Regional Management (NYSE:RM) Stock Price Crosses Above 200-Day Moving Average – Here’s What Happened

Regional Management Corp. (NYSE:RM) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $32.57 and traded as high as $34.58. Regional Management shares last traded at $32.96, with a volume of 32,811 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Stephens started coverage on shares of Regional Management in a research report on Wednesday, November 13th. They issued an “overweight” rating and a $38.00 price target on the stock.

Regional Management Stock Performance

The company has a debt-to-equity ratio of 3.94, a current ratio of 44.42 and a quick ratio of 44.42. The firm has a market capitalization of $334.92 million, a price-to-earnings ratio of 7.92 and a beta of 1.49. The firm’s fifty day moving average is $34.75 and its 200 day moving average is $32.57.

Regional Management (NYSE:RM) last issued its quarterly earnings data on Wednesday, February 5th. The credit services provider reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.10. Regional Management had a net margin of 7.01% and a return on equity of 13.20%. On average, analysts predict that Regional Management Corp. will post 4.7 EPS for the current fiscal year.

Regional Management Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, February 20th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 3.64%. The ex-dividend date of this dividend is Thursday, February 20th. Regional Management’s dividend payout ratio (DPR) is currently 28.85%.

Insider Buying and Selling

In other news, major shareholder Fund L.P. Forager sold 21,805 shares of the business’s stock in a transaction on Monday, January 13th. The shares were sold at an average price of $32.17, for a total value of $701,466.85. Following the sale, the insider now owns 1,021,216 shares in the company, valued at approximately $32,852,518.72. The trade was a 2.09 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Robert William Beck sold 13,000 shares of the business’s stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $36.71, for a total transaction of $477,230.00. Following the completion of the sale, the chief executive officer now owns 101,673 shares in the company, valued at $3,732,415.83. This represents a 11.34 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 78,973 shares of company stock valued at $2,656,230. 10.50% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. raised its holdings in Regional Management by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 454,637 shares of the credit services provider’s stock worth $15,449,000 after purchasing an additional 1,205 shares during the last quarter. Twin Lions Management LLC acquired a new position in Regional Management during the 4th quarter worth approximately $11,157,000. Tieton Capital Management LLC boosted its position in Regional Management by 23.5% during the 4th quarter. Tieton Capital Management LLC now owns 255,251 shares of the credit services provider’s stock worth $8,673,000 after acquiring an additional 48,541 shares during the last quarter. Renaissance Technologies LLC boosted its position in Regional Management by 10.6% during the 4th quarter. Renaissance Technologies LLC now owns 228,937 shares of the credit services provider’s stock worth $7,779,000 after acquiring an additional 21,990 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of Regional Management by 0.5% in the 4th quarter. Geode Capital Management LLC now owns 192,856 shares of the credit services provider’s stock valued at $6,555,000 after buying an additional 1,033 shares during the last quarter. 98.89% of the stock is owned by institutional investors.

Regional Management Company Profile

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.