgraded shares of Regional Management from a “market perform” rating to an “outperform” rating and set a $45.00 price target on the stock in a research report on Thursday, May 21st. Finally, Weiss Ratings raised shares of Regional Management from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, June 26th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $45.00.

Regional Management Stock Performance

RM opened at $41.65 on Friday. The company has a market capitalization of $383.55 million, a price-to-earnings ratio of 8.45 and a beta of 1.01. The company has a debt-to-equity ratio of 4.30, a current ratio of 59.88 and a quick ratio of 59.88. Regional Management has a 1-year low of $30.46 and a 1-year high of $46.00. The business has a 50 day moving average price of $36.98 and a two-hundred day moving average price of $36.25.

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

Insider Activity at Regional Management

In related news, SVP Catherine R. Atwood sold 3,000 shares of the stock in a transaction on Monday, May 11th. The stock was sold at an average price of $35.06, for a total value of $105,180.00. Following the completion of the transaction, the senior vice president owned 40,942 shares in the company, valued at $1,435,426.52. This trade represents a 6.83% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, major shareholder Fund L.P. Forager sold 2,916 shares of Regional Management stock in a transaction dated Wednesday, April 29th. The stock was sold at an average price of $38.50, for a total value of $112,266.00. Following the completion of the transaction, the insider directly owned 948,458 shares in the company, valued at $36,515,633. This represents a 0.31% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 107,410 shares of company stock valued at $4,139,461 over the last ninety days. Company insiders own 10.90% of the company’s stock.

Institutional Trading of Regional Management

Hedge funds have recently bought and sold shares of the company. Sei Investments Co. increased its position in shares of Regional Management by 117.9% in the first quarter. Sei Investments Co. now owns 157,151 shares of the credit services provider’s stock worth $5,068,000 after acquiring an additional 85,040 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of 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 valued at $5,853,000 after purchasing an additional 60,744 shares in the last quarter. Renaissance Technologies LLC boosted its position in shares of Regional Management by 15.8% in the fourth quarter. Renaissance Technologies LLC now owns 243,137 shares of the credit services provider’s stock worth $9,422,000 after buying an additional 33,200 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of Regional Management by 21.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 182,666 shares of the credit services provider’s stock worth $7,078,000 after buying an additional 32,075 shares during the period. Finally, Arrowstreet Capital Limited Partnership grew its holdings in shares of Regional Management by 65.3% during the second quarter. Arrowstreet Capital Limited Partnership now owns 80,425 shares of the credit services provider’s stock valued at $2,349,000 after buying an additional 31,761 shares in the last quarter. 98.89% of the stock is 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.