Regional Management Corp. (RM) To Go Ex-Dividend on November 18th

Regional Management Corp. (NYSE:RM) declared a quarterly dividend on Wednesday, October 28th. Shareholders of record on Wednesday, November 18th will be paid a dividend of $0.30 per share by the credit services provider on Wednesday, December 16th. This represents a $1.20 annualized dividend and a yield of 3.3%. The ex-dividend date is Wednesday, November 18th.

Regional Management has raised its dividend payment by an average of 0.4% annually over the last three years. Regional Management has a dividend payout ratio of 18.3% indicating that its dividend is sufficiently covered by earnings.

Regional Management Stock Up 8.5%

NYSE RM opened at $36.50 on Friday. The business has a fifty day moving average price of $32.79 and a two-hundred day moving average price of $35.35. The stock has a market capitalization of $336.87 million, a PE ratio of 7.39 and a beta of 1.02. Regional Management has a fifty-two week low of $29.89 and a fifty-two week high of $44.29. The company has a debt-to-equity ratio of 4.41, a current ratio of 64.04 and a quick ratio of 64.04.

Regional Management (NYSE:RM) last issued its quarterly earnings results on Wednesday, October 28th. The credit services provider reported $1.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.47 by $0.14. Regional Management had a return on equity of 12.66% and a net margin of 6.96%. The company had revenue of $178.78 million for the quarter, compared to analyst estimates of $174.69 million.

Insider Buying and Selling at Regional Management

In other Regional Management news, major shareholder Fund L.P. Forager sold 10,401 shares of the stock in a transaction dated Thursday, September 17th. The stock was sold at an average price of $32.22, for a total transaction of $335,120.22. Following the completion of the sale, the insider directly owned 919,136 shares in the company, valued at approximately $29,614,561.92. This trade represents a 1.12% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Lakhbir S. Lamba acquired 6,500 shares of the stock in a transaction dated Tuesday, August 11th. The stock was acquired at an average cost of $31.59 per share, with a total value of $205,335.00. Following the completion of the transaction, the chief executive officer owned 52,234 shares in the company, valued at approximately $1,650,072.06. This represents a 14.21% increase in their position. The SEC filing for this purchase provides additional information. In the last 90 days, insiders sold 29,722 shares of company stock worth $958,879. 10.90% of the stock is owned by company insiders.

Institutional Investors Weigh In On Regional Management

A number of hedge funds have recently added to or reduced their stakes in the business. Man Group plc acquired a new position in shares of Regional Management during the second quarter valued at about $2,268,000. Tieton Capital Management LLC purchased a new position in shares of Regional Management during the second quarter valued at approximately $13,112,000. Bank of New York Mellon Corp purchased a new stake in shares of Regional Management in the second quarter valued at about $3,163,000. BlackRock Inc. bought a new position in shares of Regional Management during the 2nd quarter worth approximately $47,514,000. Finally, Globeflex Capital L P bought a new stake in Regional Management during the second quarter worth $1,428,000. 98.89% of the stock is currently owned by institutional investors.

About Regional Management

Regional Management Corp. (NYSE: RM) is a consumer finance company that provides credit products to individuals who may have limited access to traditional bank financing. The company primarily offers small and medium-sized installment loans, including secured and unsecured personal loans, through a network of local branches and digital channels.

Its services may also include optional credit-related products, such as insurance and other ancillary offerings associated with consumer lending.