Regional Management Corp. (NYSE:RM – Get Free Report) CEO Lakhbir Lamba acquired 6,500 shares of the stock in a transaction dated Tuesday, August 11th. The stock was acquired at an average price of $31.59 per share, for a total transaction of $205,335.00. Following the completion of the acquisition, the chief executive officer directly owned 52,234 shares of the company’s stock, valued at $1,650,072.06. The trade was a 14.21% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.
Regional Management Stock Up 1.5%
Shares of RM stock traded up $0.48 during trading on Thursday, reaching $32.65. The company’s stock had a trading volume of 59,262 shares, compared to its average volume of 66,633. Regional Management Corp. has a one year low of $30.46 and a one year high of $46.00. The business has a fifty day moving average price of $38.62 and a 200-day moving average price of $36.22. The company has a market cap of $301.23 million, a price-to-earnings ratio of 6.87 and a beta of 1.02. The company has a quick ratio of 64.04, a current ratio of 64.04 and a debt-to-equity ratio of 4.41.
Regional Management (NYSE:RM – Get Free Report) last released its earnings results on Wednesday, July 29th. The credit services provider reported $0.85 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.04. Regional Management had a net margin of 6.98% and a return on equity of 12.49%. The business had revenue of $168.01 million during the quarter, compared to the consensus estimate of $165.69 million.
Regional Management Announces Dividend
Wall Street Analyst Weigh In
A number of equities research analysts have recently issued reports on RM shares. Wall Street Zen cut Regional Management from a “buy” rating to a “hold” rating in a research note on Sunday. Citizens Jmp dropped their price target on shares of Regional Management from $45.00 to $43.00 and set a “market outperform” rating on the stock in a research report on Thursday, July 30th. Weiss Ratings cut shares of Regional Management from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, August 7th. Finally, Citigroup restated a “market outperform” rating on shares of Regional Management in a research note on Thursday, July 30th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $43.00.
View Our Latest Stock Analysis on Regional Management
Hedge Funds Weigh In On Regional Management
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. State of Alaska Department of Revenue acquired a new stake in shares of Regional Management during the 4th quarter worth about $25,000. Wexford Capital LP bought a new stake in shares of Regional Management during the third quarter worth approximately $32,000. Advisory Services Network LLC acquired a new position in shares of Regional Management in the third quarter valued at approximately $39,000. Kestra Advisory Services LLC bought a new position in shares of Regional Management during the fourth quarter worth approximately $49,000. Finally, BNP Paribas Financial Markets increased its stake in shares of Regional Management by 45.3% during the third quarter. BNP Paribas Financial Markets now owns 2,077 shares of the credit services provider’s stock worth $81,000 after purchasing an additional 648 shares during the period. 98.89% of the stock is owned by institutional investors.
Regional Management Company Profile
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.
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