Regional Management Corp. (NYSE:RM) CEO Sells $477,230.00 in Stock

Regional Management Corp. (NYSE:RM) CEO Robert William Beck sold 13,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $36.71, for a total value of $477,230.00. Following the completion of the transaction, the chief executive officer now directly owns 101,673 shares of the company’s stock, valued at $3,732,415.83. This trade represents a 11.34 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Robert William Beck also recently made the following trade(s):

• On Wednesday, December 4th, Robert William Beck sold 7,104 shares of Regional Management stock. The stock was sold at an average price of $32.55, for a total value of $231,235.20.

Regional Management Stock Performance

Shares of NYSE:RM traded down $0.61 during midday trading on Thursday, hitting $36.33. The stock had a trading volume of 75,470 shares, compared to its average volume of 55,549. The company has a market capitalization of $369.10 million, a PE ratio of 15.26 and a beta of 1.49. Regional Management Corp. has a 1 year low of $20.50 and a 1 year high of $37.52. The stock has a 50 day moving average price of $34.05 and a two-hundred day moving average price of $32.12. The company has a current ratio of 44.42, a quick ratio of 44.42 and a debt-to-equity ratio of 3.94.

Regional Management (NYSE:RM) last released its quarterly earnings data on Wednesday, February 5th. The credit services provider reported $0.98 EPS for the quarter, topping analysts’ consensus estimates of $0.88 by $0.10. Regional Management had a net margin of 4.13% and a return on equity of 11.98%. As a group, equities analysts predict that Regional Management Corp. will post 4.48 earnings per share for the current fiscal year.

Regional Management Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, February 20th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 3.30%. The ex-dividend date of this dividend is Thursday, February 20th. Regional Management’s payout ratio is 50.42%.

Analysts Set New Price Targets

Separately, Stephens assumed coverage on Regional Management in a research note on Wednesday, November 13th. They issued an “overweight” rating and a $38.00 price objective for the company.

Institutional Investors Weigh In On Regional Management

Hedge funds and other institutional investors have recently made changes to their positions in the business. Marshall Wace LLP purchased a new stake in Regional Management during the 2nd quarter worth $366,000. SG Americas Securities LLC purchased a new position in Regional Management in the third quarter valued at about $105,000. Allspring Global Investments Holdings LLC grew its stake in Regional Management by 50.8% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 7,416 shares of the credit services provider’s stock valued at $243,000 after purchasing an additional 2,497 shares in the last quarter. Summit Global Investments acquired a new position in shares of Regional Management in the 3rd quarter valued at approximately $209,000. Finally, GSA Capital Partners LLP bought a new position in Regional Management during the 3rd quarter valued at $338,000. Hedge funds and other institutional investors own 98.89% of the company’s stock.

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.