Regional Management (NYSE:RM) Stock Price Passes Above 200 Day Moving Average – Time to Sell?

Regional Management Corp. (NYSE:RM) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $36.44 and traded as high as $42.77. Regional Management shares last traded at $42.4660, with a volume of 64,990 shares changing hands.

Analyst Ratings Changes

Several analysts have issued reports on the company. Citigroup reaffirmed a “market outperform” rating on shares of Regional Management in a research note on Wednesday, June 17th. Weiss Ratings raised shares of Regional Management from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, June 26th. Wall Street Zen upgraded shares of Regional Management from a “buy” rating to a “strong-buy” rating in a report on Sunday, July 12th. Finally, Citizens Jmp raised shares of Regional Management from a “market perform” rating to an “outperform” rating and set a $45.00 price objective for the company in a research note on Thursday, May 21st. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $45.00.

Regional Management Trading Down 3.1%

The company has a debt-to-equity ratio of 4.30, a current ratio of 59.88 and a quick ratio of 59.88. The firm’s 50 day moving average is $38.50 and its 200 day moving average is $36.47. The company has a market capitalization of $379.65 million, a PE ratio of 8.36 and a beta of 1.01.

Regional Management (NYSE:RM) last posted its quarterly earnings results on Wednesday, April 29th. The credit services provider reported $1.18 EPS for the quarter, beating analysts’ consensus estimates of $0.98 by $0.20. The company had revenue of $167.29 million during 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 Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Wednesday, May 20th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend was Wednesday, May 20th. Regional Management’s dividend payout ratio is 24.34%.

Insider Activity

In related news, SVP Catherine R. Atwood sold 3,000 shares of the business’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $35.06, for a total transaction of $105,180.00. Following the transaction, the senior vice president owned 40,942 shares in the company, valued at $1,435,426.52. The trade was a 6.83% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Sandra K. Johnson sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $36.00, for a total value of $36,000.00. Following the transaction, the director directly owned 21,933 shares of the company’s stock, valued at $789,588. The trade was a 4.36% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 13,891 shares of company stock valued at $545,653. Company insiders own 10.90% of the company’s stock.

Hedge Funds Weigh In On Regional Management

Hedge funds have recently made changes to their positions in the business. Sei Investments Co. increased its position in Regional Management by 117.9% during the 1st quarter. Sei Investments Co. now owns 157,151 shares of the credit services provider’s stock valued at $5,068,000 after purchasing an additional 85,040 shares during the period. Goldman Sachs Group Inc. lifted its position in shares of Regional Management by 45.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 194,374 shares of the credit services provider’s stock worth $5,853,000 after purchasing an additional 60,744 shares during the period. Renaissance Technologies LLC boosted its stake in shares of Regional Management by 15.8% during the 4th quarter. Renaissance Technologies LLC now owns 243,137 shares of the credit services provider’s stock valued at $9,422,000 after purchasing an additional 33,200 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Regional Management by 21.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 182,666 shares of the credit services provider’s stock valued at $7,078,000 after buying an additional 32,075 shares during the period. Finally, Arrowstreet Capital Limited Partnership increased its position in shares of Regional Management by 65.3% during the second quarter. Arrowstreet Capital Limited Partnership now owns 80,425 shares of the credit services provider’s stock valued at $2,349,000 after buying an additional 31,761 shares during the period. 98.89% of the stock is owned by hedge funds and other institutional investors.

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.