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

Regional Management Corp. (NYSE:RM) CEO Robert William Beck sold 13,000 shares of the firm’s stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $36.71, for a total transaction of $477,230.00. Following the sale, the chief executive officer now owns 101,673 shares in the company, valued at $3,732,415.83. The trade was a 11.34 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 Trading Down 1.7 %

Shares of NYSE:RM traded down $0.61 on Thursday, hitting $36.33. 75,470 shares of the company’s stock were exchanged, compared to its average volume of 55,549. The company has a debt-to-equity ratio of 3.94, a current ratio of 44.42 and a quick ratio of 44.42. The stock has a market capitalization of $369.10 million, a price-to-earnings ratio of 15.26 and a beta of 1.49. The business’s 50 day simple moving average is $34.05 and its two-hundred day simple moving average is $32.12. Regional Management Corp. has a 12 month low of $20.50 and a 12 month high of $37.52.

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

Regional Management Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Thursday, February 20th will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.30%. The ex-dividend date is Thursday, February 20th. Regional Management’s payout ratio is currently 50.42%.

Institutional Trading of Regional Management

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Proficio Capital Partners LLC purchased a new stake in shares of Regional Management in the 4th quarter valued at $831,000. Marshall Wace LLP purchased a new stake in Regional Management in the second quarter valued at $366,000. GSA Capital Partners LLP acquired a new stake in Regional Management during the 3rd quarter worth about $338,000. Barclays PLC raised its stake in shares of Regional Management by 73.4% during the 3rd quarter. Barclays PLC now owns 23,416 shares of the credit services provider’s stock valued at $766,000 after buying an additional 9,910 shares during the last quarter. Finally, FMR LLC lifted its holdings in shares of Regional Management by 34.1% in the 3rd quarter. FMR LLC now owns 31,384 shares of the credit services provider’s stock valued at $1,027,000 after buying an additional 7,985 shares during the period. Institutional investors and hedge funds own 98.89% of the company’s stock.

Wall Street Analysts Forecast Growth

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