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Regional management company (NYSE:RM – Get a rating) Director Basswood Capital Management, L sold 63,093 shares of Regional Management in a trade on Thursday, November 17. The stock was sold at an average price of $28.58, for a total transaction of $1,803,197.94. Following the completion of the sale, the director now owns 611,553 shares of the company, valued at approximately $17,478,184.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, available at this hyperlink.
Basswood Capital Management, L has also recently completed the following transactions:
- On Monday, November 14, Basswood Capital Management, L sold 5,219 shares of Regional Management. The stock was sold at an average price of $31.00, for a total transaction of $161,789.00.
- On Thursday, November 10, Basswood Capital Management, L sold 6,000 shares of Regional Management. The stock was sold at an average price of $32.02, for a total transaction of $192,120.00.
- On Tuesday, November 8, Basswood Capital Management, L sold 29,135 shares of Regional Management. The stock was sold at an average price of $28.75, for a total transaction of $837,631.25.
- On Monday, August 29, Basswood Capital Management, L sold 16,600 shares of Regional Management. The stock was sold at an average price of $35.63, for a total transaction of $591,458.00.
- On Thursday, August 25, Basswood Capital Management, L sold 2,800 shares of Regional Management. The stock was sold at an average price of $38.07, for a total transaction of $106,596.00.
Regional management inventory performance
Shares of RM traded at $0.20 during midday trading on Monday, reaching $29.28. 23,237 shares of the stock are trading in the hands, compared to its average volume of 38,518. Regional Management Corp. has a 1-year low of $27.42 and a 1-year high of $67.60. The company has a market capitalization of $280.68 million, a PE ratio of 4.15 and a beta of 1.48. The company has a debt ratio of 3.99, a quick ratio of 43.67 and a current ratio of 43.67. The company’s 50-day moving average price is $30.09 and its two-hundred-day moving average price is $36.68.
Regional management announces dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 14. Shareholders of record on Wednesday, November 23 will receive a dividend of $0.30. This represents an annualized dividend of $1.20 and a yield of 4.10%. The ex-dividend date is Tuesday, November 22. The Regional Management’s dividend distribution rate (DPR) is currently 17.12%.
A Wall Street analyst gives his opinion
A number of equity analysts have commented on RM shares. TheStreet downgraded the shares of regional management from a “b-” rating to a “c+” rating in a Wednesday, September 21 report. Stephens cut his price target on regional leadership stock from $51.00 to $32.00 and set an “equal weight” rating for the company in a Wednesday, Nov. 2, report. StockNews.com began covering the actions of regional leadership in a report on Wednesday, October 12. They set a “buy” rating for the company. Finally, BMO Capital Markets cut its price target on regional leadership shares from $43.00 to $39.00 and set a “market performance” rating for the company in a report Thursday 3 november.
Institutional investors weigh on regional management
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Amalgamated Bank acquired a new stake in Regional Management during Q1 worth approximately $51,000. Quantbot Technologies LP increased its stake in regional management by 120.0% during the 1st quarter. Quantbot Technologies LP now owns 1,100 shares of the credit service provider worth $53,000 after purchasing an additional 600 shares during the period. US Bancorp DE increased its stake in regional management by 1,923.4% during the third quarter. US Bancorp DE now owns 1,295 shares of the credit service provider worth $36,000 after purchasing an additional 1,231 shares during the period. BNP Paribas Arbitrage SA increased its stake in Regional Management by 76.4% during the second quarter. BNP Paribas Arbitrage SA now owns 1,977 shares of the credit services provider worth $74,000 after purchasing an additional 856 shares during the period. Finally, Lazard Asset Management LLC increased its stake in regional management by 122.4% during the second quarter. Lazard Asset Management LLC now owns 2,119 shares of the credit services provider worth $79,000 after buying 1,166 additional shares during the period. 82.76% of the shares are currently held by institutional investors.
About regional management
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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