Regional Management (NYSE:RM) CEO Lakhbir Lamba Purchases 6,500 Shares

Regional Management Corp. (NYSE:RM) CEO Lakhbir Lamba purchased 6,500 shares of the company’s stock in a transaction that occurred on Tuesday, August 11th. The shares were acquired at an average cost of $31.59 per share, for a total transaction of $205,335.00. Following the completion of the transaction, the chief executive officer directly owned 52,234 shares of the company’s stock, valued at $1,650,072.06. This trade represents a 14.21% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link.

Regional Management Stock Up 1.5%

Shares of Regional Management stock opened at $32.65 on Friday. Regional Management Corp. has a 1 year low of $30.46 and a 1 year high of $46.00. The company has a market cap of $301.36 million, a P/E ratio of 6.87 and a beta of 1.02. The company has a current ratio of 64.04, a quick ratio of 64.04 and a debt-to-equity ratio of 4.41. The stock has a 50-day moving average price of $38.55 and a 200 day moving average price of $36.19.

Regional Management (NYSE:RM) last released its earnings results on Wednesday, July 29th. The credit services provider reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.04. The company had revenue of $168.01 million for the quarter, compared to analysts’ expectations of $165.69 million. Regional Management had a return on equity of 12.49% and a net margin of 6.98%.

Regional Management Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 16th. Investors of record on Wednesday, August 19th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $1.20 dividend on an annualized basis and a yield of 3.7%. Regional Management’s payout ratio is presently 25.26%.

Hedge Funds Weigh In On Regional Management

A number of hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. bought a new position in Regional Management during the second quarter valued at approximately $47,514,000. Basswood Capital Management L.L.C. increased its stake in shares of Regional Management by 0.4% during the 2nd quarter. Basswood Capital Management L.L.C. now owns 1,024,310 shares of the credit services provider’s stock worth $29,920,000 after purchasing an additional 4,491 shares during the last quarter. LSV Asset Management increased its stake in shares of Regional Management by 7.7% during the 4th quarter. LSV Asset Management now owns 338,832 shares of the credit services provider’s stock worth $13,130,000 after purchasing an additional 24,232 shares during the last quarter. Tieton Capital Management LLC bought a new position in shares of Regional Management during the 2nd quarter valued at $13,112,000. Finally, Renaissance Technologies LLC raised its holdings in shares of Regional Management by 15.8% during the 4th quarter. Renaissance Technologies LLC now owns 243,137 shares of the credit services provider’s stock valued at $9,422,000 after purchasing an additional 33,200 shares in the last quarter. Institutional investors and hedge funds own 98.89% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on RM. Weiss Ratings downgraded shares of Regional Management from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, August 7th. Citigroup restated a “market outperform” rating on shares of Regional Management in a report on Thursday, July 30th. Citizens Jmp dropped their price target on shares of Regional Management from $45.00 to $43.00 and set a “market outperform” rating on the stock in a research note on Thursday, July 30th. Finally, Wall Street Zen lowered Regional Management from a “buy” rating to a “hold” rating in a report on Sunday, August 9th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, Regional Management presently has an average rating of “Moderate Buy” and a consensus target price of $43.00.

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.