Steven Barnette Sells 1,600 Shares of Regional Management (NYSE:RM) Stock

Regional Management Corp. (NYSE:RM) CAO Steven Barnette sold 1,600 shares of the company’s stock in a transaction on Friday, April 17th. The shares were sold at an average price of $40.00, for a total value of $64,000.00. Following the completion of the sale, the chief accounting officer owned 18,346 shares in the company, valued at $733,840. This represents a 8.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Regional Management Stock Down 3.9%

Shares of NYSE:RM opened at $38.23 on Wednesday. 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 Corp. has a 52-week low of $26.06 and a 52-week high of $46.00. The stock’s fifty day simple moving average is $33.79 and its 200-day simple moving average is $36.74. The company has a market capitalization of $356.64 million, a P/E ratio of 8.59 and a beta of 1.03.

Regional Management (NYSE:RM) last issued its quarterly earnings data on Wednesday, February 4th. The credit services provider reported $1.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.23 by $0.07. Regional Management had a return on equity of 12.12% and a net margin of 6.88%.The business had revenue of ($165.49) million for the quarter, compared to the consensus estimate of $167.90 million.

Regional Management Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 12th. Stockholders of record on Thursday, February 19th were given 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 currently 26.97%.

Institutional Investors Weigh In On Regional Management

A number of institutional investors have recently bought and sold shares of the stock. Hsbc Holdings PLC purchased a new stake in Regional Management in the fourth quarter valued at approximately $248,000. Empowered Funds LLC grew its holdings in Regional Management by 10.5% in the fourth quarter. Empowered Funds LLC now owns 55,344 shares of the credit services provider’s stock valued at $2,145,000 after purchasing an additional 5,267 shares during the period. Wellington Management Group LLP grew its holdings in Regional Management by 9.9% in the fourth quarter. Wellington Management Group LLP now owns 218,164 shares of the credit services provider’s stock valued at $8,454,000 after purchasing an additional 19,600 shares during the period. Bridgeway Capital Management LLC grew its holdings in Regional Management by 4.9% in the fourth quarter. Bridgeway Capital Management LLC now owns 111,844 shares of the credit services provider’s stock valued at $4,334,000 after purchasing an additional 5,267 shares during the period. Finally, AQR Capital Management LLC grew its holdings in Regional Management by 65.0% in the fourth quarter. AQR Capital Management LLC now owns 40,324 shares of the credit services provider’s stock valued at $1,563,000 after purchasing an additional 15,878 shares during the period. 98.89% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently issued reports on RM. Weiss Ratings restated a “hold (c+)” rating on shares of Regional Management in a research report on Monday, December 29th. Wall Street Zen lowered Regional Management from a “strong-buy” rating to a “buy” rating in a research note on Saturday, February 7th. Finally, Zacks Research upgraded Regional Management from a “strong sell” rating to a “hold” rating in a report on Monday, January 5th. Three investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, Regional Management 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.