Regional management company (NYSE:RM – Get a rating) Director Sandra K. Johnson sold 1,687 shares of Regional Management in a trade dated Monday, May 23. The stock was sold at an average price of $44.77, for a total value of $75,526.99. As a result of the transaction, the administrator now directly owns 4,997 shares of the company, valued at $223,715.69. The sale was disclosed in a legal filing with the SEC, available at the SEC website.
Shares of NYSE:RM traded at $0.81 in the midday session on Wednesday, reaching $45.66. The company’s stock had a trading volume of 35,467 shares, compared to an average volume of 43,879. The company has a market capitalization of $441.62 million, a price-earnings ratio of 5.25 and a beta of 1.33. The company has a debt ratio of 3.76, a quick ratio of 30.17 and a current ratio of 30.17. The company has a 50-day moving average price of $46.05 and a two-hundred-day moving average price of $51.38. Regional Management Corp. has a fifty-two week minimum of $41.68 and a fifty-two week maximum of $67.60.
Regional Directorate (NYSE:RM – Get a rating) last reported quarterly earnings data on Wednesday, May 4. The credit service provider reported earnings per share (EPS) of $2.67 for the quarter, beating analyst consensus estimates of $1.91 by $0.76. Regional Management posted a return on equity of 31.62% and a net margin of 19.92%. During the same period a year earlier, the company posted EPS of $2.31. As a group, research analysts predict that Regional Management Corp. will show earnings per share of 7.25 for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 15. Investors of record on Wednesday, May 25 will receive a dividend of $0.30. This represents a dividend of $1.20 on an annualized basis and a yield of 2.63%. The ex-dividend date is Tuesday, May 24. The Regional Division’s payout rate is 13.81%.
MR has been the subject of several recent research reports. StockNews.com downgraded regional management from a “strong buy” rating to a “buy” rating in a Friday, April 8 report. Zacks Investment Research downgraded regional management from a “buy” to a “hold” rating in a Tuesday, May 10 research note.
Institutional investors have recently changed their stock portfolios. Citigroup Inc. increased its position in regional management by 132.7% in the third quarter. Citigroup Inc. now owns 910 shares of the credit service provider valued at $53,000 after buying an additional 519 shares last quarter. Quantbot Technologies LP increased its position in Regional Management by 120.0% in Q1. Quantbot Technologies LP now owns 1,100 shares of the credit service provider valued at $53,000 after buying an additional 600 shares last quarter. Lazard Asset Management LLC increased its position in regional management by 61.3% in the 4th quarter. Lazard Asset Management LLC now owns 953 shares of the credit service provider valued at $54,000 after buying 362 additional shares last quarter. Dorsey Wright & Associates increased its position in regional management by 15.6% in the fourth quarter. Dorsey Wright & Associates now owns 1,540 shares of the credit service provider valued at $88,000 after buying 208 more shares last quarter. Finally, BNP Paribas Arbitrage SA increased its position in Regional Management by 482.3% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 1,846 shares of the credit services provider valued at $107,000 after buying an additional 1,529 shares last quarter. 89.95% of the shares are held by institutional investors and hedge funds.
About regional management (Get a rating)
Regional Management Corp., a diversified consumer finance company, offers 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.
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