Regional Management (NYSE:RM) Shares Cross Above 200 Day Moving Average - Time to Sell?

Regional Management Corp. (NYSE:RM - Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $31.61 and traded as high as $36.32. Regional Management shares last traded at $35.82, with a volume of 68,319 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Stephens started coverage on 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 Stock Performance

The firm's fifty day simple moving average is $32.94 and its 200 day simple moving average is $31.61. The company has a debt-to-equity ratio of 3.94, a current ratio of 44.42 and a quick ratio of 44.42. The company has a market capitalization of $369.00 million, a price-to-earnings ratio of 15.26 and a beta of 1.50.

Regional Management Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 11th. Investors of record on Thursday, November 21st were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 3.30%. The ex-dividend date of this dividend was Thursday, November 21st. Regional Management's dividend payout ratio is currently 50.42%.

Insider Buying and Selling at Regional Management

In other news, SVP Catherine R. Atwood sold 1,128 shares of the firm's stock in a transaction on Friday, December 6th. The shares were sold at an average price of $33.00, for a total transaction of $37,224.00. Following the transaction, the senior vice president now owns 42,025 shares in the company, valued at approximately $1,386,825. This trade represents a 2.61 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Robert William Beck sold 7,104 shares of the business's stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $32.55, for a total value of $231,235.20. Following the completion of the sale, the chief executive officer now directly owns 103,443 shares of the company's stock, valued at $3,367,069.65. This represents a 6.43 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 65,973 shares of company stock worth $2,179,000. 10.50% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Regional Management

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. SG Americas Securities LLC bought a new position in Regional Management in the 3rd quarter worth $105,000. JPMorgan Chase & Co. increased its stake in shares of Regional Management by 15.6% in the third 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 acquired a new position in shares of Regional Management during the 3rd quarter worth about $209,000. PDT Partners LLC bought a new stake in Regional Management during the 3rd quarter valued at approximately $213,000. Finally, Allspring Global Investments Holdings LLC grew its holdings in Regional Management by 50.8% in 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 buying an additional 2,497 shares during the last quarter. Institutional investors and hedge funds 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.