Regional Management Corp (NYSE:RM) Director Michael R. Dunn sold 917 shares of the business’s stock in a transaction dated Monday, April 17th. The stock was sold at an average price of $20.03, for a total transaction of $18,367.51. Following the transaction, the director now owns 160,092 shares in the company, valued at $3,206,642.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Regional Management Corp (NYSE:RM) traded up 2.49% during midday trading on Thursday, hitting $20.17. 77,265 shares of the stock were exchanged. The stock has a market cap of $233.55 million, a price-to-earnings ratio of 10.14 and a beta of 1.58. Regional Management Corp has a 12-month low of $13.11 and a 12-month high of $27.56. The firm has a 50 day moving average of $19.71 and a 200-day moving average of $22.80.
Regional Management Corp (NYSE:RM) last issued its quarterly earnings results on Tuesday, February 7th. The credit services provider reported $0.56 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.56. The business earned $64 million during the quarter, compared to analyst estimates of $56.70 million. Regional Management Corp had a net margin of 9.99% and a return on equity of 12.61%. On average, equities analysts expect that Regional Management Corp will post $2.02 earnings per share for the current year.
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A number of institutional investors have recently added to or reduced their stakes in RM. Acadian Asset Management LLC increased its position in Regional Management Corp by 223.3% in the third quarter. Acadian Asset Management LLC now owns 49,360 shares of the credit services provider’s stock worth $1,069,000 after buying an additional 34,091 shares in the last quarter. Chicago Equity Partners LLC purchased a new position in shares of Regional Management Corp during the third quarter valued at about $1,326,000. Matarin Capital Management LLC purchased a new position in shares of Regional Management Corp during the third quarter valued at about $1,551,000. Acrospire Investment Management LLC increased its position in shares of Regional Management Corp by 20.3% in the third quarter. Acrospire Investment Management LLC now owns 6,528 shares of the credit services provider’s stock valued at $141,000 after buying an additional 1,100 shares during the period. Finally, Citadel Advisors LLC purchased a new position in shares of Regional Management Corp during the third quarter valued at about $277,000. 88.17% of the stock is owned by hedge funds and other institutional investors.
Several equities analysts have weighed in on the stock. BMO Capital Markets reiterated a “hold” rating and issued a $26.00 target price on shares of Regional Management Corp in a report on Tuesday, April 11th. Zacks Investment Research lowered shares of Regional Management Corp from a “strong-buy” rating to a “hold” rating in a report on Thursday, December 29th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $22.00 target price on shares of Regional Management Corp in a report on Tuesday, April 11th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. Regional Management Corp presently has an average rating of “Hold” and a consensus price target of $24.50.
About Regional Management Corp
Regional Management Corp. is a diversified consumer finance company. The Company provides an array of loan products primarily to customers with limited access to consumer credit from banks, thrifts, credit card companies and other traditional lenders. Its products include small loans, large loans, automobile loans, retail loans, and optional payment and collateral protection insurance products.
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