Key Points
- Director Michael Dunn sold 4,420 shares on Dec. 2 at an average price of $37.44 for a total of $165,484.80, reducing his ownership by 3.91% to 108,689 shares (≈$4.07M); the transaction was disclosed in an SEC filing.
- Regional Management shares traded at $36.79 (down ~0.8%) with a market cap of $357.18M and a P/E of 8.91, and the company recently beat quarterly estimates with EPS of $1.42 on $165.49M in revenue.
- The firm announced a quarterly dividend of $0.30 ($1.20 annualized, 3.3% yield; ex-dividend Nov. 25), while analysts are mixed — MarketBeat shows an average rating of "Reduce" and a consensus target of $30.00.
Regional Management Corp. (NYSE:RM - Get Free Report) Director Michael Dunn sold 4,420 shares of the company's stock in a transaction that occurred on Tuesday, December 2nd. The shares were sold at an average price of $37.44, for a total value of $165,484.80. Following the completion of the transaction, the director directly owned 108,689 shares of the company's stock, valued at approximately $4,069,316.16. This represents a 3.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Regional Management Stock Down 0.8%
Regional Management stock traded down $0.32 during mid-day trading on Friday, reaching $36.79. 10,645 shares of the company's stock were exchanged, compared to its average volume of 46,578. The business's fifty day simple moving average is $38.63 and its 200 day simple moving average is $35.80. Regional Management Corp. has a one year low of $25.41 and a one year high of $46.00. The firm has a market capitalization of $357.18 million, a PE ratio of 8.91 and a beta of 1.09.
Regional Management (NYSE:RM - Get Free Report) last announced its quarterly earnings data on Wednesday, November 5th. The credit services provider reported $1.42 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.39 by $0.03. The firm 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%. On average, sell-side 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 announced a quarterly dividend, which will be paid on Tuesday, December 16th. Shareholders of record on Tuesday, November 25th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date is Tuesday, November 25th. Regional Management's payout ratio is presently 29.06%.
Analyst Upgrades and Downgrades
Several brokerages have recently issued reports on RM. Zacks Research lowered shares of Regional Management from a "hold" rating to a "strong sell" rating in a research note on Thursday, November 6th. Wall Street Zen lowered Regional Management from a "strong-buy" rating to a "buy" rating in a report on Saturday, November 22nd. Finally, Weiss Ratings restated a "hold (c+)" rating on shares of Regional Management in a research note on Monday. Two analysts have rated the stock with a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, Regional Management currently has an average rating of "Reduce" and a consensus target price of $30.00.
Read Our Latest Stock Report on Regional Management
Institutional Trading of Regional Management
Institutional investors have recently added to or reduced their stakes in the stock. Ameritas Investment Partners Inc. grew its holdings 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 in the last quarter. CWM LLC boosted 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 boosted its position in shares of Regional Management by 2.4% in 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 period. JPMorgan Chase & Co. grew its stake in Regional Management by 9.7% during the second quarter. JPMorgan Chase & Co. now owns 4,824 shares of the credit services provider's stock valued at $141,000 after acquiring an additional 425 shares in the last quarter. Finally, Rhumbline Advisers increased its holdings in Regional Management by 3.6% during the 3rd quarter. Rhumbline Advisers now owns 13,455 shares of the credit services provider's stock worth $524,000 after acquiring an additional 467 shares during the period. Hedge funds and other institutional investors own 98.89% of the company's stock.
About Regional Management
(
Get Free Report)
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.
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