Insider Selling: Regional Management (NYSE:RM) Director Sells 5,580 Shares of Stock

Regional Management Corp. (NYSE:RM) Director Michael Dunn sold 5,580 shares of the company’s stock in a transaction dated Wednesday, December 3rd. The shares were sold at an average price of $37.46, for a total transaction of $209,026.80. Following the completion of the sale, the director directly owned 103,109 shares in the company, valued at approximately $3,862,463.14. The trade was a 5.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link.

Regional Management Stock Performance

Regional Management stock traded down $0.43 during midday trading on Thursday, reaching $37.23. 31,322 shares of the company’s stock were exchanged, compared to its average volume of 46,735. The stock’s 50-day simple moving average is $38.74 and its 200 day simple moving average is $35.79. The firm has a market cap of $361.45 million, a price-to-earnings ratio of 9.01 and a beta of 1.09. Regional Management Corp. has a 52 week low of $25.41 and a 52 week high of $46.00.

Regional Management (NYSE:RM) last released its quarterly earnings data on Wednesday, November 5th. The credit services provider reported $1.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.39 by $0.03. Regional Management had a return on equity of 11.43% and a net margin of 6.57%.The firm had revenue of $165.49 million for the quarter, compared to analyst estimates of $162.84 million. Research analysts forecast that Regional Management Corp. will post 4.7 earnings per share for the current year.

Regional Management Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 16th. Shareholders of record on Tuesday, November 25th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend is Tuesday, November 25th. Regional Management’s payout ratio is 29.06%.

Institutional Investors Weigh In On Regional Management

Several institutional investors have recently made changes to their positions in the stock. US Bancorp DE acquired a new stake in Regional Management during the first quarter worth approximately $31,000. Charles Schwab Investment Management Inc. grew its holdings in shares of Regional Management by 69.2% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 85,220 shares of the credit services provider’s stock worth $2,566,000 after purchasing an additional 34,861 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of Regional Management by 21.3% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 35,136 shares of the credit services provider’s stock worth $1,058,000 after purchasing an additional 6,173 shares in the last quarter. Nuveen LLC bought a new position in shares of Regional Management in the first quarter worth $884,000. Finally, American Century Companies Inc. raised its stake in Regional Management by 21.2% in the first quarter. American Century Companies Inc. now owns 163,219 shares of the credit services provider’s stock valued at $4,915,000 after purchasing an additional 28,536 shares in the last quarter. 98.89% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have commented on RM. Zacks Research downgraded shares of Regional Management from a “hold” rating to a “strong sell” rating in a report on Thursday, November 6th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Regional Management in a research note on Monday. Finally, Wall Street Zen cut shares of Regional Management from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 22nd. Two investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Reduce” and a consensus price target of $30.00.

About Regional Management

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.