Insider Selling: Regional Management (NYSE:RM) EVP Sells 5,457 Shares of Stock

Regional Management Corp. (NYSE:RM) EVP Brian Fisher sold 5,457 shares of the firm’s stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $38.09, for a total transaction of $207,857.13. Following the completion of the transaction, the executive vice president directly owned 27,745 shares in the company, valued at $1,056,807.05. This represents a 16.44% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Regional Management Stock Performance

NYSE RM traded up $0.29 during trading hours on Thursday, reaching $38.51. The company’s stock had a trading volume of 58,991 shares, compared to its average volume of 59,522. The company has a current ratio of 49.92, a quick ratio of 49.92 and a debt-to-equity ratio of 4.40. The business has a 50-day simple moving average of $33.44 and a 200 day simple moving average of $36.76. Regional Management Corp. has a 52 week low of $26.06 and a 52 week high of $46.00. The stock has a market cap of $359.26 million, a PE ratio of 8.65 and a beta of 1.03.

Regional Management (NYSE:RM) last issued its 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 firm had revenue of ($165.49) million for the quarter, compared to analysts’ expectations of $167.90 million. Equities research analysts predict that Regional Management Corp. will post 4.7 earnings per share for the current fiscal year.

Regional Management Announces Dividend

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

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in RM. State of Alaska Department of Revenue acquired a new position in shares of Regional Management during the fourth quarter valued at approximately $25,000. Wexford Capital LP acquired a new position in shares of Regional Management during the third quarter valued at approximately $32,000. Advisory Services Network LLC acquired a new position in shares of Regional Management during the third quarter valued at approximately $39,000. CWM LLC increased its stake in shares of Regional Management by 43.7% during the third quarter. CWM LLC now owns 1,065 shares of the credit services provider’s stock valued at $41,000 after acquiring an additional 324 shares during the period. Finally, Kestra Advisory Services LLC acquired a new position in shares of Regional Management during the fourth quarter valued at approximately $49,000. Institutional investors and hedge funds own 98.89% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Weiss Ratings restated a “hold (c+)” rating on shares of Regional Management in a research note on Monday, December 29th. Zacks Research upgraded shares of Regional Management from a “strong sell” rating to a “hold” rating in a research note on Monday, January 5th. Finally, Wall Street Zen lowered shares of Regional Management from a “strong-buy” rating to a “buy” rating in a research note on Saturday, February 7th. Three analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $30.00.

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.