Regional Management (NYSE:RM) Director Sells $104,139.00 in Stock

Regional Management Corp. (NYSE:RM) Director Sandra Johnson sold 2,700 shares of Regional Management stock in a transaction on Thursday, November 5th. The shares were sold at an average price of $38.57, for a total transaction of $104,139.00. Following the completion of the sale, the director directly owned 17,873 shares in the company, valued at $689,361.61. This represents a 13.12% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Regional Management Price Performance

Shares of NYSE RM opened at $36.27 on Monday. The firm has a market cap of $324.57 million, a PE ratio of 7.34 and a beta of 1.08. The firm has a fifty day moving average of $33.33 and a 200 day moving average of $35.36. The company has a debt-to-equity ratio of 4.58, a quick ratio of 60.68 and a current ratio of 60.68. Regional Management Corp. has a one year low of $29.89 and a one year high of $44.29.

Regional Management (NYSE:RM) last posted its quarterly earnings data on Wednesday, October 28th. The credit services provider reported $1.61 earnings per share for the quarter, topping analysts’ consensus estimates of $1.47 by $0.14. The company had revenue of $178.78 million during the quarter, compared to analysts’ expectations of $174.69 million. Regional Management had a net margin of 6.96% and a return on equity of 12.61%.

Regional Management Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 16th. Investors of record on Wednesday, November 18th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 3.3%. The ex-dividend date is Wednesday, November 18th. Regional Management’s dividend payout ratio is 24.29%.

Wall Street Analysts Forecast Growth

RM has been the subject of a number of research analyst reports. Wall Street Zen raised Regional Management from a “hold” rating to a “buy” rating in a report on Monday, October 12th. Stephens raised their target price on Regional Management from $38.50 to $40.00 and gave the company an “overweight” rating in a research report on Thursday, October 29th. Citigroup reaffirmed a “market outperform” rating on shares of Regional Management in a research note on Thursday, July 30th. Citizens Jmp lowered their target price on shares of Regional Management from $45.00 to $43.00 and set a “market outperform” rating on the stock in a research note on Thursday, July 30th. Finally, Weiss Ratings raised shares of Regional Management from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, November 2nd. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, Regional Management currently has a consensus rating of “Moderate Buy” and an average target price of $41.50.

Institutional Investors Weigh In On Regional Management

Several institutional investors and hedge funds have recently modified their holdings of RM. GAMMA Investing LLC lifted its holdings in shares of Regional Management by 183.8% in the 3rd quarter. GAMMA Investing LLC now owns 931 shares of the credit services provider’s stock valued at $28,000 after buying an additional 603 shares during the period. Legal & General Group Plc purchased a new stake in shares of Regional Management in the second quarter valued at about $33,000. Versant Capital Management Inc grew its holdings in Regional Management by 140.7% during the 3rd quarter. Versant Capital Management Inc now owns 1,663 shares of the credit services provider’s stock valued at $50,000 after buying an additional 972 shares during the last quarter. State of Alaska Department of Revenue boosted its stake in shares of Regional Management by 145.1% during the third quarter. State of Alaska Department of Revenue now owns 5,067 shares of the credit services provider’s stock valued at $153,000 after acquiring an additional 3,000 shares during the last quarter. Finally, Algert Global LLC purchased a new stake in shares of Regional Management during the second quarter worth about $209,000. Hedge funds and other institutional investors own 98.89% of the company’s stock.

About Regional Management

Regional Management Corp. (NYSE: RM) is a consumer finance company that provides credit products to individuals who may have limited access to traditional bank financing. The company primarily offers small and medium-sized installment loans, including secured and unsecured personal loans, through a network of local branches and digital channels.

Its services may also include optional credit-related products, such as insurance and other ancillary offerings associated with consumer lending.