Shares of Regional Management Corp. (NYSE:RM - Get Free Report) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $32.57 and traded as high as $34.58. Regional Management shares last traded at $32.96, with a volume of 32,811 shares traded.
Analyst Ratings Changes
Separately, Stephens assumed coverage on Regional Management in a report on Wednesday, November 13th. They set an "overweight" rating and a $38.00 target price for the company.
Check Out Our Latest Research Report on RM
Regional Management Price Performance
The company has a market cap of $329.57 million, a PE ratio of 8.06 and a beta of 1.49. The firm's 50-day moving average is $34.73 and its 200-day moving average is $32.59. The company has a quick ratio of 44.42, a current ratio of 44.42 and a debt-to-equity ratio of 3.94.
Regional Management (NYSE:RM - Get Free Report) last posted its earnings results on Wednesday, February 5th. The credit services provider reported $0.98 earnings per share for the quarter, topping analysts' consensus estimates of $0.88 by $0.10. Regional Management had a return on equity of 13.20% and a net margin of 7.01%. On average, equities analysts anticipate that Regional Management Corp. will post 4.7 EPS for the current year.
Regional Management Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, February 20th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Thursday, February 20th. This represents a $1.20 dividend on an annualized basis and a yield of 3.58%. Regional Management's dividend payout ratio (DPR) is 28.85%.
Insider Buying and Selling at Regional Management
In related news, major shareholder Fund L.P. Forager sold 21,805 shares of the company's stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $32.17, for a total value of $701,466.85. Following the sale, the insider now owns 1,021,216 shares in the company, valued at $32,852,518.72. This represents a 2.09 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Robert William Beck sold 7,104 shares of Regional Management stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $32.55, for a total value of $231,235.20. Following the transaction, the chief executive officer now owns 103,443 shares of the company's stock, valued at $3,367,069.65. The trade was a 6.43 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 78,973 shares of company stock valued at $2,656,230. 10.50% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On Regional Management
Several institutional investors and hedge funds have recently modified their holdings of RM. Tower Research Capital LLC TRC grew its position in Regional Management by 49.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,019 shares of the credit services provider's stock valued at $35,000 after purchasing an additional 339 shares during the last quarter. BNP Paribas Financial Markets lifted its stake in shares of Regional Management by 16.2% in the fourth quarter. BNP Paribas Financial Markets now owns 2,162 shares of the credit services provider's stock worth $73,000 after buying an additional 301 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Regional Management by 15.6% during the third quarter. JPMorgan Chase & Co. now owns 4,233 shares of the credit services provider's stock valued at $138,000 after buying an additional 572 shares during the last quarter. SG Americas Securities LLC increased its position in shares of Regional Management by 38.0% during the fourth quarter. SG Americas Securities LLC now owns 4,425 shares of the credit services provider's stock valued at $150,000 after acquiring an additional 1,218 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Regional Management by 8.9% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,792 shares of the credit services provider's stock worth $163,000 after acquiring an additional 390 shares during the last quarter. 98.89% of the stock is currently owned by institutional investors.
Regional Management Company Profile
(
Get Free Report)
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.
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