Regional Management (NYSE:RM) Stock Passes Above 200-Day Moving Average - Should You Sell?

Regional Management Corp. (NYSE:RM - Get Free Report) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $30.67 and traded as high as $33.44. Regional Management shares last traded at $33.36, with a volume of 13,639 shares traded.

Analysts Set New Price Targets

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

Regional Management Trading Up 1.6 %

The stock has a 50 day moving average of $31.27 and a 200-day moving average of $30.69. The company has a market capitalization of $339.04 million, a P/E ratio of 14.02 and a beta of 1.52. The company has a current ratio of 44.42, a quick ratio of 44.42 and a debt-to-equity ratio of 3.94.

Regional Management Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 11th. Shareholders of record on Thursday, November 21st were given a $0.30 dividend. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.60%. Regional Management's payout ratio is currently 50.42%.

Insider Transactions at Regional Management

In related news, SVP Catherine R. Atwood sold 1,128 shares of the business's stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $33.00, for a total value of $37,224.00. Following the transaction, the senior vice president now directly owns 42,025 shares of the company's stock, valued at approximately $1,386,825. The trade was a 2.61 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Robert William Beck sold 7,104 shares of the stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $32.55, for a total transaction of $231,235.20. Following the sale, the chief executive officer now directly owns 103,443 shares of the company's stock, valued at approximately $3,367,069.65. This trade represents a 6.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 10.50% of the company's stock.

Hedge Funds Weigh In On Regional Management

Several institutional investors have recently added to or reduced their stakes in the company. Tieton Capital Management LLC raised its holdings in Regional Management by 94.1% during the 2nd quarter. Tieton Capital Management LLC now owns 207,390 shares of the credit services provider's stock valued at $5,960,000 after buying an additional 100,560 shares during the period. Waterfall Asset Management LLC bought a new position in Regional Management during the second quarter valued at $632,000. American Century Companies Inc. raised its stake in shares of Regional Management by 18.5% in the second quarter. American Century Companies Inc. now owns 106,773 shares of the credit services provider's stock valued at $3,069,000 after acquiring an additional 16,683 shares during the period. Marshall Wace LLP bought a new stake in shares of Regional Management in the 2nd quarter worth about $366,000. Finally, GSA Capital Partners LLP purchased a new position in shares of Regional Management during the 3rd quarter worth about $338,000. Hedge funds and other institutional investors own 98.89% of the company's stock.

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.