Regional Management Corp. (NYSE:RM) CEO Robert William Beck Sells 13,000 Shares

Regional Management Corp. (NYSE:RM - Get Free Report) CEO Robert William Beck sold 13,000 shares of the business's stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $36.71, for a total value of $477,230.00. Following the completion of the transaction, the chief executive officer now directly owns 101,673 shares in the company, valued at $3,732,415.83. This represents a 11.34 % 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 this hyperlink.

Robert William Beck also recently made the following trade(s):

• On Wednesday, December 4th, Robert William Beck sold 7,104 shares of Regional Management stock. The stock was sold at an average price of $32.55, for a total transaction of $231,235.20.

Regional Management Stock Performance

Shares of Regional Management stock traded up $0.79 during mid-day trading on Monday, hitting $36.28. 78,054 shares of the stock were exchanged, compared to its average volume of 56,183. The company has a market capitalization of $368.55 million, a P/E ratio of 8.72 and a beta of 1.49. The company has a debt-to-equity ratio of 3.94, a quick ratio of 44.42 and a current ratio of 44.42. The company has a 50-day simple moving average of $34.37 and a 200 day simple moving average of $32.24. Regional Management Corp. has a 12 month low of $20.50 and a 12 month high of $37.52.

Regional Management (NYSE:RM - Get Free Report) last released its earnings results on Wednesday, February 5th. The credit services provider reported $0.98 earnings per share for the quarter, beating analysts' consensus estimates of $0.88 by $0.10. Regional Management had a net margin of 7.01% and a return on equity of 13.20%. Sell-side analysts anticipate that Regional Management Corp. will post 5.29 earnings per share for the current fiscal year.

Regional Management Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, February 20th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 3.31%. The ex-dividend date is Thursday, February 20th. Regional Management's dividend payout ratio is currently 28.85%.

Institutional Trading of Regional Management

A number of institutional investors have recently modified their holdings of the business. SG Americas Securities LLC bought a new position in Regional Management in the 3rd quarter worth about $105,000. JPMorgan Chase & Co. raised its position in Regional Management by 15.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,233 shares of the credit services provider's stock worth $138,000 after purchasing an additional 572 shares during the period. Summit Global Investments purchased a new stake in shares of Regional Management during the third quarter valued at approximately $209,000. PDT Partners LLC purchased a new stake in shares of Regional Management in the 3rd quarter worth about $213,000. Finally, Allspring Global Investments Holdings LLC boosted its stake in shares of Regional Management by 50.8% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 7,416 shares of the credit services provider's stock valued at $243,000 after purchasing an additional 2,497 shares in the last quarter. 98.89% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Stephens began coverage on shares of Regional Management in a research note on Wednesday, November 13th. They set an "overweight" rating and a $38.00 price target for the company.

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 lenders in the United States. It offers small and large installment loans; and retail loans to finance the purchase of furniture, appliances, and other retail products.