Catherine Atwood Sells 3,000 Shares of Regional Management (NYSE:RM) Stock

Regional Management Corp. (NYSE:RM) SVP Catherine Atwood sold 3,000 shares of the company’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 completion of the sale, the senior vice president directly owned 40,942 shares of the company’s stock, valued at approximately $1,435,426.52. This represents a 6.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Regional Management Price Performance

Shares of NYSE:RM traded down $1.24 during trading on Monday, reaching $34.10. The company had a trading volume of 55,937 shares, compared to its average volume of 59,636. The firm’s fifty day moving average is $34.50 and its 200 day moving average is $36.65. The firm has a market capitalization of $314.06 million, a PE ratio of 6.92 and a beta of 1.04. Regional Management Corp. has a twelve month low of $26.06 and a twelve month high of $46.00. 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 issued its quarterly earnings results on Wednesday, April 29th. The credit services provider reported $1.18 earnings per share for the quarter, topping analysts’ consensus estimates of $0.98 by $0.20. Regional Management had a net margin of 7.40% and a return on equity of 13.16%. The company had revenue of $167.29 million during the quarter, compared to analyst estimates of $161.55 million.

Regional Management Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Wednesday, May 20th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, May 20th. This represents a $1.20 annualized dividend and a yield of 3.5%. Regional Management’s dividend payout ratio is currently 24.34%.

Analyst Ratings Changes

RM has been the subject of several recent research reports. Weiss Ratings raised shares of Regional Management from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, May 4th. Wall Street Zen lowered shares of Regional Management from a “strong-buy” rating to a “buy” rating in a research note on Saturday, February 7th. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company has a consensus rating of “Hold”.

Institutional Investors Weigh In On Regional Management

Several hedge funds have recently made changes to their positions in RM. Hillsdale Investment Management Inc. purchased a new stake in shares of Regional Management in the 3rd quarter valued at approximately $3,707,000. 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 valued at $5,853,000 after acquiring an additional 60,744 shares in the last quarter. Renaissance Technologies LLC lifted its position in shares of Regional Management by 15.8% in the 4th quarter. Renaissance Technologies LLC now owns 243,137 shares of the credit services provider’s stock valued at $9,422,000 after acquiring an additional 33,200 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Regional Management by 21.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 182,666 shares of the credit services provider’s stock valued at $7,078,000 after acquiring an additional 32,075 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its position in shares of Regional Management by 65.3% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 80,425 shares of the credit services provider’s stock valued at $2,349,000 after acquiring an additional 31,761 shares in the last quarter. Hedge funds and other institutional investors 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.