John D. Schachtel Purchases 4,000 Shares of Regional Management Corp (NYSE:RM) Stock

Regional Management Corp (NYSE:RM) COO John D. Schachtel acquired 4,000 shares of Regional Management stock in a transaction on Monday, August 12th. The shares were bought at an average price of $27.46 per share, with a total value of $109,840.00. Following the purchase, the chief operating officer now directly owns 26,378 shares in the company, valued at approximately $724,339.88. The acquisition was disclosed in a filing with the SEC, which is accessible through this link.

Shares of Regional Management stock traded down $0.54 on Wednesday, hitting $26.56. The company’s stock had a trading volume of 26,381 shares, compared to its average volume of 43,774. The company has a quick ratio of 48.69, a current ratio of 48.69 and a debt-to-equity ratio of 2.44. Regional Management Corp has a 1 year low of $22.90 and a 1 year high of $35.37. The firm’s fifty day moving average is $26.12. The firm has a market cap of $315.70 million, a P/E ratio of 8.38 and a beta of 0.93.

Regional Management (NYSE:RM) last announced its quarterly earnings results on Wednesday, July 31st. The credit services provider reported $0.70 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.65 by $0.05. Regional Management had a return on equity of 13.37% and a net margin of 10.59%. The firm had revenue of $84.27 million during the quarter, compared to analyst estimates of $80.50 million. As a group, equities analysts forecast that Regional Management Corp will post 3.42 earnings per share for the current fiscal year.

Institutional investors have recently made changes to their positions in the stock. Argent Capital Management LLC increased its stake in shares of Regional Management by 19.3% in the 1st quarter. Argent Capital Management LLC now owns 65,412 shares of the credit services provider’s stock valued at $1,597,000 after purchasing an additional 10,602 shares in the last quarter. Signia Capital Management LLC increased its stake in shares of Regional Management by 84.5% in the 1st quarter. Signia Capital Management LLC now owns 75,646 shares of the credit services provider’s stock valued at $1,847,000 after purchasing an additional 34,644 shares in the last quarter. Assenagon Asset Management S.A. increased its stake in shares of Regional Management by 24.8% in the 1st quarter. Assenagon Asset Management S.A. now owns 32,256 shares of the credit services provider’s stock valued at $788,000 after purchasing an additional 6,404 shares in the last quarter. Millennium Management LLC increased its stake in shares of Regional Management by 44.6% in the 4th quarter. Millennium Management LLC now owns 83,297 shares of the credit services provider’s stock valued at $2,003,000 after purchasing an additional 25,687 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of Regional Management by 21.8% in the 4th quarter. Geode Capital Management LLC now owns 106,850 shares of the credit services provider’s stock valued at $2,568,000 after purchasing an additional 19,106 shares in the last quarter. Hedge funds and other institutional investors own 90.46% of the company’s stock.

RM has been the subject of a number of recent research reports. Janney Montgomery Scott upgraded Regional Management from a “neutral” rating to a “buy” rating in a research note on Thursday, May 9th. Zacks Investment Research upgraded Regional Management from a “hold” rating to a “buy” rating and set a $29.00 price objective for the company in a research note on Wednesday, July 10th. Finally, ValuEngine upgraded Regional Management from a “strong sell” rating to a “sell” rating in a research note on Thursday, August 1st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $31.80.

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 traditional lenders. The company offers small and large installment loans; loans to finance the purchase of furniture, appliances, and other retail products; insurance products, including credit life, credit accident and health, credit property, vehicle single interest, and credit involuntary unemployment insurance; collateral protection insurance; and property insurance, as well as reinsurance products.

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