Regional Management (NYSE:RM) CAO Steven Barnette Sells 1,600 Shares of Stock

Regional Management Corp. (NYSE:RM) CAO Steven Barnette sold 1,600 shares of the firm’s stock in a transaction dated Friday, April 17th. The shares were sold at an average price of $40.00, for a total transaction of $64,000.00. Following the completion of the sale, the chief accounting officer owned 18,346 shares in the company, valued at $733,840. This represents a 8.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Regional Management Stock Down 0.6%

NYSE:RM opened at $39.77 on Tuesday. Regional Management Corp. has a fifty-two week low of $26.06 and a fifty-two week high of $46.00. The company’s 50-day simple moving average is $33.72 and its 200-day simple moving average is $36.74. The company has a debt-to-equity ratio of 4.40, a quick ratio of 49.92 and a current ratio of 49.92. The stock has a market capitalization of $371.04 million, a P/E ratio of 8.94 and a beta of 1.03.

Regional Management (NYSE:RM) last issued its quarterly earnings data on Wednesday, February 4th. The credit services provider reported $1.30 EPS for the quarter, beating the consensus estimate of $1.23 by $0.07. Regional Management had a return on equity of 12.12% and a net margin of 6.88%.The firm had revenue of ($165.49) million during the quarter, compared to analyst estimates of $167.90 million.

Regional Management Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 12th. Stockholders of record on Thursday, February 19th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 3.0%. The ex-dividend date was Thursday, February 19th. Regional Management’s dividend payout ratio is currently 26.97%.

Institutional Investors Weigh In On Regional Management

A number of large investors have recently made changes to their positions in the stock. Hsbc Holdings PLC purchased a new stake in shares of Regional Management during the fourth quarter valued at $248,000. Empowered Funds LLC grew its holdings in shares of Regional Management by 10.5% during the fourth quarter. Empowered Funds LLC now owns 55,344 shares of the credit services provider’s stock valued at $2,145,000 after buying an additional 5,267 shares during the last quarter. Wellington Management Group LLP grew its holdings in shares of Regional Management by 9.9% during the fourth quarter. Wellington Management Group LLP now owns 218,164 shares of the credit services provider’s stock valued at $8,454,000 after buying an additional 19,600 shares during the last quarter. Bridgeway Capital Management LLC grew its holdings in shares of Regional Management by 4.9% during the fourth quarter. Bridgeway Capital Management LLC now owns 111,844 shares of the credit services provider’s stock valued at $4,334,000 after buying an additional 5,267 shares during the last quarter. Finally, AQR Capital Management LLC lifted its holdings in shares of Regional Management by 65.0% during the fourth quarter. AQR Capital Management LLC now owns 40,324 shares of the credit services provider’s stock worth $1,563,000 after purchasing an additional 15,878 shares during the period. 98.89% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

RM has been the topic of several recent analyst reports. Wall Street Zen downgraded shares of Regional Management from a “strong-buy” rating to a “buy” rating in a report on Saturday, February 7th. Zacks Research upgraded shares of Regional Management from a “strong sell” rating to a “hold” rating in a report on Monday, January 5th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Regional Management in a report on Monday, December 29th. Three analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $30.00.

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.