Regional Management (NYSE:RM) Stock Rating Upgraded by StockNews.com

Regional Management (NYSE:RM) was upgraded by StockNews.com from a “buy” rating to a “strong-buy” rating in a research note issued on Saturday.

Regional Management Trading Down 0.0 %

NYSE RM opened at $33.54 on Friday. The stock has a market cap of $336.61 million, a P/E ratio of 8.06 and a beta of 1.27. Regional Management has a fifty-two week low of $25.00 and a fifty-two week high of $37.52. The stock has a 50 day simple moving average of $31.23 and a two-hundred day simple moving average of $32.24. The company has a debt-to-equity ratio of 3.94, a quick ratio of 44.42 and a current ratio of 44.42.

Regional Management (NYSE:RM) last announced its earnings results on Wednesday, February 5th. The credit services provider reported $0.98 EPS for the quarter, beating analysts’ consensus estimates of $0.88 by $0.10. Regional Management had a return on equity of 13.20% and a net margin of 7.01%. On average, analysts forecast that Regional Management will post 4.7 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Robert William Beck sold 13,000 shares of the company’s stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $36.71, for a total value of $477,230.00. Following the sale, the chief executive officer now directly owns 101,673 shares of the company’s stock, valued at $3,732,415.83. This represents a 11.34 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 10.50% of the stock is owned by insiders.

Institutional Trading of Regional Management

A number of hedge funds have recently modified their holdings of the business. Tower Research Capital LLC TRC lifted its position in Regional Management by 49.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,019 shares of the credit services provider’s stock valued at $35,000 after acquiring an additional 339 shares during the period. BNP Paribas Financial Markets increased its stake in shares of Regional Management by 16.2% during the fourth quarter. BNP Paribas Financial Markets now owns 2,162 shares of the credit services provider’s stock valued at $73,000 after purchasing an additional 301 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Regional Management by 15.6% during the third quarter. JPMorgan Chase & Co. now owns 4,233 shares of the credit services provider’s stock valued at $138,000 after purchasing an additional 572 shares during the last quarter. SG Americas Securities LLC boosted its position in shares of Regional Management by 38.0% in the 4th quarter. SG Americas Securities LLC now owns 4,425 shares of the credit services provider’s stock worth $150,000 after purchasing an additional 1,218 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Regional Management by 8.9% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,792 shares of the credit services provider’s stock worth $163,000 after buying an additional 390 shares during the last quarter. Institutional investors own 98.89% of the company’s stock.

Regional Management Company Profile

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.