Regional Management Corp. (NYSE:RM – Get Rating) was the target of a significant increase in short interest during the month of April. As of April 30th, there was short interest totalling 459,600 shares, an increase of 26.2% from the April 15th total of 364,300 shares. Based on an average daily trading volume, of 44,800 shares, the short-interest ratio is currently 10.3 days. Currently, 5.1% of the company’s stock are short sold.
In other news, CEO Robert William Beck sold 5,000 shares of the company’s stock in a transaction dated Tuesday, March 8th. The shares were sold at an average price of $47.74, for a total value of $238,700.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 8.90% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the business. Denali Advisors LLC bought a new position in shares of Regional Management in the 4th quarter valued at $132,000. Allspring Global Investments Holdings LLC acquired a new position in Regional Management during the fourth quarter worth about $1,496,000. Advisor Group Holdings Inc. lifted its holdings in shares of Regional Management by 243.4% in the third quarter. Advisor Group Holdings Inc. now owns 4,032 shares of the credit services provider’s stock worth $231,000 after acquiring an additional 2,858 shares during the last quarter. State Board of Administration of Florida Retirement System acquired a new stake in shares of Regional Management in the 3rd quarter valued at approximately $215,000. Finally, Fuller & Thaler Asset Management Inc. grew its holdings in shares of Regional Management by 0.4% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 61,976 shares of the credit services provider’s stock valued at $3,561,000 after purchasing an additional 275 shares during the last quarter. 89.95% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NYSE:RM opened at $43.20 on Thursday. Regional Management has a 12-month low of $41.65 and a 12-month high of $67.60. The company’s 50 day moving average price is $46.12 and its two-hundred day moving average price is $51.80. The firm has a market cap of $417.74 million, a PE ratio of 4.97 and a beta of 1.33. The company has a quick ratio of 30.17, a current ratio of 30.17 and a debt-to-equity ratio of 3.76.
Regional Management (NYSE:RM – Get Rating) last posted its quarterly earnings data on Wednesday, May 4th. The credit services provider reported $2.67 EPS for the quarter, topping analysts’ consensus estimates of $1.91 by $0.76. Regional Management had a return on equity of 31.62% and a net margin of 19.92%. During the same quarter last year, the firm posted $2.31 EPS. On average, research analysts expect that Regional Management will post 7.25 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 15th. Investors of record on Wednesday, May 25th will be given a dividend of $0.30 per share. The ex-dividend date is Tuesday, May 24th. This represents a $1.20 annualized dividend and a yield of 2.78%. Regional Management’s dividend payout ratio is 13.81%.
Regional Management Company Profile (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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