Regional Management (NYSE:RM) EVP Harpreet Rana Sells 3,009 Shares of Stock

Regional Management Corp. (NYSE:RMGet Free Report) EVP Harpreet Rana sold 3,009 shares of the stock in a transaction dated Tuesday, April 14th. The stock was sold at an average price of $38.06, for a total transaction of $114,522.54. Following the completion of the transaction, the executive vice president directly owned 46,502 shares of the company’s stock, valued at approximately $1,769,866.12. The trade was a 6.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Harpreet Rana also recently made the following trade(s):

  • On Wednesday, April 15th, Harpreet Rana sold 14,978 shares of Regional Management stock. The stock was sold at an average price of $38.09, for a total transaction of $570,512.02.

Regional Management Price Performance

RM stock opened at $38.51 on Friday. Regional Management Corp. has a 1 year low of $26.06 and a 1 year high of $46.00. The company has a market cap of $359.26 million, a P/E ratio of 8.65 and a beta of 1.03. The firm has a 50-day moving average of $33.52 and a 200 day moving average of $36.77. The company has a debt-to-equity ratio of 4.40, a current ratio of 49.92 and a quick ratio of 49.92.

Regional Management (NYSE:RMGet Free Report) last released its quarterly earnings results on Wednesday, February 4th. The credit services provider reported $1.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.23 by $0.07. Regional Management had a net margin of 6.88% and a return on equity of 12.12%. The company had revenue of ($165.49) million during the quarter, compared to the consensus estimate of $167.90 million. On average, sell-side analysts forecast that Regional Management Corp. will post 4.7 EPS for the current year.

Regional Management Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 12th. Investors of record on Thursday, February 19th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend was Thursday, February 19th. Regional Management’s dividend payout ratio is presently 26.97%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on RM. Zacks Research raised shares of Regional Management from a “strong sell” rating to a “hold” rating in a research note on Monday, January 5th. Weiss Ratings restated a “hold (c+)” rating on shares of Regional Management in a report on Monday, December 29th. Finally, Wall Street Zen cut shares of Regional Management from a “strong-buy” rating to a “buy” rating in a report on Saturday, February 7th. Three research analysts have rated the stock with a Hold rating, According to data from MarketBeat, Regional Management has an average rating of “Hold” and an average price target of $30.00.

View Our Latest Research Report on Regional Management

Key Stories Impacting Regional Management

Here are the key news stories impacting Regional Management this week:

  • Neutral Sentiment: Forager Fund L.P., a major shareholder, sold multiple tranches of RM across April 14–16 totaling ~37,800 shares (~$1.44M) while remaining a >10% holder; the sales reduced its stake modestly but left it materially invested. Read More.
  • Negative Sentiment: EVP Brian J. Fisher sold ~8,457 shares across April 14–15 (≈$322k), representing a double-digit percentage reduction in his holdings — a signal some investors interpret negatively for near-term insider conviction. Read More.
  • Negative Sentiment: EVP Harpreet Rana sold ~17,987 shares across April 14–15 (≈$685k), with one tranche showing a ~32% reduction in her stake — another meaningful insider sale that may pressure sentiment. Read More.

Institutional Investors Weigh In On Regional Management

A number of hedge funds and other institutional investors have recently bought and sold shares of RM. Royal Bank of Canada grew its holdings in Regional Management by 2.4% in the first quarter. Royal Bank of Canada now owns 16,200 shares of the credit services provider’s stock worth $487,000 after purchasing an additional 375 shares during the period. AQR Capital Management LLC purchased a new stake in Regional Management in the first quarter worth about $201,000. Goldman Sachs Group Inc. grew its holdings in Regional Management by 45.5% in the first quarter. Goldman Sachs Group Inc. now owns 194,374 shares of the credit services provider’s stock worth $5,853,000 after purchasing an additional 60,744 shares during the period. Empowered Funds LLC grew its holdings in Regional Management by 7.2% in the first quarter. Empowered Funds LLC now owns 46,851 shares of the credit services provider’s stock worth $1,411,000 after purchasing an additional 3,160 shares during the period. Finally, Jane Street Group LLC purchased a new stake in Regional Management in the first quarter worth about $282,000. Hedge funds and other institutional investors own 98.89% of the company’s stock.

About Regional Management

(Get Free Report)

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.

See Also

Insider Buying and Selling by Quarter for Regional Management (NYSE:RM)

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