Regional Management (NYSE:RM) Earns Hold (C) Rating from Weiss Ratings

by · The Cerbat Gem

Regional Management (NYSE:RM – Get Free Report)‘s stock had its “hold (c)” rating reissued by investment analysts at Weiss Ratings in a note issued to investors on Wednesday,Weiss Ratings reports.

Separately, Wall Street Zen upgraded shares of Regional Management from a “buy” rating to a “strong-buy” rating in a research report on Sunday, August 3rd. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $34.00.

View Our Latest Stock Report on RM

Regional Management Stock Down 0.2%

NYSE RM opened at $38.92 on Wednesday. The company has a market capitalization of $381.42 million, a P/E ratio of 11.22 and a beta of 1.17. Regional Management has a 12-month low of $25.41 and a 12-month high of $46.00. The firm has a 50-day moving average price of $40.22 and a two-hundred day moving average price of $33.52.

Regional Management (NYSE:RM – Get Free Report) last issued its earnings results on Wednesday, July 30th. The credit services provider reported $1.03 EPS for the quarter, beating the consensus estimate of $0.72 by $0.31. The company had revenue of $157.44 million during the quarter, compared to analysts’ expectations of $155.22 million. Regional Management had a net margin of 5.68% and a return on equity of 10.91%. Equities analysts expect that Regional Management will post 4.7 EPS for the current year.

Insider Transactions at Regional Management

In other Regional Management news, CEO Robert William Beck sold 10,000 shares of the firm’s stock in a transaction on Monday, August 11th. The shares were sold at an average price of $35.54, for a total value of $355,400.00. Following the transaction, the chief executive officer directly owned 79,673 shares of the company’s stock, valued at approximately $2,831,578.42. This trade represents a 11.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 10.80% of the stock is currently owned by corporate insiders.

Institutional Trading of Regional Management

Institutional investors and hedge funds have recently made changes to their positions in the company. Allspring Global Investments Holdings LLC raised its holdings in shares of Regional Management by 37.8% in the first quarter. Allspring Global Investments Holdings LLC now owns 10,520 shares of the credit services provider’s stock valued at $321,000 after purchasing an additional 2,885 shares during the last quarter. Exchange Traded Concepts LLC purchased a new stake in Regional Management during the first quarter worth about $245,000. Acadian Asset Management LLC increased its holdings in Regional Management by 83.0% during the first quarter. Acadian Asset Management LLC now owns 155,885 shares of the credit services provider’s stock worth $4,691,000 after buying an additional 70,721 shares during the last quarter. GAMMA Investing LLC increased its holdings in Regional Management by 3,899.2% during the first quarter. GAMMA Investing LLC now owns 5,119 shares of the credit services provider’s stock worth $170,000 after buying an additional 4,991 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in Regional Management by 69.2% during the first quarter. Charles Schwab Investment Management Inc. now owns 85,220 shares of the credit services provider’s stock worth $2,566,000 after buying an additional 34,861 shares during the last quarter. Hedge funds and other institutional investors own 98.89% of the company’s stock.

About Regional Management

(Get Free Report)

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.

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