Regional Management (NYSE:RM) Shares Pass Above 200 Day Moving Average – Here’s Why

Regional Management Corp. (NYSE:RM)’s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-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.

Wall Street Analyst Weigh In

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

Regional Management Trading Up 0.4 %

The company has a market cap of $340.46 million, a P/E ratio of 14.08 and a beta of 1.52. The company has a quick ratio of 44.42, a current ratio of 44.42 and a debt-to-equity ratio of 3.94. The firm’s 50 day moving average is $31.27 and its two-hundred day moving average is $30.69.

Regional Management Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 11th. Investors of record on Thursday, November 21st were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.58%. The ex-dividend date was Thursday, November 21st. Regional Management’s dividend payout ratio is currently 50.42%.

Insider Buying and Selling at Regional Management

In other news, CEO Robert William Beck sold 7,104 shares of the firm’s stock in a transaction that occurred on 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 trade represents a 6.43 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP Catherine R. Atwood sold 1,128 shares of the stock in a transaction on Friday, December 6th. The stock was sold at an average price of $33.00, for a total transaction of $37,224.00. Following the transaction, the senior vice president now directly owns 42,025 shares in the company, valued at approximately $1,386,825. This represents a 2.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 10.50% of the company’s stock.

Institutional Trading of Regional Management

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in RM. SG Americas Securities LLC acquired a new position in Regional Management during the third quarter worth $105,000. Allspring Global Investments Holdings LLC lifted its position in Regional Management by 81,883.3% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 4,919 shares of the credit services provider’s stock valued at $141,000 after acquiring an additional 4,913 shares in the last quarter. Summit Global Investments acquired a new position in Regional Management during the 3rd quarter valued at about $209,000. PDT Partners LLC bought a new stake in Regional Management during the 3rd quarter worth approximately $213,000. Finally, Hancock Whitney Corp purchased a new stake in shares of Regional Management in the second quarter worth approximately $234,000. 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.