Insider Selling: Regional Management Corp. (NYSE:RM) CEO Sells 13,000 Shares of 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 stock was sold at an average price of $36.71, for a total transaction of $477,230.00. Following the completion of the transaction, the chief executive officer now directly owns 101,673 shares of the company’s stock, valued at approximately $3,732,415.83. This trade represents a 11.34 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, 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 stock was sold at an average price of $32.55, for a total transaction of $231,235.20.

Regional Management Stock Down 1.7 %

Shares of NYSE:RM opened at $36.33 on Friday. The firm has a fifty day moving average price of $34.16 and a two-hundred day moving average price of $32.15. The company has a debt-to-equity ratio of 3.94, a current ratio of 44.42 and a quick ratio of 44.42. Regional Management Corp. has a one year low of $20.50 and a one year high of $37.52. The company has a market cap of $369.10 million, a price-to-earnings ratio of 15.26 and a beta of 1.49.

Regional Management (NYSE:RM) last announced its quarterly earnings results on Wednesday, February 5th. The credit services provider reported $0.98 EPS for the quarter, beating the consensus estimate of $0.88 by $0.10. Regional Management had a net margin of 4.13% and a return on equity of 11.98%. Analysts anticipate that Regional Management Corp. will post 4.48 EPS for the current fiscal year.

Regional Management Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Thursday, February 20th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 3.30%. The ex-dividend date of this dividend is Thursday, February 20th. Regional Management’s dividend payout ratio (DPR) is currently 50.42%.

Wall Street Analyst Weigh In

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

Institutional Trading of Regional Management

Several institutional investors and hedge funds have recently made changes to their positions in RM. Proficio Capital Partners LLC purchased a new stake in shares of Regional Management during the 4th quarter valued at $831,000. Marshall Wace LLP purchased a new position in Regional Management in the 2nd quarter worth $366,000. GSA Capital Partners LLP purchased a new position in Regional Management in the 3rd quarter worth $338,000. Barclays PLC raised its position in Regional Management by 73.4% in the 3rd 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 during the period. Finally, FMR LLC raised its position in Regional Management by 34.1% in the 3rd 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 during the period. Hedge funds and other 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.