Regional Management (NYSE:RM) Stock Price Passes Above Two Hundred Day Moving Average – Here’s Why

Shares of Regional Management Corp. (NYSE:RM) 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 changing hands.

Wall Street Analyst Weigh In

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

Regional Management Price Performance

The firm has a market capitalization of $339.04 million, a P/E ratio of 14.02 and a beta of 1.52. The business’s fifty day moving average is $31.22 and its 200 day moving average is $30.67. 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 Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 11th. Shareholders of record on Thursday, November 21st were issued a $0.30 dividend. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $1.20 annualized dividend and a dividend yield of 3.60%. Regional Management’s dividend payout ratio is currently 50.42%.

Insider Activity

In other Regional Management news, SVP Catherine R. Atwood sold 1,128 shares of the business’s stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $33.00, for a total transaction of $37,224.00. Following the sale, the senior vice president now owns 42,025 shares in the company, valued at approximately $1,386,825. The trade was a 2.61 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Robert William Beck sold 7,104 shares of the company’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $32.55, for a total transaction of $231,235.20. Following the sale, the chief executive officer now directly owns 103,443 shares of the company’s stock, valued at $3,367,069.65. This represents a 6.43 % 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.

Hedge Funds Weigh In On Regional Management

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Tieton Capital Management LLC lifted its holdings in shares of Regional Management by 94.1% in the second quarter. Tieton Capital Management LLC now owns 207,390 shares of the credit services provider’s stock valued at $5,960,000 after purchasing an additional 100,560 shares in the last quarter. Renaissance Technologies LLC raised its position in Regional Management by 0.9% during the second quarter. Renaissance Technologies LLC now owns 201,537 shares of the credit services provider’s stock valued at $5,792,000 after buying an additional 1,800 shares during the period. 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 acquiring an additional 6,288 shares in the last quarter. State Street Corp boosted its position in Regional Management by 0.6% during the 3rd quarter. State Street Corp now owns 152,572 shares of the credit services provider’s stock worth $4,991,000 after acquiring an additional 971 shares during the period. Finally, Bank of New York Mellon Corp grew its stake in Regional Management by 5.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 111,610 shares of the credit services provider’s stock valued at $3,208,000 after acquiring an additional 5,588 shares in the last quarter. 98.89% of the stock is currently owned by hedge funds and other institutional investors.

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.