Separately, Zacks Investment Research downgraded regional management from a “strong buy” rating to a “hold” rating in a Wednesday, Feb. 2 research report.
NYSE:RM opened at $45.90 on Tuesday. The company has a current ratio of 27.76, a quick ratio of 27.76 and a debt ratio of 3.88. The company has a market capitalization of $451.06 million, a PE ratio of 5.51 and a beta of 1.35. The company has a fifty-day moving average of $50.39. Regional management has a 12-month low of $33.21 and a 12-month high of $67.60.
Regional Management (NYSE: RM – Get a rating) last reported its quarterly earnings data on Tuesday, February 8. The credit service provider reported EPS of $2.04 for the quarter, beating the consensus estimate of $1.84 by $0.20. Regional Management posted a return on equity of 31.59% and a net margin of 20.70%. In the same quarter last year, the company earned earnings per share of $1.28. Analysts expect regional management to post 6.49 earnings per share for the current fiscal year.
In related news, CEO Robert William Beck sold 5,000 shares of Regional Management in a trade dated Tuesday, March 8. The stock was sold at an average price of $47.74, for a total value of $238,700.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, accessible via this hyperlink. Additionally, Basswood Capital Management director L sold 2,367 shares of Regional Management in a trade dated Wednesday, February 16. The stock was sold at an average price of $53.92, for a total value of $127,628.64. Disclosure of this sale can be found here. In the past ninety days, insiders have sold 12,367 shares of the company valued at $656,179. 9.70% of the shares are held by insiders.
Several institutional investors have recently increased or reduced their stake in the company. Forager Capital Management LLC purchased a new stake in Regional Management stock during Q4, valued at approximately $25,332,000. Nuveen Asset Management LLC increased its stake in Regional Management shares by 12.9% during the 4th quarter. Nuveen Asset Management LLC now owns 211,182 shares of the credit service provider valued at $12,135,000 after acquiring an additional 24,151 shares during the period. Acadian Asset Management LLC increased its stake in the shares of Regional Management by 11.7% during the 4th quarter. Acadian Asset Management LLC now owns 183,836 shares of the credit service provider valued at $10,556,000 after acquiring an additional 19,221 shares during the period. Khrom Capital Management LLC increased its stake in Regional Management shares by 12.2% during the 4th quarter. Khrom Capital Management LLC now owns 174,139 shares of the credit service provider valued at $10,006,000 after acquiring an additional 19,000 shares during the period. Finally, State Street Corp increased its stake in Regional Management shares by 10.8% during the 2nd quarter. State Street Corp now owns 164,233 shares of the credit service provider valued at $7,643,000 after acquiring an additional 15,968 shares during the period. Institutional investors and hedge funds hold 85.57% of the company’s shares.
Regional Management Company Profile (Get a rating)
Regional Management Corp. provides financial services to consumers. The Company’s products include small, large and retail installment loans. It also offers optional payment insurance and warranty protection products. The company was founded by Richard A. Godley and C. Glynn Quattlebaum on March 25, 1987 and is based in Greer, SC.
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