Regional Management (NYSE:RM) CAO Sells $67,264.00 in Stock

Regional Management Corp. (NYSE:RM) CAO Steven Barnette sold 1,600 shares of Regional Management stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $42.04, for a total value of $67,264.00. Following the completion of the transaction, the chief accounting officer owned 16,746 shares of the company’s stock, valued at approximately $704,001.84. The trade was a 8.72% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Regional Management Price Performance

Shares of RM stock opened at $41.65 on Friday. Regional Management Corp. has a 52 week low of $30.46 and a 52 week high of $46.00. The stock has a market capitalization of $383.55 million, a PE ratio of 8.45 and a beta of 1.01. The company has a debt-to-equity ratio of 4.30, a quick ratio of 59.88 and a current ratio of 59.88. The stock’s fifty day moving average is $36.98 and its 200-day moving average is $36.25.

Regional Management (NYSE:RM) last released 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 business had revenue of $167.29 million during the quarter, compared to analysts’ expectations of $161.55 million.

Regional Management Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Wednesday, May 20th were paid a $0.30 dividend. The ex-dividend date of this dividend was Wednesday, May 20th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.9%. Regional Management’s payout ratio is currently 24.34%.

Institutional Trading of Regional Management

Several institutional investors and hedge funds have recently added to or reduced their stakes in RM. Empowered Funds LLC boosted its stake in shares of Regional Management by 9.7% in the 1st quarter. Empowered Funds LLC now owns 60,709 shares of the credit services provider’s stock valued at $1,958,000 after purchasing an additional 5,365 shares during the last quarter. Quantinno Capital Management LP lifted its holdings in Regional Management by 93.8% in the first quarter. Quantinno Capital Management LP now owns 23,621 shares of the credit services provider’s stock valued at $762,000 after buying an additional 11,432 shares during the period. Lazard Asset Management LLC acquired a new position in Regional Management in the first quarter valued at approximately $1,004,000. Arrowstreet Capital Limited Partnership lifted its holdings in Regional Management by 2.5% in the first quarter. Arrowstreet Capital Limited Partnership now owns 108,439 shares of the credit services provider’s stock valued at $3,497,000 after buying an additional 2,618 shares during the period. Finally, Sei Investments Co. boosted its stake in Regional Management by 117.9% in the first quarter. Sei Investments Co. now owns 157,151 shares of the credit services provider’s stock valued at $5,068,000 after acquiring an additional 85,040 shares during the last quarter. 98.89% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently commented on RM. Wall Street Zen cut shares of Regional Management from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Citigroup restated a “market outperform” rating on shares of Regional Management in a research report on Wednesday, June 17th. Weiss Ratings raised Regional Management from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, June 26th. Finally, Citizens Jmp raised Regional Management from a “market perform” rating to an “outperform” rating and set a $45.00 price objective on the stock in a report on Thursday, May 21st. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $45.00.

About Regional Management

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.