Regional Management (NYSE:RM) Director Michael Dunn Sells 4,420 Shares

Regional Management Corp. (NYSE:RM) Director Michael Dunn sold 4,420 shares of Regional Management stock in a transaction dated Tuesday, December 2nd. The stock was sold at an average price of $37.44, for a total value of $165,484.80. Following the sale, the director directly owned 108,689 shares of the company’s stock, valued at approximately $4,069,316.16. This trade represents a 3.91% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Regional Management Trading Down 1.1%

Shares of RM traded down $0.43 during midday trading on Thursday, reaching $37.23. The stock had a trading volume of 31,322 shares, compared to its average volume of 46,735. The company has a market capitalization of $361.45 million, a price-to-earnings ratio of 9.01 and a beta of 1.09. The company’s 50-day moving average is $38.74 and its 200 day moving average is $35.79. Regional Management Corp. has a 12-month low of $25.41 and a 12-month high of $46.00.

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

Regional Management Dividend Announcement

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

Analyst Ratings Changes

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

Institutional Investors Weigh In On Regional Management

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Ameritas Investment Partners Inc. boosted its position in Regional Management by 41.1% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 947 shares of the credit services provider’s stock valued at $28,000 after buying an additional 276 shares during the period. CWM LLC increased its position in shares of Regional Management by 43.7% in the third quarter. CWM LLC now owns 1,065 shares of the credit services provider’s stock valued at $41,000 after acquiring an additional 324 shares during the period. Royal Bank of Canada raised its stake in shares of Regional Management by 2.4% during the first quarter. Royal Bank of Canada now owns 16,200 shares of the credit services provider’s stock valued at $487,000 after acquiring an additional 375 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Regional Management by 9.7% during the second quarter. JPMorgan Chase & Co. now owns 4,824 shares of the credit services provider’s stock worth $141,000 after purchasing an additional 425 shares during the period. Finally, Rhumbline Advisers boosted its holdings in shares of Regional Management by 3.6% during the third quarter. Rhumbline Advisers now owns 13,455 shares of the credit services provider’s stock worth $524,000 after purchasing an additional 467 shares during the period. 98.89% of the stock is currently owned by institutional investors.

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.