Catherine Atwood Sells 2,600 Shares of Regional Management (NYSE:RM) Stock

Regional Management Corp. (NYSE:RM) SVP Catherine Atwood sold 2,600 shares of the firm’s stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $35.02, for a total transaction of $91,052.00. Following the completion of the sale, the senior vice president owned 43,942 shares of the company’s stock, valued at $1,538,848.84. This trade represents a 5.59% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Regional Management Price Performance

Shares of RM stock traded down $0.05 during midday trading on Wednesday, reaching $35.04. 105,926 shares of the company traded hands, compared to its average volume of 60,934. The firm’s 50 day simple moving average is $37.93 and its two-hundred day simple moving average is $38.90. The firm has a market cap of $340.25 million, a PE ratio of 7.87 and a beta of 1.06. Regional Management Corp. has a 1-year low of $25.41 and a 1-year high of $46.00.

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, topping the consensus estimate of $1.23 by $0.07. The firm had revenue of ($165.49) million during the quarter, compared to analysts’ expectations of $167.90 million. Regional Management had a return on equity of 12.19% and a net margin of 6.88%. As a group, research analysts anticipate that Regional Management Corp. will post 4.7 earnings per share for the current fiscal year.

Regional Management Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 12th. Shareholders of record on Thursday, February 19th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 3.4%. The ex-dividend date is Thursday, February 19th. Regional Management’s dividend payout ratio (DPR) is 26.97%.

Hedge Funds Weigh In On Regional Management

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Empowered Funds LLC increased its holdings in shares of Regional Management by 10.5% during the 4th quarter. Empowered Funds LLC now owns 55,344 shares of the credit services provider’s stock worth $2,145,000 after buying an additional 5,267 shares during the last quarter. Wellington Management Group LLP increased its stake in Regional Management by 9.9% during the fourth quarter. Wellington Management Group LLP now owns 218,164 shares of the credit services provider’s stock worth $8,454,000 after acquiring an additional 19,600 shares during the last quarter. Bridgeway Capital Management LLC raised its holdings in shares of Regional Management by 4.9% in the 4th quarter. Bridgeway Capital Management LLC now owns 111,844 shares of the credit services provider’s stock worth $4,334,000 after purchasing an additional 5,267 shares during the period. AQR Capital Management LLC lifted its stake in shares of Regional Management by 65.0% in the 4th 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 in the last quarter. Finally, Russell Investments Group Ltd. lifted its stake in shares of Regional Management by 9.9% in the 4th quarter. Russell Investments Group Ltd. now owns 3,876 shares of the credit services provider’s stock valued at $150,000 after purchasing an additional 350 shares in the last quarter. Institutional investors and hedge funds own 98.89% of the company’s stock.

Analyst Upgrades and Downgrades

RM has been the topic of a number of recent research reports. Zacks Research raised Regional Management from a “strong sell” rating to a “hold” rating in a research note on Monday, January 5th. Wall Street Zen downgraded shares of Regional Management from a “strong-buy” rating to a “buy” rating in a research note on Saturday, February 7th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Regional Management in a research note on Monday, December 29th. Three analysts have rated the stock with a Hold rating, According to data from MarketBeat, Regional Management has an average rating of “Hold” and an average price target of $30.00.

Regional Management Company Profile

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.