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 firm’s stock in a transaction that occurred 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 completion of the sale, the chief executive officer now directly owns 101,673 shares of the company’s stock, valued at approximately $3,732,415.83. This represents a 11.34 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

Shares of Regional Management stock opened at $35.47 on Friday. Regional Management Corp. has a fifty-two week low of $20.50 and a fifty-two week high of $37.52. The firm has a market cap of $360.35 million, a P/E ratio of 14.90 and a beta of 1.49. 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 firm has a 50 day simple moving average of $34.26 and a 200 day simple moving average of $32.18.

Regional Management (NYSE:RM) last announced its quarterly earnings data on Wednesday, February 5th. The credit services provider reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.88 by $0.10. Regional Management had a net margin of 4.13% and a return on equity of 11.98%. Sell-side analysts predict that Regional Management Corp. will post 4.48 earnings per share for the current fiscal year.

Regional Management Announces Dividend

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

Analyst Ratings Changes

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

Hedge Funds Weigh In On Regional Management

Hedge funds and other institutional investors have recently bought and sold shares of the business. Allspring Global Investments Holdings LLC boosted its stake in Regional Management by 50.8% in the third quarter. Allspring Global Investments Holdings LLC now owns 7,416 shares of the credit services provider’s stock valued at $243,000 after acquiring an additional 2,497 shares during the last quarter. Geode Capital Management LLC boosted its position 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 purchasing an additional 6,288 shares in the last quarter. Barclays PLC boosted its position 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 purchasing an additional 9,910 shares in the last quarter. JPMorgan Chase & Co. boosted its position 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 purchasing an additional 572 shares in the last quarter. Finally, FMR LLC boosted its position 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 purchasing an additional 7,985 shares in the last quarter. 98.89% of the stock is owned by institutional investors.

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.