Regional Management Corp. (RM) Trading Up 3.4%
Regional Management Corp. (NYSE:RM) shares were 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. The stock had previously closed at $16.74.
Several research analysts have issued reports on RM shares. Jefferies Group restated a “buy” rating on shares of Regional Management Corp. in a research report on Saturday, April 30th. Zacks Investment Research upgraded shares of Regional Management Corp. from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 4th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $18.00.
The stock has a 50-day moving average of $15.65 and a 200-day moving average of $15.54. The firm has a market cap of $208.75 million and a PE ratio of 9.25.
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 Zacks’ consensus estimate of $0.50 by $0.10. The business had revenue of $56.70 million for the quarter, compared to analysts’ expectations of $56.66 million. Equities research analysts forecast that Regional Management Corp. will post $1.92 EPS for the current year.
In other Regional Management Corp. news, major shareholder Glen Capital Partners Focus Fu sold 8,613 shares of the business’s 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 transaction, the insider now directly owns 1,258,496 shares in the company, valued at $22,426,398.72. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Alvaro G. Demolina sold 10,000 shares of the business’s stock in a transaction dated Thursday, May 5th. The shares were sold at an average price of $15.83, for a total transaction of $158,300.00. Following the completion of the transaction, the director now owns 30,201 shares in the company, valued at $478,081.83. The disclosure for this sale can be found here.
A number of institutional investors have recently added to or reduced their stakes in RM. LSV Asset Management raised 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 during the period. American Century Companies Inc. raised 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 during the period. Matarin Capital Management LLC purchased a new position in Regional Management Corp. during the fourth quarter worth approximately $1,072,000. Finally, Dimensional Fund Advisors LP raised its position in Regional Management Corp. by 26.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 308,774 shares of the company’s stock worth $4,777,000 after buying an additional 64,520 shares during the 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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