Regional Management Corp. (RM) Reaches New 52-Week High at $20.15
Regional Management Corp. (NYSE:RM) reached a new 52-week high on Thursday . The company traded as high as $20.15 and last traded at $19.94, with a volume of 41,988 shares trading hands. The stock had previously closed at $20.02.
A number of research analysts have commented on RM shares. Zacks Investment Research downgraded Regional Management Corp. from a “hold” rating to a “sell” rating in a research note on Thursday, April 28th. BMO Capital Markets reaffirmed a “buy” rating and set a $26.00 price objective on shares of Regional Management Corp. in a research note on Wednesday, July 27th. Keefe, Bruyette & Woods raised their price objective on Regional Management Corp. from $17.50 to $19.00 and gave the stock a “market perform” rating in a research note on Thursday, July 28th. Finally, Jefferies Group reaffirmed a “buy” rating on shares of Regional Management Corp. in a research note on Saturday, April 30th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Regional Management Corp. presently has an average rating of “Hold” and an average target price of $21.20.
The stock has a 50 day moving average price of $17.65 and a 200 day moving average price of $16.32. The stock has a market capitalization of $228.32 million and a P/E ratio of 10.24.
Regional Management Corp. (NYSE:RM) last issued its earnings results on Tuesday, July 26th. The company reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.13. The business earned $57.30 million during the quarter, compared to analysts’ expectations of $58.32 million. On average, equities analysts expect that Regional Management Corp. will post $2.02 EPS for the current year.
In other 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 transaction of $153,483.66. Following the sale, the insider now owns 1,258,496 shares of the company’s stock, valued at approximately $22,426,398.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
An institutional investor recently raised its position in Regional Management Corp. stock. Dimensional Fund Advisors LP raised its stake in shares of Regional Management Corp. (NYSE:RM) by 26.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 308,774 shares of the company’s stock after buying an additional 64,520 shares during the period. Dimensional Fund Advisors LP owned 2.39% of Regional Management Corp. worth $4,777,000 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.