Regional Management Corp. (RM) Trading 2.3% Higher
Regional Management Corp. (NYSE:RM)’s share price traded up 2.3% during trading on Monday . The company traded as high as $17.34 and last traded at $17.33, with a volume of 67,629 shares. The stock had previously closed at $16.94.
Several research firms have recently issued reports on RM. Zacks Investment Research downgraded shares of Regional Management Corp. from a “hold” rating to a “sell” rating in a report on Thursday, April 28th. Jefferies Group restated a “buy” rating on shares of Regional Management Corp. in a report on Saturday, April 30th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $18.00.
The stock’s 50-day moving average is $15.68 and its 200-day moving average is $15.64. The company has a market cap of $207.91 million and a PE ratio of 9.21.
Regional Management Corp. (NYSE:RM) last issued its quarterly earnings results on Thursday, April 28th. The company reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $0.50 by $0.10. The company earned $56.70 million during the quarter, compared to analysts’ expectations of $56.66 million. Analysts forecast that Regional Management Corp. will post $1.92 EPS for the current year.
In related news, Director Alvaro G. Demolina sold 10,000 shares of the stock in a transaction dated Thursday, May 5th. The stock was sold at an average price of $15.83, for a total value of $158,300.00. Following the completion of the transaction, the director now owns 30,201 shares of the company’s stock, valued at $478,081.83. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Glen Capital Partners Focus Fu sold 8,613 shares of the stock in a transaction dated Wednesday, June 8th. The shares were sold at an average price of $17.82, for a total value of $153,483.66. Following the completion of the transaction, the insider now directly owns 1,258,496 shares of the company’s stock, valued at approximately $22,426,398.72. The disclosure for this sale can be found here.
A hedge fund recently bought a new stake in Regional Management Corp. stock. Matarin Capital Management LLC purchased a new position in shares of Regional Management Corp. (NYSE:RM) during the fourth quarter, according to its most recent disclosure with the SEC. The fund purchased 69,275 shares of the company’s stock, valued at approximately $1,072,000. Matarin Capital Management LLC owned approximately 0.54% of Regional Management Corp. at the end of the most recent reporting period.
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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