Regional Management (NYSE:RM) Share Price Passes Above Two Hundred Day Moving Average – Time to Sell?

Shares of Regional Management Corp. (NYSE:RM) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $31.61 and traded as high as $36.32. Regional Management shares last traded at $35.82, with a volume of 68,319 shares changing hands.

Analyst Upgrades and Downgrades

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

Regional Management Trading Up 0.8 %

The company has a quick ratio of 44.42, a current ratio of 44.42 and a debt-to-equity ratio of 3.94. The firm has a market capitalization of $369.00 million, a P/E ratio of 15.26 and a beta of 1.50. The business has a 50-day moving average price of $33.07 and a 200-day moving average price of $31.68.

Regional Management Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 11th. Stockholders of record on Thursday, November 21st were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 3.30%. The ex-dividend date of this dividend was Thursday, November 21st. Regional Management’s dividend payout ratio (DPR) is presently 50.42%.

Insider Activity at Regional Management

In other news, CEO Robert William Beck sold 7,104 shares of the business’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $32.55, for a total value of $231,235.20. Following the sale, the chief executive officer now directly owns 103,443 shares in the company, valued at $3,367,069.65. The trade was a 6.43 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder Fund L.P. Forager sold 5,300 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $33.50, for a total transaction of $177,550.00. Following the transaction, the insider now directly owns 1,080,802 shares of the company’s stock, valued at $36,206,867. This represents a 0.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 65,973 shares of company stock worth $2,179,000 over the last ninety days. Company insiders own 10.50% of the company’s stock.

Institutional Trading of Regional Management

Institutional investors and hedge funds have recently bought and sold shares of the business. Waterfall Asset Management LLC bought a new position in Regional Management during the 2nd quarter worth $632,000. American Century Companies Inc. grew its holdings in shares of Regional Management by 18.5% during 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. Marshall Wace LLP acquired a new position in Regional Management in the second quarter valued at about $366,000. GSA Capital Partners LLP bought a new stake in Regional Management during the third quarter worth about $338,000. Finally, Barclays PLC increased its holdings in Regional Management by 73.4% in 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 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.