Key Points
- Regional Management SVP Catherine Atwood sold 3,000 shares on Monday at an average price of $35.06, totaling about $105,180. After the sale, she still owned 40,942 shares, a 6.83% reduction in her holdings.
- The company recently reported stronger-than-expected quarterly results, with EPS of $1.18 versus the $0.98 consensus estimate and revenue of $167.29 million versus expectations of $161.55 million.
- Regional Management announced a quarterly dividend of $0.30 per share, payable on June 10 to shareholders of record on May 20, implying an annualized yield of 3.5%.
Regional Management Corp. (NYSE:RM - Get Free Report) SVP Catherine Atwood sold 3,000 shares of the company's stock in a transaction on Monday, May 11th. The shares were sold at an average price of $35.06, for a total transaction of $105,180.00. Following the completion of the sale, the senior vice president directly owned 40,942 shares in the company, valued at $1,435,426.52. This trade represents a 6.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Regional Management Price Performance
Shares of RM opened at $34.10 on Tuesday. Regional Management Corp. has a fifty-two week low of $26.06 and a fifty-two week high of $46.00. The company has a debt-to-equity ratio of 4.30, a quick ratio of 59.88 and a current ratio of 59.88. The company has a market capitalization of $314.06 million, a P/E ratio of 6.92 and a beta of 1.04. The business's 50-day moving average is $34.57 and its two-hundred day moving average is $36.57.
Regional Management (NYSE:RM - Get Free Report) last posted its earnings results on Wednesday, April 29th. The credit services provider reported $1.18 EPS for the quarter, topping the consensus estimate of $0.98 by $0.20. The firm had revenue of $167.29 million for the quarter, compared to analyst estimates of $161.55 million. Regional Management had a return on equity of 13.16% and a net margin of 7.40%.
Regional Management Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Wednesday, May 20th will be given a $0.30 dividend. The ex-dividend date is Wednesday, May 20th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.5%. Regional Management's dividend payout ratio is 24.34%.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. CWM LLC boosted its holdings in Regional Management by 43.7% in the 3rd quarter. CWM LLC now owns 1,065 shares of the credit services provider's stock worth $41,000 after buying an additional 324 shares during the last quarter. Russell Investments Group Ltd. lifted its position in shares of Regional Management by 9.9% in the fourth quarter. Russell Investments Group Ltd. now owns 3,876 shares of the credit services provider's stock valued at $150,000 after acquiring an additional 350 shares in the last quarter. Royal Bank of Canada boosted its stake 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 worth $487,000 after acquiring an additional 375 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Regional Management by 9.7% in the second quarter. JPMorgan Chase & Co. now owns 4,824 shares of the credit services provider's stock worth $141,000 after acquiring an additional 425 shares during the last quarter. Finally, First Trust Advisors LP increased its position in shares of Regional Management by 1.6% during the fourth quarter. First Trust Advisors LP now owns 28,006 shares of the credit services provider's stock worth $1,085,000 after purchasing an additional 436 shares in the last quarter. 98.89% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
RM has been the subject of a number of analyst reports. Weiss Ratings raised Regional Management from a "hold (c)" rating to a "hold (c+)" rating in a report on Monday, May 4th. Wall Street Zen lowered Regional Management from a "strong-buy" rating to a "buy" rating in a report on Saturday, February 7th. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Regional Management has an average rating of "Hold".
Get Our Latest Stock Analysis on RM
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.
Further Reading
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