Regional Management (NYSE:RM) Director Michael Dunn Sells 4,420 Shares of Stock

Regional Management Corp. (NYSE:RM) Director Michael Dunn sold 4,420 shares of the company’s stock in a transaction on Tuesday, December 2nd. The shares were sold at an average price of $37.44, for a total transaction of $165,484.80. Following the sale, the director directly owned 108,689 shares in the company, valued at $4,069,316.16. This trade represents a 3.91% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Regional Management Stock Performance

Shares of RM stock traded down $0.32 during mid-day trading on Friday, hitting $36.79. The company’s stock had a trading volume of 10,645 shares, compared to its average volume of 46,578. The company has a market cap of $357.18 million, a PE ratio of 8.91 and a beta of 1.09. The company’s fifty day simple moving average is $38.63 and its 200-day simple moving average is $35.80. Regional Management Corp. has a 52 week low of $25.41 and a 52 week high of $46.00.

Regional Management (NYSE:RM) last announced its earnings results on Wednesday, November 5th. The credit services provider reported $1.42 EPS for the quarter, beating the consensus estimate of $1.39 by $0.03. The company had revenue of $165.49 million for the quarter, compared to analyst estimates of $162.84 million. Regional Management had a return on equity of 11.43% and a net margin of 6.57%. On average, equities analysts anticipate that Regional Management Corp. will post 4.7 earnings per share for the current year.

Regional Management Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 16th. Stockholders of record on Tuesday, November 25th will be paid a $0.30 dividend. The ex-dividend date is Tuesday, November 25th. This represents a $1.20 annualized dividend and a dividend yield of 3.3%. Regional Management’s payout ratio is currently 29.06%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Tieton Capital Management LLC boosted its position in shares of Regional Management by 18.6% during the second quarter. Tieton Capital Management LLC now owns 295,081 shares of the credit services provider’s stock valued at $8,619,000 after buying an additional 46,380 shares during the last quarter. Acadian Asset Management LLC lifted its stake in Regional Management by 83.0% during the 1st quarter. Acadian Asset Management LLC now owns 155,885 shares of the credit services provider’s stock valued at $4,691,000 after acquiring an additional 70,721 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Regional Management by 69.2% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 85,220 shares of the credit services provider’s stock valued at $2,566,000 after acquiring an additional 34,861 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in Regional Management by 45.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 194,374 shares of the credit services provider’s stock worth $5,853,000 after acquiring an additional 60,744 shares during the last quarter. Finally, Cubist Systematic Strategies LLC bought a new stake in shares of Regional Management in the 1st quarter worth $271,000. Institutional investors own 98.89% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on RM. Weiss Ratings restated a “hold (c+)” rating on shares of Regional Management in a report on Monday. Zacks Research cut shares of Regional Management from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 6th. Finally, Wall Street Zen downgraded Regional Management from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 22nd. Two research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Reduce” and an average target price of $30.00.

About Regional Management

Regional Management Corp., a diversified consumer finance company, provides various installment loan products primarily to customers with limited access to consumer credit from banks, thrifts, credit card companies, and other lenders in the United States. It offers small and large installment loans; and retail loans to finance the purchase of furniture, appliances, and other retail products.