Regional Management Corp. (RM) Shares Down 3.1%
Shares of Regional Management Corp. (NYSE:RM) dropped 3.1% on Tuesday . The company traded as low as $16.78 and last traded at $16.80, with a volume of 115,042 shares trading hands. The stock had previously closed at $17.33.
RM has been the topic of a number of analyst reports. Zacks Investment Research raised shares of Regional Management Corp. from a “sell” rating to a “hold” rating in a research note on Thursday, March 31st. Jefferies Group reaffirmed a “buy” rating on shares of Regional Management Corp. in a research note on Saturday, April 30th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $18.00.
The firm has a 50 day moving average of $15.66 and a 200 day moving average of $15.66. The stock has a market cap of $201.55 million and a PE ratio of 8.93.
Regional Management Corp. (NYSE:RM) last posted its earnings results on Tuesday, July 26th. The company reported $0.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.12. The company had revenue of $57.30 million for the quarter, compared to analyst estimates of $58.32 million. Equities analysts predict that Regional Management Corp. will post $1.92 EPS for the current fiscal year.
In other Regional Management Corp. news, major shareholder Glen Capital Partners Focus Fu sold 8,613 shares of Regional Management Corp. 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 sale, the insider now owns 1,258,496 shares in the company, valued at approximately $22,426,398.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Alvaro G. Demolina sold 10,000 shares of Regional Management Corp. stock in a transaction dated Thursday, May 5th. The stock was sold at an average price of $15.83, for a total transaction of $158,300.00. Following the completion of the sale, the director now owns 30,201 shares of the company’s stock, valued at approximately $478,081.83. The disclosure for this sale can be found here.
A hedge fund recently raised its stake in Regional Management Corp. stock. Dimensional Fund Advisors LP raised its stake in Regional Management Corp. (NYSE:RM) by 26.4% during the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 308,774 shares of the company’s stock after buying an additional 64,520 shares during the period. Dimensional Fund Advisors LP owned about 2.39% of Regional Management Corp. worth $4,777,000 at the end of the most recent 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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