Insider Selling: Regional Management (NYSE:RM) CAO Sells $67,264.00 in Stock

Regional Management Corp. (NYSE:RM) CAO Steven Barnette sold 1,600 shares of the firm’s stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $42.04, for a total transaction of $67,264.00. Following the completion of the transaction, the chief accounting officer directly owned 16,746 shares of the company’s stock, valued at approximately $704,001.84. This trade represents a 8.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Regional Management Stock Performance

Shares of NYSE:RM traded down $0.70 during trading on Thursday, hitting $41.65. 58,855 shares of the company were exchanged, compared to its average volume of 60,276. The stock has a 50 day moving average of $36.88 and a 200 day moving average of $36.20. The company has a market cap of $383.55 million, a PE ratio of 8.45 and a beta of 1.01. The company has a debt-to-equity ratio of 4.30, a current ratio of 59.88 and a quick ratio of 59.88. Regional Management Corp. has a 52-week low of $30.46 and a 52-week high of $46.00.

Regional Management (NYSE:RM) last posted its earnings results on Wednesday, April 29th. The credit services provider reported $1.18 earnings per share for the quarter, topping analysts’ consensus estimates of $0.98 by $0.20. The business had revenue of $167.29 million for the quarter, compared to analyst estimates of $161.55 million. Regional Management had a net margin of 7.40% and a return on equity of 13.16%.

Regional Management Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Wednesday, May 20th were issued a $0.30 dividend. The ex-dividend date of this dividend was Wednesday, May 20th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.9%. Regional Management’s dividend payout ratio is presently 24.34%.

Wall Street Analysts Forecast Growth

Several research firms have commented on RM. Citigroup reissued a “market outperform” rating on shares of Regional Management in a research note on Wednesday, June 17th. Weiss Ratings raised Regional Management from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, June 26th. Citizens Jmp upgraded shares of Regional Management from a “market perform” rating to an “outperform” rating and set a $45.00 price target for the company in a research note on Thursday, May 21st. Finally, Wall Street Zen raised Regional Management from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 20th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $45.00.

Hedge Funds Weigh In On Regional Management

Several institutional investors and hedge funds have recently bought and sold shares of RM. State of Alaska Department of Revenue bought a new stake in Regional Management during the fourth quarter valued at about $25,000. Wexford Capital LP bought a new position in shares of Regional Management in the third quarter worth about $32,000. Advisory Services Network LLC purchased a new position in shares of Regional Management during the 3rd quarter valued at about $39,000. Kestra Advisory Services LLC bought a new position in shares of Regional Management during the 4th quarter valued at approximately $49,000. Finally, BNP Paribas Financial Markets grew its stake in shares of Regional Management by 45.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,077 shares of the credit services provider’s stock valued at $81,000 after acquiring an additional 648 shares during the period. 98.89% of the stock is currently owned by hedge funds and other institutional investors.

About Regional Management

Regional Management Corp., headquartered in Wilmington, North Carolina, is a consumer finance company specializing in installment loan products for underbanked individuals. Since its founding in 1977, the company has developed a network of field-based branches alongside a digital platform to offer credit solutions in rural and small-town markets across the United States.

The company’s core offerings include consumer installment loans for everyday purchases, auto refinancing and lease buyouts, as well as ancillary services such as insurance referrals.