Regional Management Corp. (NYSE:RM) CEO Sells $231,235.20 in Stock

Regional Management Corp. (NYSE:RM) CEO Robert William Beck sold 7,104 shares of Regional Management stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $32.55, for a total transaction of $231,235.20. Following the sale, the chief executive officer now owns 103,443 shares in the company, valued at approximately $3,367,069.65. This trade represents a 6.43 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Regional Management Price Performance

Shares of NYSE RM traded up $0.65 during midday trading on Friday, reaching $33.27. 20,812 shares of the company traded hands, compared to its average volume of 25,950. Regional Management Corp. has a 12 month low of $20.50 and a 12 month high of $34.15. The company has a debt-to-equity ratio of 3.94, a quick ratio of 44.42 and a current ratio of 44.42. The stock’s 50-day simple moving average is $30.62 and its 200-day simple moving average is $30.11. The firm has a market cap of $338.12 million, a PE ratio of 13.83 and a beta of 1.52.

Regional Management Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 11th. Shareholders of record on Thursday, November 21st will be given a $0.30 dividend. The ex-dividend date is Thursday, November 21st. This represents a $1.20 dividend on an annualized basis and a yield of 3.61%. Regional Management’s dividend payout ratio (DPR) is presently 50.42%.

Institutional Trading of Regional Management

Several large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew 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 acquiring an additional 13,414 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of Regional Management by 5.3% in the second quarter. Bank of New York Mellon Corp now owns 111,610 shares of the credit services provider’s stock valued at $3,208,000 after buying an additional 5,588 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings 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 buying an additional 4,913 shares during the last quarter. Rhumbline Advisers lifted its position in Regional Management by 3.9% during the 2nd quarter. Rhumbline Advisers now owns 12,430 shares of the credit services provider’s stock worth $357,000 after buying an additional 463 shares in the last quarter. Finally, American Century Companies Inc. increased its position 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 valued at $3,069,000 after acquiring an additional 16,683 shares in the last quarter. 98.89% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

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.