Regional Management (NYSE:RM) Stock Price Passes Above Two Hundred Day Moving Average – What’s Next?

Regional Management Corp. (NYSE:RM) shares crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred 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 Analysts Forecast Growth

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

Regional Management Stock Up 0.4 %

The firm’s 50-day moving average is $31.27 and its 200 day moving average is $30.69. The firm has a market capitalization of $340.46 million, a P/E ratio of 14.08 and a beta of 1.52. The company has a debt-to-equity ratio of 3.94, a quick ratio of 44.42 and a current ratio of 44.42.

Regional Management Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 11th. Stockholders of record on Thursday, November 21st were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $1.20 annualized dividend and a dividend yield of 3.58%. Regional Management’s dividend payout ratio is currently 50.42%.

Insider Buying and Selling

In related news, SVP Catherine R. Atwood sold 1,128 shares of the firm’s stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $33.00, for a total value of $37,224.00. Following the completion of the sale, the senior vice president now directly owns 42,025 shares in the company, valued at approximately $1,386,825. This trade represents a 2.61 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Robert William Beck sold 7,104 shares of the business’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $32.55, for a total value of $231,235.20. Following the transaction, the chief executive officer now directly owns 103,443 shares in the company, valued at approximately $3,367,069.65. This trade represents a 6.43 % decrease in their position. The disclosure for this sale can be found here. 10.50% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Regional Management

Institutional investors have recently made changes to their positions in the company. Bank of New York Mellon Corp lifted its holdings 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 worth $3,208,000 after purchasing an additional 5,588 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of Regional Management by 81,883.3% in the second quarter. Allspring Global Investments Holdings LLC now owns 4,919 shares of the credit services provider’s stock valued at $141,000 after acquiring an additional 4,913 shares during the period. Rhumbline Advisers increased its position in Regional Management by 3.9% during the second quarter. Rhumbline Advisers now owns 12,430 shares of the credit services provider’s stock worth $357,000 after acquiring an additional 463 shares during the period. American Century Companies Inc. raised its stake in Regional Management by 18.5% in the 2nd quarter. American Century Companies Inc. now owns 106,773 shares of the credit services provider’s stock worth $3,069,000 after purchasing an additional 16,683 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its holdings in Regional Management by 0.9% in the 2nd quarter. Renaissance Technologies LLC now owns 201,537 shares of the credit services provider’s stock valued at $5,792,000 after purchasing an additional 1,800 shares during the period. Institutional investors 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.