Regional Management (NYSE:RM) Shares Cross Above Two Hundred Day Moving Average – Should You Sell?

Regional Management Corp. (NYSE:RM)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $38.70 and traded as high as $41.06. Regional Management shares last traded at $40.50, with a volume of 59,733 shares trading hands.

Analyst Ratings Changes

Several brokerages recently issued reports on RM. Wall Street Zen upgraded Regional Management from a “buy” rating to a “strong-buy” rating in a research report on Saturday, January 3rd. Weiss Ratings restated a “hold (c+)” rating on shares of Regional Management in a research note on Monday, December 29th. Finally, Zacks Research raised Regional Management from a “strong sell” rating to a “hold” rating in a report on Monday, January 5th. Three investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $30.00.

Regional Management Trading Up 4.9%

The business has a 50 day moving average price of $38.41 and a 200-day moving average price of $38.70. The firm has a market capitalization of $393.26 million, a PE ratio of 9.81 and a beta of 1.06.

Regional Management (NYSE:RM) last posted its quarterly earnings results on Friday, January 30th. The credit services provider reported $1.19 earnings per share for the quarter, missing analysts’ consensus estimates of $1.23 by ($0.04). The business had revenue of ($165.49) million during the quarter, compared to analysts’ expectations of $167.90 million. Regional Management had a net margin of 6.57% and a return on equity of 11.43%. On average, equities research analysts forecast that Regional Management Corp. will post 4.7 earnings per share for the current year.

Insider Transactions at Regional Management

In other news, Director Michael R. Dunn sold 5,580 shares of the stock in a transaction dated Wednesday, December 3rd. The shares were sold at an average price of $37.46, for a total value of $209,026.80. Following the completion of the transaction, the director owned 103,109 shares in the company, valued at $3,862,463.14. This trade represents a 5.13% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Fund L.P. Forager sold 21,561 shares of the business’s stock in a transaction dated Friday, January 9th. The stock was sold at an average price of $38.96, for a total transaction of $840,016.56. Following the sale, the insider directly owned 1,020,572 shares in the company, valued at approximately $39,761,485.12. This represents a 2.07% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 77,475 shares of company stock valued at $3,006,040 in the last ninety days. 10.80% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Regional Management

A number of institutional investors and hedge funds have recently modified their holdings of RM. Ameritas Investment Partners Inc. raised its position in shares of Regional Management by 41.1% in the second quarter. Ameritas Investment Partners Inc. now owns 947 shares of the credit services provider’s stock valued at $28,000 after buying an additional 276 shares during the last quarter. CWM LLC grew its stake in shares of Regional Management by 43.7% during the 3rd quarter. CWM LLC now owns 1,065 shares of the credit services provider’s stock valued at $41,000 after buying an additional 324 shares during the period. Royal Bank of Canada raised its position in shares of Regional Management by 2.4% in 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. JPMorgan Chase & Co. boosted its holdings in Regional Management by 9.7% in the second quarter. JPMorgan Chase & Co. now owns 4,824 shares of the credit services provider’s stock valued at $141,000 after acquiring an additional 425 shares during the last quarter. Finally, Rhumbline Advisers boosted its holdings in Regional Management by 3.6% in the third quarter. Rhumbline Advisers now owns 13,455 shares of the credit services provider’s stock valued at $524,000 after acquiring an additional 467 shares during the last quarter. Institutional investors and hedge funds own 98.89% of the company’s stock.

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.