Robert William Beck Sells 13,000 Shares of Regional Management Corp. (NYSE:RM) Stock

Regional Management Corp. (NYSE:RM) CEO Robert William Beck sold 13,000 shares of the stock in a transaction dated 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 of the company’s stock, valued at approximately $3,732,415.83. The trade was a 11.34 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Robert William Beck also recently made the following trade(s):

• On Wednesday, December 4th, Robert William Beck sold 7,104 shares of Regional Management stock. The shares were sold at an average price of $32.55, for a total transaction of $231,235.20.

Regional Management Stock Performance

NYSE:RM opened at $35.47 on Friday. Regional Management Corp. has a 12-month low of $20.50 and a 12-month high of $37.52. 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 has a market capitalization of $360.35 million, a PE ratio of 14.90 and a beta of 1.49. The firm has a 50-day moving average price of $34.26 and a 200 day moving average price of $32.18.

Regional Management (NYSE:RM) last posted its quarterly earnings results on Wednesday, February 5th. The credit services provider reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.88 by $0.10. Regional Management had a net margin of 4.13% and a return on equity of 11.98%. Research analysts anticipate that Regional Management Corp. will post 4.48 earnings per share for the current fiscal year.

Regional Management Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, February 20th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 3.38%. The ex-dividend date is Thursday, February 20th. Regional Management’s dividend payout ratio (DPR) is presently 50.42%.

Analysts Set New Price Targets

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

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC increased its holdings in shares of Regional Management by 50.8% during the third quarter. Allspring Global Investments Holdings LLC now owns 7,416 shares of the credit services provider’s stock worth $243,000 after buying an additional 2,497 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Regional Management by 3.4% during the third quarter. Geode Capital Management LLC now owns 191,823 shares of the credit services provider’s stock worth $6,276,000 after buying an additional 6,288 shares in the last quarter. Barclays PLC increased its holdings in shares of Regional Management by 73.4% during the third quarter. Barclays PLC now owns 23,416 shares of the credit services provider’s stock worth $766,000 after buying an additional 9,910 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Regional Management by 15.6% during the third quarter. JPMorgan Chase & Co. now owns 4,233 shares of the credit services provider’s stock worth $138,000 after buying an additional 572 shares in the last quarter. Finally, FMR LLC increased its holdings in shares of Regional Management by 34.1% during the third quarter. FMR LLC now owns 31,384 shares of the credit services provider’s stock worth $1,027,000 after buying an additional 7,985 shares in the last quarter. Institutional investors and hedge funds own 98.89% of the company’s stock.

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.