Regional Management (NYSE:RM) Stock Passes Above Two Hundred Day Moving Average – What’s Next?

Regional Management Corp. (NYSE:RM) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $36.09 and traded as high as $36.93. Regional Management shares last traded at $36.7510, with a volume of 26,107 shares trading hands.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on RM. Citigroup upgraded Regional Management to an “outperform” rating in a research note on Thursday, May 21st. Citizens Jmp upgraded Regional Management from a “market perform” rating to an “outperform” rating and set a $45.00 target price for the company in a research note on Thursday, May 21st. Finally, Weiss Ratings downgraded Regional Management from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, May 21st. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $45.00.

Regional Management Stock Performance

The company has a market capitalization of $342.60 million, a price-to-earnings ratio of 7.55 and a beta of 1.03. The company has a debt-to-equity ratio of 4.30, a quick ratio of 59.88 and a current ratio of 59.88. The company has a 50 day moving average price of $36.27 and a 200 day moving average price of $36.10.

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

Regional Management Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Wednesday, May 20th were paid a dividend of $0.30 per share. The ex-dividend date was Wednesday, May 20th. This represents a $1.20 dividend on an annualized basis and a yield of 3.2%. Regional Management’s payout ratio is 24.34%.

Insider Buying and Selling at Regional Management

In other Regional Management news, major shareholder Fund L.P. Forager sold 17,602 shares of Regional Management stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $38.06, for a total transaction of $669,932.12. Following the completion of the transaction, the insider owned 994,263 shares in the company, valued at approximately $37,841,649.78. The trade was a 1.74% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Harpreet Rana sold 14,978 shares of Regional Management stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $38.09, for a total value of $570,512.02. Following the transaction, the executive vice president owned 31,524 shares of the company’s stock, valued at $1,200,749.16. This trade represents a 32.21% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 105,810 shares of company stock worth $4,072,197. Insiders own 10.90% of the company’s stock.

Hedge Funds Weigh In On Regional Management

A number of hedge funds have recently added to or reduced their stakes in the stock. Empowered Funds LLC boosted its stake in Regional Management by 9.7% during the 1st quarter. Empowered Funds LLC now owns 60,709 shares of the credit services provider’s stock valued at $1,958,000 after purchasing an additional 5,365 shares during the last quarter. Quantinno Capital Management LP boosted its stake in shares of Regional Management by 93.8% in the 1st quarter. Quantinno Capital Management LP now owns 23,621 shares of the credit services provider’s stock worth $762,000 after buying an additional 11,432 shares during the last quarter. Lazard Asset Management LLC purchased a new position in shares of Regional Management in the 1st quarter worth approximately $1,004,000. Arrowstreet Capital Limited Partnership boosted its stake in shares of Regional Management by 2.5% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 108,439 shares of the credit services provider’s stock worth $3,497,000 after buying an additional 2,618 shares during the last quarter. Finally, Sei Investments Co. boosted its stake in shares of Regional Management by 117.9% in the 1st quarter. Sei Investments Co. now owns 157,151 shares of the credit services provider’s stock worth $5,068,000 after buying an additional 85,040 shares during the last quarter. Institutional investors and hedge funds own 98.89% of the company’s stock.

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.