Regional Management (NYSE:RM) CAO Steven Barnette Sells 1,600 Shares

Regional Management Corp. (NYSE:RM) CAO Steven Barnette sold 1,600 shares of the company’s stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $42.04, for a total value of $67,264.00. Following the completion of the transaction, the chief accounting officer owned 16,746 shares in the company, valued at $704,001.84. This represents a 8.72% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Regional Management Stock Performance

RM stock opened at $41.65 on Friday. The company has a debt-to-equity ratio of 4.30, a quick ratio of 59.88 and a current ratio of 59.88. The stock has a market cap of $383.55 million, a P/E ratio of 8.45 and a beta of 1.01. The firm has a 50 day simple moving average of $36.94 and a 200 day simple moving average of $36.21. Regional Management Corp. has a 52 week low of $30.46 and a 52 week high of $46.00.

Regional Management (NYSE:RM) last announced its quarterly earnings data on Wednesday, April 29th. The credit services provider reported $1.18 EPS for the quarter, beating analysts’ consensus estimates of $0.98 by $0.20. The firm had revenue of $167.29 million for the quarter, compared to the consensus estimate of $161.55 million. Regional Management had a net margin of 7.40% and a return on equity of 13.16%.

Regional Management Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Wednesday, May 20th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 2.9%. The ex-dividend date was Wednesday, May 20th. Regional Management’s payout ratio is currently 24.34%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Empowered Funds LLC lifted its stake in shares of Regional Management by 9.7% in the 1st 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 increased its position in Regional Management by 93.8% during the first quarter. Quantinno Capital Management LP now owns 23,621 shares of the credit services provider’s stock worth $762,000 after buying an additional 11,432 shares during the last quarter. Lazard Asset Management LLC bought a new position in Regional Management during the first quarter valued at about $1,004,000. Arrowstreet Capital Limited Partnership raised its holdings in Regional Management by 2.5% during the first quarter. Arrowstreet Capital Limited Partnership now owns 108,439 shares of the credit services provider’s stock valued at $3,497,000 after buying an additional 2,618 shares in the last quarter. Finally, Sei Investments Co. raised its holdings in Regional Management by 117.9% during the first 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 in the last quarter. Institutional investors own 98.89% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports 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. Wall Street Zen upgraded Regional Management from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 20th. Citizens Jmp raised Regional Management from a “market perform” rating to an “outperform” rating and set a $45.00 target price on the stock in a research report on Thursday, May 21st. Finally, Citigroup reaffirmed a “market outperform” rating on shares of Regional Management in a research note on Wednesday, June 17th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $45.00.

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.