Insider Selling: Regional Management (NYSE:RM) CAO Sells 1,600 Shares of Stock

Regional Management Corp. (NYSE:RM) CAO Steven Barnette sold 1,600 shares of the business’s stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $42.04, for a total transaction of $67,264.00. Following the sale, the chief accounting officer directly owned 16,746 shares of the company’s stock, valued at approximately $704,001.84. The trade was a 8.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Regional Management Stock Down 1.7%

RM traded down $0.70 during midday trading on Thursday, reaching $41.65. 58,855 shares of the company were exchanged, compared to its average volume of 60,276. The company has a market cap of $383.55 million, a price-to-earnings ratio of 8.45 and a beta of 1.01. Regional Management Corp. has a one year low of $30.46 and a one year high of $46.00. The company’s fifty day moving average price is $36.88 and its 200 day moving average price is $36.20. The company has a debt-to-equity ratio of 4.30, a quick ratio of 59.88 and a current ratio of 59.88.

Regional Management (NYSE:RM) last announced its quarterly earnings results on Wednesday, April 29th. The credit services provider reported $1.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.20. Regional Management had a return on equity of 13.16% and a net margin of 7.40%.The business had revenue of $167.29 million during the quarter, compared to the consensus estimate of $161.55 million.

Regional Management Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Wednesday, May 20th were issued a $0.30 dividend. The ex-dividend date was Wednesday, May 20th. This represents a $1.20 annualized dividend and a dividend yield of 2.9%. Regional Management’s dividend payout ratio is currently 24.34%.

Institutional Trading of Regional Management

Several hedge funds have recently added to or reduced their stakes in the stock. State of Alaska Department of Revenue bought a new position in Regional Management during the fourth quarter valued at $25,000. Wexford Capital LP purchased a new position in shares of Regional Management during the 3rd quarter valued at $32,000. Advisory Services Network LLC bought a new position in shares of Regional Management during the 3rd quarter worth $39,000. Kestra Advisory Services LLC bought a new position in shares of Regional Management during the 4th quarter worth $49,000. Finally, BNP Paribas Financial Markets increased its holdings in Regional Management by 45.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,077 shares of the credit services provider’s stock worth $81,000 after acquiring an additional 648 shares during the last quarter. Institutional investors own 98.89% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Weiss Ratings raised shares of Regional Management from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, June 26th. Citigroup reissued a “market outperform” rating on shares of Regional Management in a research report on Wednesday, June 17th. Citizens Jmp upgraded Regional Management from a “market perform” rating to an “outperform” rating and set a $45.00 target price on the stock in a research note on Thursday, May 21st. Finally, Wall Street Zen raised Regional Management from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 20th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $45.00.

About Regional Management

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.