Insider Selling: Regional Management (NYSE:RM) SVP Sells 400 Shares of Stock

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

Regional Management Stock Performance

Shares of NYSE RM traded down $0.05 during midday trading on Wednesday, reaching $35.04. 105,926 shares of the company traded hands, compared to its average volume of 60,934. Regional Management Corp. has a 12 month low of $25.41 and a 12 month high of $46.00. The stock’s 50-day simple moving average is $37.93 and its 200-day simple moving average is $38.90. The firm has a market cap of $340.25 million, a PE ratio of 7.87 and a beta of 1.06.

Regional Management (NYSE:RM) last posted its earnings results on Wednesday, February 4th. The credit services provider reported $1.30 earnings per share for the quarter, topping the consensus estimate of $1.23 by $0.07. Regional Management had a net margin of 6.88% and a return on equity of 12.19%. The business had revenue of ($165.49) million for the quarter, compared to analyst estimates of $167.90 million. On average, equities research analysts expect that Regional Management Corp. will post 4.7 EPS for the current year.

Regional Management Dividend Announcement

The company also recently announced 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. The ex-dividend date is Thursday, February 19th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.4%. Regional Management’s payout ratio is 26.97%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on RM shares. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Regional Management in a report on Monday, December 29th. Wall Street Zen lowered Regional Management from a “strong-buy” rating to a “buy” rating in a research note on Saturday, February 7th. Finally, Zacks Research raised Regional Management from a “strong sell” rating to a “hold” rating in a report on Monday, January 5th. Three equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $30.00.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in RM. Royal Bank of Canada grew its position in shares of Regional Management by 2.4% during the 1st quarter. Royal Bank of Canada now owns 16,200 shares of the credit services provider’s stock worth $487,000 after buying an additional 375 shares during the period. AQR Capital Management LLC bought a new position in Regional Management in the first quarter valued at approximately $201,000. Goldman Sachs Group Inc. boosted its stake in Regional Management by 45.5% in the first quarter. Goldman Sachs Group Inc. now owns 194,374 shares of the credit services provider’s stock valued at $5,853,000 after acquiring an additional 60,744 shares during the last quarter. Empowered Funds LLC grew its holdings in Regional Management by 7.2% during the 1st quarter. Empowered Funds LLC now owns 46,851 shares of the credit services provider’s stock worth $1,411,000 after acquiring an additional 3,160 shares during the period. Finally, Jane Street Group LLC bought a new stake in shares of Regional Management during the 1st quarter valued at $282,000. 98.89% of the stock is currently owned by institutional investors and hedge funds.

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.