Regional Management Corp. (NYSE:RM - Get Free Report) Director Sandra Johnson sold 2,700 shares of the company's stock in a transaction that occurred on Thursday, November 5th. The shares were sold at an average price of $38.57, for a total transaction of $104,139.00. Following the sale, the director owned 17,873 shares in the company, valued at $689,361.61. The trade was a 13.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.
Regional Management Stock Performance
Regional Management stock traded down $1.35 during mid-day trading on Friday, reaching $36.27. The company's stock had a trading volume of 72,594 shares, compared to its average volume of 102,857. Regional Management Corp. has a 12-month low of $29.89 and a 12-month high of $44.29. The company has a market capitalization of $324.57 million, a P/E ratio of 7.34 and a beta of 1.08. The company has a debt-to-equity ratio of 4.58, a quick ratio of 64.04 and a current ratio of 60.68. The firm's fifty day moving average price is $33.33 and its two-hundred day moving average price is $35.36.
Regional Management (NYSE:RM - Get Free Report) last issued its earnings results on Wednesday, October 28th. The credit services provider reported $1.61 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.47 by $0.14. The business had revenue of $178.78 million for the quarter, compared to analysts' expectations of $174.69 million. Regional Management had a net margin of 6.96% and a return on equity of 12.61%.
Regional Management Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 16th. Investors of record on Wednesday, November 18th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date is Wednesday, November 18th. Regional Management's payout ratio is presently 24.29%.
Analyst Ratings Changes
A number of research firms have weighed in on RM. Citizens Jmp reduced their target price on Regional Management from $45.00 to $43.00 and set a "market outperform" rating for the company in a report on Thursday, July 30th. Stephens raised their price objective on shares of Regional Management from $38.50 to $40.00 and gave the company an "overweight" rating in a research report on Thursday, October 29th. Citigroup reaffirmed a "market outperform" rating on shares of Regional Management in a research note on Thursday, July 30th. Weiss Ratings raised shares of Regional Management from a "hold (c)" rating to a "hold (c+)" rating in a report on Monday. Finally, Wall Street Zen upgraded shares of Regional Management from a "hold" rating to a "buy" rating in a research note on Monday, October 12th. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $41.50.
View Our Latest Stock Analysis on Regional Management
Hedge Funds Weigh In On Regional Management
Hedge funds and other institutional investors have recently modified their holdings of the company. Legal & General Group Plc purchased a new position in shares of Regional Management in the 2nd quarter worth about $33,000. GAMMA Investing LLC raised its holdings in shares of Regional Management by 183.8% during the 3rd quarter. GAMMA Investing LLC now owns 931 shares of the credit services provider's stock valued at $28,000 after buying an additional 603 shares in the last quarter. Versant Capital Management Inc raised its holdings in shares of Regional Management by 140.7% during the 3rd quarter. Versant Capital Management Inc now owns 1,663 shares of the credit services provider's stock valued at $50,000 after buying an additional 972 shares in the last quarter. State of Alaska Department of Revenue raised its holdings in shares of Regional Management by 145.1% during the 3rd quarter. State of Alaska Department of Revenue now owns 5,067 shares of the credit services provider's stock valued at $153,000 after buying an additional 3,000 shares in the last quarter. Finally, Algert Global LLC bought a new stake in Regional Management in the 2nd quarter worth approximately $209,000. 98.89% of the stock is currently owned by hedge funds and other institutional investors.
Regional Management Company Profile
(
Get Free Report)
Regional Management Corp. (NYSE: RM) is a consumer finance company that provides credit products to individuals who may have limited access to traditional bank financing. The company primarily offers small and medium-sized installment loans, including secured and unsecured personal loans, through a network of local branches and digital channels.
Its services may also include optional credit-related products, such as insurance and other ancillary offerings associated with consumer lending.
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