Catherine R. Atwood Sells 1,128 Shares of Regional Management Corp. (NYSE:RM) Stock

Regional Management Corp. (NYSE:RM) SVP Catherine R. Atwood sold 1,128 shares of the firm’s stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $33.00, for a total transaction of $37,224.00. Following the transaction, the senior vice president now directly owns 42,025 shares of the company’s stock, valued at approximately $1,386,825. This trade represents a 2.61 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Regional Management Stock Up 2.0 %

Shares of NYSE RM opened at $33.27 on Friday. Regional Management Corp. has a 1 year low of $20.50 and a 1 year high of $34.15. The firm’s 50 day moving average price is $30.63 and its 200 day moving average price is $30.16. The firm has a market cap of $338.02 million, a P/E ratio of 13.98 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 business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Stockholders of record on Thursday, November 21st will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $1.20 annualized dividend and a dividend yield of 3.61%. Regional Management’s dividend payout ratio is presently 50.42%.

Institutional Trading of Regional Management

Institutional investors have recently made changes to their positions in the stock. American Century Companies Inc. grew its stake 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 valued at $3,069,000 after buying an additional 16,683 shares during the period. Waterfall Asset Management LLC purchased a new stake in Regional Management during the 2nd quarter worth $632,000. Allspring Global Investments Holdings LLC boosted its position in Regional Management by 50.8% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 7,416 shares of the credit services provider’s stock worth $243,000 after purchasing an additional 2,497 shares during the period. Vanguard Group Inc. boosted its position in Regional Management by 3.1% during the 1st quarter. Vanguard Group Inc. now owns 443,851 shares of the credit services provider’s stock worth $10,746,000 after purchasing an additional 13,414 shares during the period. Finally, Renaissance Technologies LLC boosted its position in Regional Management by 0.9% during the 2nd quarter. Renaissance Technologies LLC now owns 201,537 shares of the credit services provider’s stock worth $5,792,000 after purchasing an additional 1,800 shares during the period. 98.89% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

About Regional Management

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.