Director of Regional Management Corp. (NYSE:RM) acquires $251,225.00 in shares
Regional management company (NYSE: RM – Get a rating) Director Philip V. Bancroft purchased 6,500 shares of Regional Management in a trade dated Wednesday, August 17. The shares were purchased at an average cost of $38.65 per share, for a total transaction of $251,225.00. As a result of the transaction, the administrator now owns 16,605 shares of the company, valued at approximately $641,783.25. The purchase was disclosed in a filing with the Securities & Exchange Commission, accessible via this link.
Regional Trading Department up 1.2%
NYSE RM traded down $0.47 on Thursday, hitting $39.00. The stock recorded trading volume of 32,758 shares, compared to an average trading volume of 39,971 shares. The company has a market capitalization of $377.21 million, a price-earnings ratio of 4.78 and a beta of 1.38. The company has a quick ratio of 42.38, a current ratio of 42.38 and a leverage ratio of 3.96. Regional Management Corp. has a 12-month low of $36.50 and a 12-month high of $67.60. The stock has a fifty-day moving average price of $39.30 and a two-hundred-day moving average price of $44.71.
Announcement of the regional management dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 15. Shareholders of record on Wednesday, August 24 will receive a dividend of $0.30. This represents a dividend of $1.20 on an annualized basis and a yield of 3.08%. The ex-dividend date is Tuesday, August 23. The Regional Division’s payout rate is 14.89%.
Wall Street analysts predict growth
Several research companies have recently commented on RM. BMO Capital Markets cut its price target on regional leadership shares from $58.00 to $52.00 in a Friday, Aug. 5 research report. Keefe, Bruyette & Woods cut their target price on regional management from $53.00 to $41.00 in a Monday, July 11 research report.
Regional management institutional trading
Institutional investors and hedge funds have recently increased or reduced their stake in the company. Qube Research & Technologies Ltd acquired a new position in shares of Regional Management in the fourth quarter worth $316,000. Advisor Group Holdings Inc. increased its stake in Regional Management shares by 12.6% in the fourth quarter. Advisor Group Holdings Inc. now owns 4,541 shares of the credit services provider worth $261,000 after acquiring 509 additional shares in the last quarter. American Century Companies Inc. increased its stake in Regional Management stock by 34.1% in the fourth quarter. American Century Companies Inc. now owns 34,046 shares of the credit services provider worth $1,956,000 after acquiring 8,651 additional shares last quarter. First Trust Advisors LP increased its stake in Regional Management shares by 9.9% in the fourth quarter. First Trust Advisors LP now owns 14,953 shares of the credit services provider worth $859,000 after acquiring 1,344 additional shares last quarter. Finally, Lazard Asset Management LLC increased its stake in Regional Management shares by 61.3% in the fourth quarter. Lazard Asset Management LLC now owns 953 shares of the credit service provider worth $54,000 after acquiring 362 additional shares in the last quarter. Hedge funds and other institutional investors own 89.95% of the company’s shares.
Regional Management Company Profile
Regional Management Corp., a diversified consumer finance company, offers 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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