Regional Management (NYSE:RM) Shares Pass Above Two Hundred Day Moving Average – Here’s Why
by Sarita Garza · The Markets DailyRegional Management Corp. (NYSE:RM – Get Free Report) shares crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $36.47 and traded as high as $40.34. Regional Management shares last traded at $39.5460, with a volume of 52,484 shares.
Wall Street Analysts Forecast Growth
A number of equities analysts recently commented on RM shares. Zacks Research cut Regional Management from a “hold” rating to a “strong sell” rating in a report on Thursday, November 6th. Wall Street Zen cut shares of Regional Management from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 22nd. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Regional Management in a research note on Monday. Two equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Regional Management presently has an average rating of “Reduce” and an average price target of $30.00.
View Our Latest Analysis on Regional Management
Regional Management Trading Down 0.4%
The company has a market cap of $378.14 million, a PE ratio of 9.43 and a beta of 1.09. The company has a fifty day simple moving average of $38.48 and a two-hundred day simple moving average of $36.58.
Regional Management (NYSE:RM – Get Free Report) last announced its quarterly earnings data on Wednesday, November 5th. The credit services provider reported $1.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.39 by $0.03. Regional Management had a return on equity of 11.43% and a net margin of 6.57%.The business had revenue of $165.49 million during the quarter, compared to analysts’ expectations of $162.84 million. On average, research analysts anticipate that Regional Management Corp. will post 4.7 EPS for the current fiscal year.
Regional Management Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Tuesday, December 16th. Shareholders of record on Tuesday, November 25th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 3.1%. The ex-dividend date was Tuesday, November 25th. Regional Management’s payout ratio is 29.06%.
Insider Buying and Selling
In other news, Director Michael R. Dunn sold 5,580 shares of the firm’s stock in a transaction on Wednesday, December 3rd. The shares were sold at an average price of $37.46, for a total value of $209,026.80. Following the sale, the director directly owned 103,109 shares in the company, valued at approximately $3,862,463.14. This trade represents a 5.13% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Steven B. Barnette sold 1,640 shares of Regional Management stock in a transaction on Monday, November 24th. The stock was sold at an average price of $37.00, for a total transaction of $60,680.00. Following the sale, the chief accounting officer directly owned 21,338 shares of the company’s stock, valued at approximately $789,506. This trade represents a 7.14% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 11,640 shares of company stock worth $435,192. Insiders own 10.80% of the company’s stock.
Institutional Investors Weigh In On Regional Management
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Ameritas Investment Partners Inc. boosted its stake in 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 acquiring an additional 276 shares in the last quarter. US Bancorp DE acquired a new stake in shares of Regional Management during the first quarter worth about $31,000. Wexford Capital LP purchased a new stake in shares of Regional Management in the 3rd quarter valued at about $32,000. Advisory Services Network LLC acquired a new stake in shares of Regional Management in the 3rd quarter valued at about $39,000. Finally, CWM LLC boosted its position in shares of Regional Management by 43.7% in the 3rd quarter. CWM LLC now owns 1,065 shares of the credit services provider’s stock valued at $41,000 after purchasing an additional 324 shares during the period. 98.89% of the stock is currently owned by institutional investors and hedge funds.
About Regional Management
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.
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