Regional Management (NYSE:RM) Director Sandra Johnson Sells 2,700 Shares of Stock

Regional Management Corp. (NYSE:RM) Director Sandra Johnson sold 2,700 shares of the company’s stock in a transaction dated Thursday, November 5th. The shares were sold at an average price of $38.57, for a total transaction of $104,139.00. Following the completion of the sale, the director directly owned 17,873 shares in the company, valued at approximately $689,361.61. The trade was a 13.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link.

Regional Management Stock Performance

NYSE:RM traded down $1.35 during mid-day trading on Friday, hitting $36.27. The stock had a trading volume of 72,594 shares, compared to its average volume of 102,857. The company’s 50 day simple moving average is $33.33 and its 200 day simple moving average is $35.36. Regional Management Corp. has a twelve month low of $29.89 and a twelve month high of $44.29. The company has a debt-to-equity ratio of 4.58, a quick ratio of 64.04 and a current ratio of 60.68. The stock has a market cap of $324.57 million, a price-to-earnings ratio of 7.34 and a beta of 1.08.

Regional Management (NYSE:RM) last released its quarterly earnings data on Wednesday, October 28th. The credit services provider reported $1.61 earnings per share for the quarter, topping the consensus estimate of $1.47 by $0.14. The firm had revenue of $178.78 million for the quarter, compared to the consensus estimate of $174.69 million. Regional Management had a net margin of 6.96% and a return on equity of 12.61%.

Regional Management Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 16th. Investors of record on Wednesday, November 18th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date is Wednesday, November 18th. Regional Management’s dividend payout ratio is currently 24.29%.

Hedge Funds Weigh In On Regional Management

A number of hedge funds and other institutional investors have recently made changes to their positions in RM. Legal & General Group Plc bought a new stake in Regional Management in the second quarter worth about $33,000. GAMMA Investing LLC lifted its position in shares of Regional Management by 183.8% during the 3rd quarter. GAMMA Investing LLC now owns 931 shares of the credit services provider’s stock valued at $28,000 after buying an additional 603 shares during the last quarter. Versant Capital Management Inc grew its stake in shares of Regional Management by 140.7% during the 3rd quarter. Versant Capital Management Inc now owns 1,663 shares of the credit services provider’s stock worth $50,000 after acquiring an additional 972 shares during the period. State of Alaska Department of Revenue grew its stake in shares of Regional Management by 145.1% during the 3rd quarter. State of Alaska Department of Revenue now owns 5,067 shares of the credit services provider’s stock worth $153,000 after acquiring an additional 3,000 shares during the period. Finally, Algert Global LLC purchased a new stake in Regional Management in the 2nd quarter worth about $209,000. 98.89% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on RM shares. Citizens Jmp cut their price target on Regional Management from $45.00 to $43.00 and set a “market outperform” rating for the company in a research note on Thursday, July 30th. Citigroup restated a “market outperform” rating on shares of Regional Management in a report on Thursday, July 30th. Weiss Ratings raised Regional Management from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday. Wall Street Zen raised Regional Management from a “hold” rating to a “buy” rating in a research report on Monday, October 12th. Finally, Stephens increased their price target on Regional Management from $38.50 to $40.00 and gave the company an “overweight” rating in a research report on Thursday, October 29th. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $41.50.

Regional Management Company Profile

Regional Management Corp. (NYSE: RM) is a consumer finance company that provides credit products to individuals who may have limited access to traditional bank financing. The company primarily offers small and medium-sized installment loans, including secured and unsecured personal loans, through a network of local branches and digital channels.

Its services may also include optional credit-related products, such as insurance and other ancillary offerings associated with consumer lending.