Regional Management Corp. (NYSE:RM – Get Free Report) SVP Catherine Atwood sold 3,000 shares of the company’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $35.06, for a total transaction of $105,180.00. Following the transaction, the senior vice president owned 40,942 shares in the company, valued at approximately $1,435,426.52. This trade represents a 6.83% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Regional Management Stock Down 0.0%
Shares of NYSE:RM opened at $34.36 on Wednesday. The company has a quick ratio of 59.88, a current ratio of 59.88 and a debt-to-equity ratio of 4.30. The firm has a market cap of $316.35 million, a P/E ratio of 6.97 and a beta of 1.04. Regional Management Corp. has a 12 month low of $26.06 and a 12 month high of $46.00. The company’s 50-day moving average price is $34.62 and its two-hundred day moving average price is $36.53.
Regional Management (NYSE:RM – Get Free Report) last announced its earnings results on Wednesday, April 29th. The credit services provider reported $1.18 earnings per share for the quarter, topping analysts’ consensus estimates of $0.98 by $0.20. Regional Management had a net margin of 7.40% and a return on equity of 13.16%. The company had revenue of $167.29 million during the quarter, compared to the consensus estimate of $161.55 million.
Regional Management Dividend Announcement
Hedge Funds Weigh In On Regional Management
Several large investors have recently bought and sold shares of RM. State of Alaska Department of Revenue bought a new position in Regional Management in the fourth quarter valued at approximately $25,000. Wexford Capital LP bought a new stake in shares of Regional Management during the 3rd quarter valued at $32,000. Advisory Services Network LLC bought a new stake in shares of Regional Management during the 3rd quarter valued at $39,000. CWM LLC lifted its stake in shares of Regional Management by 43.7% in the 3rd quarter. CWM LLC now owns 1,065 shares of the credit services provider’s stock valued at $41,000 after purchasing an additional 324 shares during the period. Finally, Kestra Advisory Services LLC bought a new position in shares of Regional Management in the 4th quarter worth $49,000. 98.89% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several equities research analysts have recently commented on the company. Wall Street Zen cut Regional Management from a “strong-buy” rating to a “buy” rating in a research note on Saturday, February 7th. Weiss Ratings upgraded Regional Management from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, May 4th. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the company has an average rating of “Hold”.
Check Out Our Latest Analysis on Regional Management
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.
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