Regional Management Corp. (NYSE:RM - Get Free Report) SVP Catherine Atwood sold 400 shares of the firm's stock in a transaction on Friday, February 13th. The stock was sold at an average price of $35.04, for a total transaction of $14,016.00. Following the completion of the sale, the senior vice president owned 46,542 shares of the company's stock, valued at $1,630,831.68. The trade was a 0.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.
Regional Management Trading Down 0.1%
Shares of NYSE RM opened at $35.04 on Thursday. The firm has a market capitalization of $340.25 million, a P/E ratio of 7.87 and a beta of 1.06. The firm's 50-day moving average price is $37.87 and its 200-day moving average price is $38.87. Regional Management Corp. has a 1-year low of $25.41 and a 1-year high of $46.00.
Regional Management (NYSE:RM - Get Free Report) last issued its earnings results on Wednesday, February 4th. The credit services provider reported $1.30 EPS for the quarter, beating analysts' consensus estimates of $1.23 by $0.07. Regional Management had a return on equity of 12.19% and a net margin of 6.88%.The business had revenue of ($165.49) million during the quarter, compared to analyst estimates of $167.90 million. Equities research analysts forecast that Regional Management Corp. will post 4.7 EPS for the current year.
Regional Management Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 12th. Stockholders of record on Thursday, February 19th will be issued a dividend of $0.30 per share. The ex-dividend date is Thursday, February 19th. This represents a $1.20 annualized dividend and a dividend yield of 3.4%. Regional Management's payout ratio is currently 26.97%.
Wall Street Analysts Forecast Growth
Several analysts recently issued reports on RM shares. Weiss Ratings reissued a "hold (c+)" rating on shares of Regional Management in a research report on Monday, December 29th. Wall Street Zen lowered shares of Regional Management from a "strong-buy" rating to a "buy" rating in a research note on Saturday, February 7th. Finally, Zacks Research raised shares of Regional Management from a "strong sell" rating to a "hold" rating in a research report on Monday, January 5th. Three investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $30.00.
View Our Latest Report on Regional Management
Hedge Funds Weigh In On Regional Management
Several large investors have recently bought and sold shares of RM. Forager Capital Management LLC boosted its holdings in Regional Management by 20.7% during the 2nd quarter. Forager Capital Management LLC now owns 1,085,098 shares of the credit services provider's stock worth $31,696,000 after acquiring an additional 186,072 shares during the last quarter. Hillsdale Investment Management Inc. bought a new stake in Regional Management in the 3rd quarter worth about $3,707,000. Goldman Sachs Group Inc. lifted its position in shares of Regional Management by 45.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 194,374 shares of the credit services provider's stock worth $5,853,000 after buying an additional 60,744 shares in the last quarter. Tieton Capital Management LLC boosted its stake in shares of Regional Management by 18.6% in the 2nd quarter. Tieton Capital Management LLC now owns 295,081 shares of the credit services provider's stock worth $8,619,000 after buying an additional 46,380 shares during the last quarter. Finally, Renaissance Technologies LLC increased its position in shares of Regional Management by 15.8% during the fourth quarter. Renaissance Technologies LLC now owns 243,137 shares of the credit services provider's stock valued at $9,422,000 after acquiring an additional 33,200 shares during the last quarter. 98.89% of the stock is currently owned by institutional investors.
About Regional Management
(
Get Free Report)
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.
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