Regional Management (NYSE:RM) Share Price Crosses Above 200-Day Moving Average – Time to Sell?

Regional Management Corp. (NYSE:RM) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $30.67 and traded as high as $33.44. Regional Management shares last traded at $33.36, with a volume of 13,639 shares traded.

Analysts Set New Price Targets

Separately, Stephens initiated coverage on Regional Management in a report on Wednesday, November 13th. They issued an “overweight” rating and a $38.00 price target for the company.

Regional Management Stock Up 1.6 %

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 stock has a market capitalization of $339.04 million, a price-to-earnings ratio of 14.02 and a beta of 1.52. The firm’s fifty day moving average is $31.22 and its 200-day moving average is $30.67.

Regional Management Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 11th. Stockholders of record on Thursday, November 21st were given a dividend of $0.30 per share. The ex-dividend date was Thursday, November 21st. This represents a $1.20 annualized dividend and a dividend yield of 3.60%. Regional Management’s payout ratio is 50.42%.

Insider Activity at Regional Management

In related news, CEO Robert William Beck sold 7,104 shares of the business’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $32.55, for a total transaction of $231,235.20. Following the completion of the sale, the chief executive officer now owns 103,443 shares of the company’s stock, valued at $3,367,069.65. This represents a 6.43 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Catherine R. Atwood sold 1,128 shares of the firm’s stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $33.00, for a total transaction of $37,224.00. Following the completion of the transaction, the senior vice president now directly owns 42,025 shares in the company, valued at $1,386,825. This represents a 2.61 % decrease in their position. The disclosure for this sale can be found here. 10.50% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Regional Management

Institutional investors have recently made changes to their positions in the stock. Tieton Capital Management LLC grew its position in shares of Regional Management by 94.1% during the second quarter. Tieton Capital Management LLC now owns 207,390 shares of the credit services provider’s stock worth $5,960,000 after acquiring an additional 100,560 shares during the last quarter. Renaissance Technologies LLC boosted its stake in Regional Management by 0.9% during the 2nd quarter. Renaissance Technologies LLC now owns 201,537 shares of the credit services provider’s stock valued at $5,792,000 after purchasing an additional 1,800 shares during the period. Geode Capital Management LLC grew its position in Regional Management by 3.4% in the 3rd quarter. Geode Capital Management LLC now owns 191,823 shares of the credit services provider’s stock worth $6,276,000 after purchasing an additional 6,288 shares during the last quarter. State Street Corp grew its position in Regional Management by 0.6% in the 3rd quarter. State Street Corp now owns 152,572 shares of the credit services provider’s stock worth $4,991,000 after purchasing an additional 971 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its stake in shares of Regional Management by 5.3% in the second quarter. Bank of New York Mellon Corp now owns 111,610 shares of the credit services provider’s stock valued at $3,208,000 after purchasing an additional 5,588 shares during the period. 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.