Insider Selling: Regional Management (NYSE:RM) EVP Sells 3,000 Shares of Stock

Regional Management Corp. (NYSE:RM) EVP Brian Fisher sold 3,000 shares of the company’s stock in a transaction dated Tuesday, April 14th. The stock was sold at an average price of $38.07, for a total value of $114,210.00. Following the completion of the transaction, the executive vice president directly owned 33,202 shares of the company’s stock, valued at approximately $1,264,000.14. This trade represents a 8.29% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Regional Management Price Performance

Regional Management stock traded up $0.29 during midday trading on Thursday, reaching $38.51. 58,991 shares of the stock traded hands, compared to its average volume of 59,522. The stock’s fifty day moving average is $33.44 and its 200-day moving average is $36.76. Regional Management Corp. has a 12 month low of $26.06 and a 12 month high of $46.00. The stock has a market cap of $359.26 million, a P/E ratio of 8.65 and a beta of 1.03. The company has a quick ratio of 49.92, a current ratio of 49.92 and a debt-to-equity ratio of 4.40.

Regional Management (NYSE:RM) last announced its quarterly earnings results on Wednesday, February 4th. The credit services provider reported $1.30 EPS for the quarter, beating analysts’ consensus estimates of $1.23 by $0.07. Regional Management had a return on equity of 12.12% and a net margin of 6.88%.The company had revenue of ($165.49) million during the quarter, compared to analyst estimates of $167.90 million. As a group, equities research analysts anticipate that Regional Management Corp. will post 4.7 EPS for the current year.

Regional Management Announces Dividend

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

Analyst Ratings Changes

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

Institutional Trading of Regional Management

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. CWM LLC boosted its position in Regional Management by 43.7% during the 3rd 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 in the last quarter. Russell Investments Group Ltd. boosted its position in Regional Management by 9.9% during the 4th quarter. Russell Investments Group Ltd. now owns 3,876 shares of the credit services provider’s stock valued at $150,000 after acquiring an additional 350 shares in the last quarter. Royal Bank of Canada boosted its position in Regional Management by 2.4% during the 1st quarter. Royal Bank of Canada now owns 16,200 shares of the credit services provider’s stock valued at $487,000 after acquiring an additional 375 shares in the last quarter. JPMorgan Chase & Co. boosted its position in Regional Management by 9.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 4,824 shares of the credit services provider’s stock valued at $141,000 after acquiring an additional 425 shares in the last quarter. Finally, First Trust Advisors LP boosted its position in Regional Management by 1.6% during the 4th quarter. First Trust Advisors LP now owns 28,006 shares of the credit services provider’s stock valued at $1,085,000 after acquiring an additional 436 shares in the last quarter. Institutional investors own 98.89% of the company’s stock.

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.