Acabbe Villett

Main Menu

  • Home
  • Creeping inflation
  • Intermediate input
  • Market balance
  • Federal Housing Administration Loan
  • Finance Debt

Acabbe Villett

Header Banner

Acabbe Villett

  • Home
  • Creeping inflation
  • Intermediate input
  • Market balance
  • Federal Housing Administration Loan
  • Finance Debt
Finance Debt
Home›Finance Debt›StockNews.com downgrades regional (NYSE:RM) leadership to buy

StockNews.com downgrades regional (NYSE:RM) leadership to buy

By Mabel Underwood
April 9, 2022
16
0

Regional Management (NYSE: RM – Get a rating) was downgraded by StockNews.com from a “strong buy” rating to a “buy” rating in a research note released Friday to investors.

Separately, Zacks Investment Research downgraded regional management from a “strong buy” rating to a “hold” rating in a Wednesday, Feb. 2 research report.

RM stock opened at $46.57 on Friday. The company has a market capitalization of $457.64 million, a P/E ratio of 5.59 and a beta of 1.32. Regional management has a 12-month low of $35.23 and a 12-month high of $67.60. The company has a 50-day simple moving average of $49.20 and a 200-day simple moving average of $54.27. The company has a current ratio of 27.76, a quick ratio of 27.76 and a debt ratio of 3.88.

Regional Management (NYSE: RM – Get a rating) last announced its quarterly results on Wednesday, February 9. The credit services provider reported earnings per share of $2.04 for the quarter, beating analyst consensus estimates of $1.79 by $0.25. The company posted revenue of $119.48 million in the quarter, compared to $116.84 million expected by analysts. Regional Management posted a return on equity of 31.59% and a net margin of 20.70%. In the same quarter last year, the company posted earnings per share of $1.28. Research analysts predict that regional management will post EPS of 6.49 for the current fiscal year.

(A d)

Forbes says… NFTs are the biggest technological development for creators since the advent of the internet – and in 2022 they will increase by 1000%.

Check out these 3 NFT stocks that are well positioned to deliver strong upside for investors over the next 12-18 months.

In other Regional Management news, the CEO Robert William Beck sold 5,000 shares of the company in a trade that took place on Tuesday, March 8. The stock was sold at an average price of $47.74, for a total value of $238,700.00. The transaction was disclosed in a document filed with the SEC, accessible via the SEC website. Additionally, Basswood Capital Management director L sold 2,367 shares of Regional Management in a trade that took place on Wednesday, February 16. The stock was sold at an average price of $53.92, for a total value of $127,628.64. Disclosure of this sale can be found here. Company insiders own 9.70% of the company’s shares.

A number of institutional investors and hedge funds have recently changed their MR holdings. Forager Capital Management LLC acquired a new stake in the shares of Regional Management in the 4th quarter at a value of $25,332,000. Nuveen Asset Management LLC increased its stake in Regional Management shares by 12.9% in the 4th quarter. Nuveen Asset Management LLC now owns 211,182 shares of the credit service provider valued at $12,135,000 after purchasing an additional 24,151 shares during the period. Acadian Asset Management LLC increased its stake in Regional Management shares by 11.7% in the 4th quarter. Acadian Asset Management LLC now owns 183,836 shares of the credit service provider valued at $10,556,000 after purchasing an additional 19,221 shares during the period. Khrom Capital Management LLC increased its stake in Regional Management shares by 12.2% in the 4th quarter. Khrom Capital Management LLC now owns 174,139 shares of the credit service provider valued at $10,006,000 after purchasing an additional 19,000 shares during the period. Finally, Geode Capital Management LLC increased its stake in Regional Management shares by 11.4% in the 3rd quarter. Geode Capital Management LLC now owns 163,734 shares of the credit service provider valued at $9,526,000 after purchasing an additional 16,691 shares during the period. Hedge funds and other institutional investors hold 85.57% of the company’s shares.

Regional Management Company Profile (Get a rating)

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.

Read more

This instant alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]

Should you invest $1,000 in regional management right now?

Before you consider regional management, you’ll want to hear this.

MarketBeat tracks daily the highest rated and most successful research analysts on Wall Street and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market ripples…and regional direction wasn’t on the list.

While regional management currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.

See the 5 actions here

Related posts:

  1. Pupil Loans and Credit: How Does Tuition Debt Have an effect on Your Skill to Borrow?
  2. Mortgage Cease now gives quick time period installment loans for Colorado and Wyoming with the power to use on-line
  3. Get married in 2021? What it is best to know
  4. What’s the common credit score rating by state?

Recent Posts

  • Contagion only hits companies with ‘poor balance sheet management’ – Kraken Aus boss
  • What credit score do you need to buy a house?
  • Better operating conditions in July amid strong customer demand
  • DolEx and Barri announce their merger
  • Wagestream partners with fintech Blossom to offer employees a targeted return of 3% per year

Archives

  • August 2022
  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021

Categories

  • Creeping inflation
  • Federal Housing Administration Loan
  • Finance Debt
  • Intermediate input
  • Market balance
  • TERMS AND CONDITIONS
  • PRIVACY AND POLICY