Insider Selling: Regional Management (NYSE:RM) Director Sells $104,139.00 in Stock

Regional Management Corp. (NYSE:RM) Director Sandra Johnson sold 2,700 shares of the firm’s stock in a transaction dated Thursday, November 5th. The shares were sold at an average price of $38.57, for a total value of $104,139.00. Following the transaction, the director owned 17,873 shares in the company, valued at approximately $689,361.61. This trade represents a 13.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Regional Management Stock Down 3.6%

Shares of NYSE:RM traded down $1.35 on Friday, reaching $36.27. The company had a trading volume of 72,594 shares, compared to its average volume of 73,737. The stock has a market capitalization of $324.46 million, a P/E ratio of 7.34 and a beta of 1.08. The stock has a 50-day moving average price of $33.26 and a 200 day moving average price of $35.36. Regional Management Corp. has a twelve month low of $29.89 and a twelve month high of $44.29. The company has a quick ratio of 64.04, a current ratio of 60.68 and a debt-to-equity ratio of 4.58.

Regional Management (NYSE:RM) last issued its quarterly earnings data on Wednesday, October 28th. The credit services provider reported $1.61 EPS for the quarter, beating analysts’ consensus estimates of $1.47 by $0.14. Regional Management had a return on equity of 12.61% and a net margin of 6.96%. The business had revenue of $178.78 million for the quarter, compared to analyst estimates of $174.69 million.

Regional Management Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 16th. Shareholders of record on Wednesday, November 18th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, November 18th. This represents a $1.20 dividend on an annualized basis and a yield of 3.3%. Regional Management’s dividend payout ratio is presently 24.29%.

Institutional Investors Weigh In On Regional Management

Several hedge funds and other institutional investors have recently modified their holdings of RM. GAMMA Investing LLC increased its holdings in Regional Management by 183.8% in the third quarter. GAMMA Investing LLC now owns 931 shares of the credit services provider’s stock valued at $28,000 after purchasing an additional 603 shares during the last quarter. Legal & General Group Plc bought a new stake in shares of Regional Management in the 2nd quarter valued at about $33,000. Versant Capital Management Inc raised its position in shares of Regional Management by 140.7% in the 3rd quarter. Versant Capital Management Inc now owns 1,663 shares of the credit services provider’s stock valued at $50,000 after acquiring an additional 972 shares during the period. State of Alaska Department of Revenue raised its position in shares of Regional Management by 145.1% in 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 acquiring an additional 3,000 shares during the period. Finally, Algert Global LLC bought a new position in Regional Management during the 2nd quarter worth approximately $209,000. Institutional investors and hedge funds own 98.89% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on RM. Stephens lifted their price target 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 report on Thursday, July 30th. Weiss Ratings upgraded shares of Regional Management from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday. Citizens Jmp dropped their target price on shares of Regional Management from $45.00 to $43.00 and set a “market outperform” rating on the stock in a report on Thursday, July 30th. Finally, Wall Street Zen upgraded shares of Regional Management from a “hold” rating to a “buy” rating in a report on Monday, October 12th. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Regional Management presently has an average rating of “Moderate Buy” and an average price target of $41.50.

Regional Management Company Profile

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.