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

Regional Management Corp. (NYSE:RM)’s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred 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 trading hands.

Analysts Set New Price Targets

Separately, Stephens initiated coverage on shares of Regional Management in a research report on Wednesday, November 13th. They set an “overweight” rating and a $38.00 price objective on the stock.

Regional Management Price Performance

The stock has a market capitalization of $369.00 million, a P/E ratio of 15.26 and a beta of 1.50. The business has a fifty day simple moving average of $33.07 and a 200 day simple moving average of $31.68. 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 business also recently declared a quarterly dividend, which was paid on Wednesday, December 11th. Investors of record on Thursday, November 21st were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 3.30%. The ex-dividend date was Thursday, November 21st. Regional Management’s payout ratio is currently 50.42%.

Insiders Place Their Bets

In other Regional Management news, major shareholder Fund L.P. Forager sold 16,219 shares of the business’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $34.21, for a total value of $554,851.99. Following the transaction, the insider now directly owns 990,894 shares in the company, valued at $33,898,483.74. The trade was a 1.61 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Catherine R. Atwood sold 1,128 shares of the stock in a transaction that occurred on Friday, December 6th. The shares were 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 of the company’s stock, valued at $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 have sold 65,973 shares of company stock valued at $2,179,000 in the last three months. 10.50% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. American Century Companies Inc. increased its position in shares of Regional Management by 18.5% during the second quarter. American Century Companies Inc. now owns 106,773 shares of the credit services provider’s stock valued at $3,069,000 after buying an additional 16,683 shares during the period. Waterfall Asset Management LLC bought a new stake in Regional Management during the 2nd quarter worth approximately $632,000. Allspring Global Investments Holdings LLC lifted its stake in Regional Management by 50.8% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 7,416 shares of the credit services provider’s stock worth $243,000 after purchasing an additional 2,497 shares in the last quarter. Geode Capital Management LLC lifted its stake 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 in the last quarter. Finally, Barclays PLC boosted its holdings in Regional Management by 73.4% in the 3rd quarter. Barclays PLC now owns 23,416 shares of the credit services provider’s stock valued at $766,000 after purchasing an additional 9,910 shares during the period. Institutional investors own 98.89% of the company’s stock.

About Regional Management

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.