Insider Selling: Regional Management (NYSE:RM) SVP Sells $14,016.00 in Stock

Regional Management Corp. (NYSE:RM) SVP Catherine Atwood sold 400 shares of the stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $35.04, for a total transaction of $14,016.00. Following the completion of the transaction, the senior vice president directly owned 46,542 shares of the company’s stock, valued at $1,630,831.68. The trade was a 0.85% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Regional Management Trading Down 0.8%

Shares of Regional Management stock opened at $34.50 on Friday. The firm’s 50 day simple moving average is $37.65 and its two-hundred day simple moving average is $38.85. The firm has a market capitalization of $334.99 million, a price-to-earnings ratio of 7.75 and a beta of 1.06. Regional Management Corp. has a 12-month low of $25.41 and a 12-month high of $46.00.

Regional Management (NYSE:RM) last announced its quarterly earnings data on Wednesday, February 4th. The credit services provider reported $1.30 earnings per share for the quarter, beating analysts’ consensus estimates of $1.23 by $0.07. The firm had revenue of ($165.49) million for the quarter, compared to analyst estimates of $167.90 million. Regional Management had a net margin of 6.88% and a return on equity of 12.19%. On average, sell-side analysts predict that Regional Management Corp. will post 4.7 EPS for the current fiscal year.

Regional Management Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 12th. Stockholders of record on Thursday, February 19th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 3.5%. The ex-dividend date is Thursday, February 19th. Regional Management’s dividend payout ratio (DPR) is presently 26.97%.

Institutional Investors Weigh In On Regional Management

Several hedge funds have recently bought and sold shares of RM. Tieton Capital Management LLC lifted its stake in shares of Regional Management by 18.6% in the 2nd quarter. Tieton Capital Management LLC now owns 295,081 shares of the credit services provider’s stock valued at $8,619,000 after purchasing an additional 46,380 shares during the period. Acadian Asset Management LLC grew its position in Regional Management by 5.2% during the second quarter. Acadian Asset Management LLC now owns 163,990 shares of the credit services provider’s stock valued at $4,788,000 after buying an additional 8,105 shares during the period. Forager Capital Management LLC increased its holdings in Regional Management by 20.7% in the second quarter. Forager Capital Management LLC now owns 1,085,098 shares of the credit services provider’s stock valued at $31,696,000 after buying an additional 186,072 shares in the last quarter. Brandywine Global Investment Management LLC acquired a new position in shares of Regional Management in the second quarter worth about $388,000. Finally, American Century Companies Inc. raised its position in shares of Regional Management by 15.1% in the second quarter. American Century Companies Inc. now owns 187,837 shares of the credit services provider’s stock worth $5,487,000 after acquiring an additional 24,618 shares during the period. Hedge funds and other institutional investors own 98.89% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on RM. Zacks Research upgraded shares of Regional Management from a “strong sell” rating to a “hold” rating in a report on Monday, January 5th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Regional Management in a report on Monday, December 29th. Finally, Wall Street Zen cut shares of Regional Management from a “strong-buy” rating to a “buy” rating in a report on Saturday, February 7th. Three research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, 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.