Key Points
- CAO Steven Barnette sold 1,600 shares of Regional Management on April 17 at an average price of $40 for $64,000, trimming his holding by 8.02% to 18,346 shares (valued at about $733,840).
- Regional Management reported EPS of $1.30 for the quarter, beating the $1.23 consensus while revenue was roughly $165.5M versus $167.9M estimated, and institutional investors hold about 98.9% of the stock.
- The stock trades near $39.77 with a market cap of ~$371M and a P/E of 8.94, and it pays a quarterly dividend of $0.30 (annualized $1.20, yield 3.0%, payout ratio ~27%).
Regional Management Corp. (NYSE:RM - Get Free Report) CAO Steven Barnette sold 1,600 shares of Regional Management stock in a transaction dated Friday, April 17th. The stock was sold at an average price of $40.00, for a total value of $64,000.00. Following the sale, the chief accounting officer directly owned 18,346 shares of the company's stock, valued at $733,840. This trade represents a 8.02% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Regional Management Trading Down 0.6%
Regional Management stock opened at $39.77 on Tuesday. The company has a quick ratio of 49.92, a current ratio of 49.92 and a debt-to-equity ratio of 4.40. Regional Management Corp. has a 52 week low of $26.06 and a 52 week high of $46.00. The company has a market capitalization of $371.04 million, a price-to-earnings ratio of 8.94 and a beta of 1.03. The stock has a 50-day moving average price of $33.72 and a 200 day moving average price of $36.74.
Regional Management (NYSE:RM - Get Free Report) last released its quarterly earnings data on Wednesday, February 4th. The credit services provider reported $1.30 earnings per share for the quarter, topping analysts' consensus estimates of $1.23 by $0.07. The firm 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 12.12%.
Regional Management Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 12th. Stockholders of record on Thursday, February 19th were paid a $0.30 dividend. The ex-dividend date was Thursday, February 19th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.0%. Regional Management's dividend payout ratio is presently 26.97%.
Hedge Funds Weigh In On Regional Management
Several large investors have recently made changes to their positions in the company. CWM LLC lifted its stake in shares of Regional Management by 43.7% in the 3rd quarter. CWM LLC now owns 1,065 shares of the credit services provider's stock valued at $41,000 after purchasing an additional 324 shares during the period. Russell Investments Group Ltd. lifted its stake in shares of Regional Management by 9.9% in the 4th 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 during the period. Royal Bank of Canada lifted its stake in shares of Regional Management by 2.4% in the 1st quarter. Royal Bank of Canada now owns 16,200 shares of the credit services provider's stock valued at $487,000 after purchasing an additional 375 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Regional Management by 9.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 4,824 shares of the credit services provider's stock valued at $141,000 after purchasing an additional 425 shares during the period. Finally, First Trust Advisors LP lifted its stake in shares of Regional Management by 1.6% in the 4th quarter. First Trust Advisors LP now owns 28,006 shares of the credit services provider's stock valued at $1,085,000 after purchasing an additional 436 shares during the period. 98.89% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of analysts have recently weighed in on RM shares. Weiss Ratings reiterated a "hold (c+)" rating on shares of Regional Management in a research note on Monday, December 29th. Zacks Research upgraded Regional Management from a "strong sell" rating to a "hold" rating in a research note on Monday, January 5th. Finally, Wall Street Zen downgraded Regional Management from a "strong-buy" rating to a "buy" rating in a research note on Saturday, February 7th. Three research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $30.00.
Check Out Our Latest Analysis on RM
Regional Management Company Profile
(
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.
Further Reading
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