Steven Barnette Sells 3,274 Shares of Regional Management (NYSE:RM) Stock

Regional Management Corp. (NYSE:RM) CAO Steven Barnette sold 3,274 shares of the stock in a transaction that occurred on Friday, July 10th. The stock was sold at an average price of $43.30, for a total value of $141,764.20. Following the completion of the transaction, the chief accounting officer owned 13,472 shares in the company, valued at $583,337.60. This represents a 19.55% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Regional Management Price Performance

NYSE RM opened at $42.17 on Thursday. 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 stock has a market capitalization of $388.40 million, a PE ratio of 8.55 and a beta of 1.01. The company has a 50 day moving average price of $37.73 and a two-hundred day moving average price of $36.36. Regional Management Corp. has a 12-month low of $30.46 and a 12-month high of $46.00.

Regional Management (NYSE:RM) last posted its earnings results on Wednesday, April 29th. The credit services provider reported $1.18 EPS for the quarter, topping the consensus estimate 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 Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Wednesday, May 20th were issued a $0.30 dividend. The ex-dividend date was Wednesday, May 20th. This represents a $1.20 dividend on an annualized basis and a yield of 2.8%. Regional Management’s dividend payout ratio is currently 24.34%.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Weiss Ratings upgraded Regional Management from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, June 26th. Citizens Jmp upgraded Regional Management from a “market perform” rating to an “outperform” rating and set a $45.00 price target for the company in a research note on Thursday, May 21st. Citigroup reissued a “market outperform” rating on shares of Regional Management in a report on Wednesday, June 17th. Finally, Wall Street Zen raised Regional Management from a “buy” rating to a “strong-buy” rating in a research note on Sunday. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $45.00.

Institutional Investors Weigh In On Regional Management

A number of hedge funds have recently bought and sold shares of RM. Empowered Funds LLC grew its position in shares of Regional Management by 9.7% in the first quarter. Empowered Funds LLC now owns 60,709 shares of the credit services provider’s stock valued at $1,958,000 after purchasing an additional 5,365 shares during the last quarter. Quantinno Capital Management LP lifted its position in shares of Regional Management by 93.8% during the 1st quarter. Quantinno Capital Management LP now owns 23,621 shares of the credit services provider’s stock worth $762,000 after purchasing an additional 11,432 shares during the last quarter. Lazard Asset Management LLC bought a new stake in Regional Management during the 1st quarter valued at approximately $1,004,000. Arrowstreet Capital Limited Partnership boosted its stake in Regional Management by 2.5% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 108,439 shares of the credit services provider’s stock valued at $3,497,000 after purchasing an additional 2,618 shares during the period. Finally, Sei Investments Co. grew its holdings in Regional Management by 117.9% in the 1st quarter. Sei Investments Co. now owns 157,151 shares of the credit services provider’s stock valued at $5,068,000 after buying an additional 85,040 shares during the last quarter. 98.89% of the stock is currently owned by institutional investors.

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.