Insider Selling: Regional Management (NYSE:RM) SVP Sells $105,180.00 in Stock

Regional Management Corp. (NYSE:RM) SVP Catherine Atwood sold 3,000 shares of the firm’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $35.06, for a total transaction of $105,180.00. Following the completion of the sale, the senior vice president owned 40,942 shares of the company’s stock, valued at $1,435,426.52. The trade was a 6.83% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

Regional Management Stock Performance

RM stock opened at $34.08 on Thursday. The stock has a market capitalization of $313.91 million, a PE ratio of 6.91 and a beta of 1.04. The company has a debt-to-equity ratio of 4.30, a current ratio of 59.88 and a quick ratio of 59.88. The company has a 50 day moving average price of $34.65 and a 200 day moving average price of $36.49. Regional Management Corp. has a fifty-two week low of $26.06 and a fifty-two week high of $46.00.

Regional Management (NYSE:RM) last released its earnings results on Wednesday, April 29th. The credit services provider reported $1.18 earnings per share for the quarter, topping analysts’ consensus estimates of $0.98 by $0.20. The company had revenue of $167.29 million during the quarter, compared to the consensus estimate of $161.55 million. Regional Management had a return on equity of 13.16% and a net margin of 7.40%.

Regional Management Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Wednesday, May 20th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend is Wednesday, May 20th. Regional Management’s dividend payout ratio (DPR) is 24.34%.

Hedge Funds Weigh In On Regional Management

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. State of Alaska Department of Revenue acquired a new position in shares of Regional Management in the 4th quarter valued at $25,000. Wexford Capital LP acquired a new position in Regional Management in the third quarter valued at about $32,000. Advisory Services Network LLC bought a new stake in shares of Regional Management in the third quarter worth about $39,000. CWM LLC raised its position in shares of Regional Management by 43.7% during the third quarter. CWM LLC now owns 1,065 shares of the credit services provider’s stock worth $41,000 after purchasing an additional 324 shares during the period. Finally, Kestra Advisory Services LLC acquired a new stake in shares of Regional Management during the fourth quarter worth about $49,000. 98.89% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Wall Street Zen cut shares of Regional Management from a “strong-buy” rating to a “buy” rating in a research note on Saturday, February 7th. Weiss Ratings upgraded Regional Management from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, May 4th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has an average rating of “Hold”.

Regional Management Company Profile

Regional Management Corp., headquartered in Wilmington, North Carolina, is a consumer finance company specializing in installment loan products for underbanked individuals. Since its founding in 1977, the company has developed a network of field-based branches alongside a digital platform to offer credit solutions in rural and small-town markets across the United States.

The company’s core offerings include consumer installment loans for everyday purchases, auto refinancing and lease buyouts, as well as ancillary services such as insurance referrals.