Regional Management (NYSE:RM) SVP Catherine Atwood Sells 400 Shares

Regional Management Corp. (NYSE:RM) SVP Catherine Atwood sold 400 shares of the stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $35.04, for a total value of $14,016.00. Following the transaction, the senior vice president owned 46,542 shares in the company, valued at approximately $1,630,831.68. This trade represents a 0.85% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Regional Management Stock Performance

Shares of Regional Management stock traded down $0.05 on Wednesday, reaching $35.04. The stock had a trading volume of 105,926 shares, compared to its average volume of 60,934. The business’s 50-day moving average price is $37.93 and its two-hundred day moving average price is $38.90. The stock has a market cap of $340.25 million, a P/E ratio of 7.87 and a beta of 1.06. Regional Management Corp. has a fifty-two week low of $25.41 and a fifty-two week high of $46.00.

Regional Management (NYSE:RM) last posted its earnings results on Wednesday, February 4th. The credit services provider reported $1.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.23 by $0.07. The business had revenue of ($165.49) million for the quarter, compared to analyst estimates of $167.90 million. Regional Management had a net margin of 6.88% and a return on equity of 12.19%. As a group, equities analysts forecast that Regional Management Corp. will post 4.7 earnings per share for the current fiscal year.

Regional Management Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 12th. Shareholders of record on Thursday, February 19th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend is Thursday, February 19th. Regional Management’s payout ratio is currently 26.97%.

Institutional Investors Weigh In On Regional Management

Institutional investors have recently bought and sold shares of the business. Empowered Funds LLC raised its stake in shares of Regional Management by 10.5% in the 4th quarter. Empowered Funds LLC now owns 55,344 shares of the credit services provider’s stock valued at $2,145,000 after buying an additional 5,267 shares in the last quarter. Wellington Management Group LLP increased its stake in Regional Management by 9.9% in the fourth quarter. Wellington Management Group LLP now owns 218,164 shares of the credit services provider’s stock valued at $8,454,000 after acquiring an additional 19,600 shares during the period. Bridgeway Capital Management LLC raised its position in Regional Management by 4.9% in the fourth quarter. Bridgeway Capital Management LLC now owns 111,844 shares of the credit services provider’s stock worth $4,334,000 after purchasing an additional 5,267 shares in the last quarter. AQR Capital Management LLC lifted its stake in Regional Management by 65.0% during the fourth quarter. AQR Capital Management LLC now owns 40,324 shares of the credit services provider’s stock worth $1,563,000 after purchasing an additional 15,878 shares during the period. Finally, Russell Investments Group Ltd. boosted its holdings in Regional Management by 9.9% during the fourth quarter. Russell Investments Group Ltd. now owns 3,876 shares of the credit services provider’s stock valued at $150,000 after purchasing an additional 350 shares in the last quarter. Institutional investors and hedge funds own 98.89% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on RM shares. Wall Street Zen downgraded shares of Regional Management from a “strong-buy” rating to a “buy” rating in a research note on Saturday, February 7th. Weiss Ratings restated a “hold (c+)” rating on shares of Regional Management in a research report on Monday, December 29th. Finally, Zacks Research upgraded shares of Regional Management from a “strong sell” rating to a “hold” rating in a report on Monday, January 5th. Three investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $30.00.

About Regional Management

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.