Regional Management (NYSE:RM) Shares Pass Above 200-Day Moving Average – What’s Next?

Regional Management Corp. (NYSE:RM)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $31.61 and traded as high as $36.32. Regional Management shares last traded at $35.82, with a volume of 68,319 shares.

Analyst Upgrades and Downgrades

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

Regional Management Trading Down 0.6 %

The company has a 50-day moving average price of $32.94 and a 200 day moving average price of $31.61. The stock has a market capitalization of $364.04 million, a P/E ratio of 15.05 and a beta of 1.50. The company has a current ratio of 44.42, a quick ratio of 44.42 and a debt-to-equity ratio of 3.94.

Regional Management Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 11th. Shareholders of record on Thursday, November 21st were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 3.35%. The ex-dividend date was Thursday, November 21st. Regional Management’s dividend payout ratio (DPR) is presently 50.42%.

Insider Buying and Selling at Regional Management

In other news, major shareholder Fund L.P. Forager sold 16,219 shares of the firm’s stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $34.21, for a total value of $554,851.99. Following the completion of the transaction, the insider now directly owns 990,894 shares in the company, valued at $33,898,483.74. This trade represents a 1.61 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Robert William Beck sold 7,104 shares of the firm’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $32.55, for a total value of $231,235.20. Following the completion of the transaction, the chief executive officer now owns 103,443 shares of the company’s stock, valued at approximately $3,367,069.65. The trade was a 6.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 65,973 shares of company stock worth $2,179,000. 10.50% of the stock is owned by insiders.

Institutional Trading of Regional Management

Several hedge funds and other institutional investors have recently bought and sold shares of RM. SG Americas Securities LLC acquired a new stake in Regional Management in the third quarter valued at approximately $105,000. JPMorgan Chase & Co. grew its holdings in Regional Management by 15.6% in the third quarter. JPMorgan Chase & Co. now owns 4,233 shares of the credit services provider’s stock valued at $138,000 after purchasing an additional 572 shares during the period. Summit Global Investments acquired a new stake in Regional Management in the third quarter valued at approximately $209,000. PDT Partners LLC acquired a new stake in Regional Management in the third quarter valued at approximately $213,000. Finally, Allspring Global Investments Holdings LLC grew its holdings in Regional Management by 50.8% in the third quarter. Allspring Global Investments Holdings LLC now owns 7,416 shares of the credit services provider’s stock valued at $243,000 after purchasing an additional 2,497 shares during the period. 98.89% of the stock is owned by institutional investors and hedge funds.

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.