Regional Management (NYSE:RM) Lowered to “C+” at TheStreet

TheStreet cut shares of Regional Management (NYSE:RMGet Rating) from a b- rating to a c+ rating in a report issued on Wednesday morning, TheStreetRatingsTable reports.

Several other equities analysts have also recently issued reports on RM. Keefe, Bruyette & Woods reduced their price objective on Regional Management from $53.00 to $41.00 in a research note on Monday, July 11th. BMO Capital Markets reduced their price objective on Regional Management from $58.00 to $52.00 in a research note on Friday, August 5th.

Regional Management Stock Performance

Shares of RM opened at $29.77 on Wednesday. The business’s fifty day moving average price is $36.88 and its 200 day moving average price is $41.60. Regional Management has a 12-month low of $29.69 and a 12-month high of $67.60. The stock has a market capitalization of $287.88 million, a PE ratio of 3.69 and a beta of 1.42. The company has a debt-to-equity ratio of 3.96, a current ratio of 42.38 and a quick ratio of 42.38.

Regional Management Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Wednesday, August 24th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 4.03%. The ex-dividend date was Tuesday, August 23rd. Regional Management’s payout ratio is 14.89%.

Insider Buying and Selling at Regional Management

In related news, Director Basswood Capital Management, L sold 16,600 shares of Regional Management stock in a transaction dated Monday, August 29th. The shares were sold at an average price of $35.63, for a total transaction of $591,458.00. Following the sale, the director now directly owns 729,320 shares in the company, valued at $25,985,671.60. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, Director Basswood Capital Management, L sold 16,600 shares of Regional Management stock in a transaction dated Monday, August 29th. The shares were sold at an average price of $35.63, for a total transaction of $591,458.00. Following the sale, the director now directly owns 729,320 shares in the company, valued at $25,985,671.60. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Philip V. Bancroft acquired 6,500 shares of the business’s stock in a transaction that occurred on Friday, August 19th. The shares were bought at an average price of $38.75 per share, for a total transaction of $251,875.00. Following the completion of the purchase, the director now owns 29,605 shares of the company’s stock, valued at $1,147,193.75. The disclosure for this purchase can be found here. Over the last three months, insiders have sold 58,052 shares of company stock worth $2,187,208. 8.90% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Amalgamated Bank acquired a new position in Regional Management during the first quarter worth about $51,000. Quantbot Technologies LP grew its holdings in Regional Management by 120.0% during the first quarter. Quantbot Technologies LP now owns 1,100 shares of the credit services provider’s stock worth $53,000 after acquiring an additional 600 shares during the period. BNP Paribas Arbitrage SA grew its holdings in Regional Management by 76.4% during the second quarter. BNP Paribas Arbitrage SA now owns 1,977 shares of the credit services provider’s stock worth $74,000 after acquiring an additional 856 shares during the period. Lazard Asset Management LLC grew its holdings in Regional Management by 122.4% during the second quarter. Lazard Asset Management LLC now owns 2,119 shares of the credit services provider’s stock worth $79,000 after acquiring an additional 1,166 shares during the period. Finally, SG Americas Securities LLC acquired a new position in Regional Management during the second quarter worth about $122,000. 82.76% of the stock is owned by institutional investors and hedge funds.

About Regional Management

(Get Rating)

Regional Management Corp., a diversified consumer finance company, provides various installment loan products primarily to customers with limited access to consumer credit from banks, thrifts, credit card companies, and other lenders in the United States. It offers small and large installment loans; and retail loans to finance the purchase of furniture, appliances, and other retail products.

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