Insider Selling: Regional Management (NYSE:RM) SVP Sells 3,000 Shares of Stock

Regional Management Corp. (NYSE:RM) SVP Catherine Atwood sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $35.06, for a total transaction of $105,180.00. Following the sale, the senior vice president owned 40,942 shares in the company, valued at approximately $1,435,426.52. This trade represents a 6.83% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Regional Management Trading Down 3.5%

NYSE RM traded down $1.24 during mid-day trading on Monday, reaching $34.10. 55,937 shares of the stock were exchanged, compared to its average volume of 59,636. Regional Management Corp. has a 1-year low of $26.06 and a 1-year high of $46.00. The business’s fifty day simple moving average is $34.50 and its 200 day simple moving average is $36.65. The stock has a market capitalization of $314.06 million, a PE ratio of 6.92 and a beta of 1.04. The company has a debt-to-equity ratio of 4.30, a quick ratio of 59.88 and a current ratio of 59.88.

Regional Management (NYSE:RM) last announced its earnings results on Wednesday, April 29th. The credit services provider reported $1.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.98 by $0.20. The firm had revenue of $167.29 million for the quarter, compared to analyst estimates of $161.55 million. Regional Management had a net margin of 7.40% and a return on equity of 13.16%.

Regional Management Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Wednesday, May 20th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date is Wednesday, May 20th. Regional Management’s dividend payout ratio (DPR) is 24.34%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on RM shares. Weiss Ratings upgraded shares of Regional Management from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, May 4th. Wall Street Zen lowered shares of Regional Management from a “strong-buy” rating to a “buy” rating in a report on Saturday, February 7th. Two analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company currently has a consensus rating of “Hold”.

Hedge Funds Weigh In On Regional Management

A number of institutional investors have recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC lifted its holdings in Regional Management by 10.2% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 11,810 shares of the credit services provider’s stock worth $385,000 after buying an additional 1,092 shares in the last quarter. R Squared Ltd bought a new stake in shares of Regional Management during the 1st quarter valued at about $212,000. Janney Montgomery Scott LLC boosted its stake in Regional Management by 2.8% during the 1st quarter. Janney Montgomery Scott LLC now owns 17,464 shares of the credit services provider’s stock valued at $563,000 after purchasing an additional 473 shares during the period. Hsbc Holdings PLC acquired a new position in Regional Management during the 4th quarter valued at about $248,000. Finally, Empowered Funds LLC boosted its stake in Regional Management by 10.5% during the 4th quarter. Empowered Funds LLC now owns 55,344 shares of the credit services provider’s stock valued at $2,145,000 after purchasing an additional 5,267 shares during the period. 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.