Regional Management Corp. (RM) Hits New 1-Year High at $20.15
Regional Management Corp. (NYSE:RM) shares reached a new 52-week high during mid-day trading 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.
RM has been the subject of a number of recent research reports. Zacks Investment Research lowered Regional Management Corp. from a “hold” rating to a “sell” rating in a report on Thursday, April 28th. Keefe, Bruyette & Woods lifted their target price on Regional Management Corp. from $17.50 to $19.00 and gave the company a “market perform” rating in a report on Thursday, July 28th. BMO Capital Markets reaffirmed a “buy” rating and set a $26.00 price target on shares of Regional Management Corp. in a report on Wednesday, July 27th. Finally, Jefferies Group reaffirmed a “buy” rating on shares of Regional Management Corp. in a report on Saturday, April 30th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Regional Management Corp. has an average rating of “Hold” and an average target price of $21.20.
The stock has a 50 day moving average price of $17.96 and a 200 day moving average price of $16.39. The firm has a market capitalization of $226.95 million and a P/E ratio of 10.18.
Regional Management Corp. (NYSE:RM) last released its quarterly earnings data on Tuesday, July 26th. The company reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.13. The firm had revenue of $57.30 million for the quarter, compared to analyst estimates of $58.32 million. On average, analysts predict that Regional Management Corp. will post $2.02 earnings per share for the current fiscal year.
In other news, major shareholder Glen Capital Partners Focus Fu sold 125,656 shares of the company’s stock in a transaction on Friday, July 29th. The stock was sold at an average price of $18.87, for a total transaction of $2,371,128.72. Following the completion of the sale, the insider now directly owns 1,217,038 shares in the company, valued at approximately $22,965,507.06. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
An institutional investor recently raised its position in Regional Management Corp. stock. Dimensional Fund Advisors LP increased 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. 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 approximately 2.39% of Regional Management Corp. worth $4,777,000 as of its most recent filing with the SEC.
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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