Insider Buying: Regional Management Corp (NYSE:RM) Insider Acquires 31,749 Shares of Stock

Regional Management Corp (NYSE:RM) insider Basswood Capital Management, L purchased 31,749 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The shares were purchased at an average cost of $27.13 per share, for a total transaction of $861,350.37. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Basswood Capital Management, L also recently made the following trade(s):

  • On Tuesday, May 28th, Basswood Capital Management, L purchased 68,977 shares of Regional Management stock. The shares were purchased at an average cost of $24.03 per share, for a total transaction of $1,657,517.31.

NYSE RM traded up $0.06 during trading hours on Monday, hitting $27.50. The company had a trading volume of 23,500 shares, compared to its average volume of 43,569. Regional Management Corp has a fifty-two week low of $22.90 and a fifty-two week high of $35.37. The company has a current ratio of 48.69, a quick ratio of 48.69 and a debt-to-equity ratio of 2.44. The business has a fifty day moving average of $25.89. The company has a market cap of $315.01 million, a price-to-earnings ratio of 8.68 and a beta of 0.93.

Regional Management (NYSE:RM) last issued its earnings results on Wednesday, July 31st. The credit services provider reported $0.70 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.65 by $0.05. Regional Management had a return on equity of 13.37% and a net margin of 10.59%. The firm had revenue of $84.27 million for the quarter, compared to analyst estimates of $80.50 million. On average, equities research analysts expect that Regional Management Corp will post 3.42 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. BlackRock Inc. grew its stake in shares of Regional Management by 50.3% in the fourth quarter. BlackRock Inc. now owns 945,960 shares of the credit services provider’s stock worth $22,751,000 after purchasing an additional 316,748 shares in the last quarter. Tieton Capital Management LLC grew its stake in shares of Regional Management by 19.8% in the first quarter. Tieton Capital Management LLC now owns 231,026 shares of the credit services provider’s stock worth $5,642,000 after purchasing an additional 38,216 shares in the last quarter. Panagora Asset Management Inc. grew its stake in shares of Regional Management by 51.3% in the second quarter. Panagora Asset Management Inc. now owns 108,440 shares of the credit services provider’s stock worth $2,860,000 after purchasing an additional 36,766 shares in the last quarter. Signia Capital Management LLC grew its stake in shares of Regional Management by 84.5% in the first quarter. Signia Capital Management LLC now owns 75,646 shares of the credit services provider’s stock worth $1,847,000 after purchasing an additional 34,644 shares in the last quarter. Finally, Millennium Management LLC grew its stake in shares of Regional Management by 44.6% in the fourth quarter. Millennium Management LLC now owns 83,297 shares of the credit services provider’s stock worth $2,003,000 after purchasing an additional 25,687 shares in the last quarter. 87.02% of the stock is currently owned by hedge funds and other institutional investors.

Several equities research analysts recently issued reports on the company. ValuEngine raised Regional Management from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 1st. Janney Montgomery Scott raised Regional Management from a “neutral” rating to a “buy” rating in a research report on Thursday, May 9th. Finally, Zacks Investment Research raised Regional Management from a “hold” rating to a “buy” rating and set a $29.00 price target on the stock in a research report on Wednesday, July 10th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company. Regional Management presently has a consensus rating of “Hold” and an average price target of $31.80.

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 traditional lenders. The company offers small and large installment loans; loans to finance the purchase of furniture, appliances, and other retail products; insurance products, including credit life, credit accident and health, credit property, vehicle single interest, and credit involuntary unemployment insurance; collateral protection insurance; and property insurance, as well as reinsurance products.

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Insider Buying and Selling by Quarter for Regional Management (NYSE:RM)

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