Regional Management Corp. (RM) Stock Price Up 3.3%
Shares of Regional Management Corp. (NYSE:RM) rose 3.3% on Thursday . The stock traded as high as $14.87 and last traded at $14.81, with a volume of 62,354 shares changing hands. The stock had previously closed at $14.33.
RM has been the subject of several research reports. Zacks Investment Research upgraded shares of Regional Management Corp. from a “sell” rating to a “hold” rating in a report on Thursday, March 31st. Jefferies Group restated a “buy” rating on shares of Regional Management Corp. in a research note on Saturday, April 30th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Regional Management Corp. has an average rating of “Hold” and a consensus target price of $18.00.
The firm has a market capitalization of $177.68 million and a price-to-earnings ratio of 7.87. The company has a 50-day moving average of $15.66 and a 200-day moving average of $15.47.
Regional Management Corp. (NYSE:RM) last released its quarterly earnings results on Thursday, April 28th. The company reported $0.40 EPS for the quarter, missing the consensus estimate of $0.50 by $0.10. The firm had revenue of $56.70 million for the quarter, compared to analyst estimates of $56.66 million. Analysts forecast that Regional Management Corp. will post $1.93 EPS for the current year.
In related news, major shareholder Glen Capital Partners Focus Fu sold 8,613 shares of the company’s stock in a transaction that occurred on Wednesday, June 8th. The shares were sold at an average price of $17.82, for a total transaction of $153,483.66. Following the transaction, the insider now owns 1,258,496 shares of the company’s stock, valued at $22,426,398.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Alvaro G. Demolina sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, May 5th. The shares were sold at an average price of $15.83, for a total transaction of $158,300.00. Following the transaction, the director now directly owns 30,201 shares in the company, valued at approximately $478,081.83. The disclosure for this sale can be found here.
Several institutional investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP increased its position in shares of Regional Management Corp. by 26.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 308,774 shares of the company’s stock valued at $4,777,000 after buying an additional 64,520 shares during the last quarter. Matarin Capital Management LLC bought a new position in Regional Management Corp. during the fourth quarter worth $1,072,000. Tieton Capital Management LLC increased its position in Regional Management Corp. by 2.4% in the fourth quarter. Tieton Capital Management LLC now owns 368,997 shares of the company’s stock worth $5,708,000 after buying an additional 8,580 shares in the last quarter. LSV Asset Management increased its position in Regional Management Corp. by 443.5% in the fourth quarter. LSV Asset Management now owns 278,824 shares of the company’s stock worth $4,313,000 after buying an additional 227,524 shares in the last quarter. Finally, American Century Companies Inc. increased its position in Regional Management Corp. by 165.3% in the fourth quarter. American Century Companies Inc. now owns 162,146 shares of the company’s stock worth $2,508,000 after buying an additional 101,026 shares in the last quarter.
Regional Management Corp. is a diversified specialty consumer finance company. The Company provides a range of loan products primarily to customers with limited access to consumer credit from banks, thrifts, credit card companies and other traditional lenders. Its products include small loans, large loans, automobile loans, retail loans and optional credit insurance products.
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