Regional Management Corp. (RM) Trading Up 3.4%
Regional Management Corp. (NYSE:RM)’s share price was up 3.4% during mid-day trading on Friday . The stock traded as high as $17.43 and last traded at $17.31, with a volume of 61,264 shares changing hands. The stock had previously closed at $16.74.
Several equities analysts have issued reports on RM shares. 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 reissued a “buy” rating on shares of Regional Management Corp. in a research note on Saturday, April 30th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. Regional Management Corp. currently has an average rating of “Hold” and an average target price of $18.00.
The company has a 50 day moving average of $15.65 and a 200 day moving average of $15.54. The company has a market cap of $208.75 million and a P/E ratio of 9.25.
Regional Management Corp. (NYSE:RM) last announced its quarterly earnings data on Thursday, April 28th. The company reported $0.40 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.50 by $0.10. The company earned $56.70 million during the quarter, compared to analysts’ expectations of $56.66 million. Equities research analysts predict that Regional Management Corp. will post $1.92 earnings per share for the current fiscal year.
In other Regional Management Corp. news, major shareholder Glen Capital Partners Focus Fu sold 8,613 shares of the stock in a transaction on Wednesday, June 8th. The stock was sold at an average price of $17.82, for a total value of $153,483.66. Following the sale, the insider now directly owns 1,258,496 shares of the company’s stock, valued at $22,426,398.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Alvaro G. Demolina sold 10,000 shares of the stock in a transaction on 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 sale, the director now directly owns 30,201 shares in the company, valued at $478,081.83. The disclosure for this sale can be found here.
A number of large investors recently modified their holdings of the company. Dimensional Fund Advisors LP raised its stake 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 in the last quarter. Matarin Capital Management LLC bought a new stake in shares of Regional Management Corp. during the fourth quarter valued at $1,072,000. American Century Companies Inc. raised its stake in shares of Regional Management Corp. by 165.3% in the fourth quarter. American Century Companies Inc. now owns 162,146 shares of the company’s stock valued at $2,508,000 after buying an additional 101,026 shares in the last quarter. Finally, LSV Asset Management raised its stake in shares of Regional Management Corp. by 443.5% in the fourth quarter. LSV Asset Management now owns 278,824 shares of the company’s stock valued at $4,313,000 after buying an additional 227,524 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.