Regional Management Corp. (NYSE:RM) sees strong growth in short-term interest


Regional Management Corp. (NYSE:RM – Get Rating) was the target of a significant increase in short interest during the month of April. As of April 30, there was short interest totaling 459,600 shares, an increase of 26.2% from the April 15 total of 364,300 shares. Based on an average daily trading volume of 44,800 shares, the short interest ratio is currently 10.3 days. Currently, 5.1% of the company’s shares are sold short.

In other news, CEO Robert William Beck sold 5,000 shares of the company in a trade dated Tuesday, March 8. The shares were sold at an average price of $47.74, for a total value of $238,700.00. The sale was disclosed in a legal filing with the SEC, accessible via this hyperlink. Company insiders own 8.90% of the company’s shares.

Hedge funds have recently increased or reduced their stakes in the company. Denali Advisors LLC bought a new position in Regional Management stock in Q4 worth $132,000. Allspring Global Investments Holdings LLC acquired a new position in regional management during the fourth quarter worth approximately $1,496,000. Advisor Group Holdings Inc. increased its holdings of Regional Management stock by 243.4% in the third quarter. Advisor Group Holdings Inc. now owns 4,032 shares of the credit services provider worth $231,000 after acquiring 2,858 additional shares in the last quarter. The Florida Retirement System State Board of Directors acquired a new stake in regional leadership stock in Q3 valued at approximately $215,000. Finally, Fuller & Thaler Asset Management Inc. increased its equity holdings in regional management by 0.4% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 61,976 shares of the credit service provider valued at $3,561,000 after buying 275 additional shares in the last quarter. 89.95% of the shares are currently held by hedge funds and other institutional investors.

RM has been the subject of a number of research analyst reports. Zacks Investment Research upgraded the regional management’s shares from a “buy” to a “hold” rating in a Tuesday, May 10 research report. downgraded shares of regional management from a “strong buy” rating to a “buy” rating in a Friday, April 8 research note.

NYSE:RM shares opened at $43.20 on Thursday. Regional leadership has a 12-month low of $41.65 and a 12-month high of $67.60. The company’s 50-day moving average price is $46.12 and its two-hundred-day moving average price is $51.80. The company has a market capitalization of $417.74 million, a PE ratio of 4.97 and a beta of 1.33. The company has a quick ratio of 30.17, a current ratio of 30.17 and a leverage ratio of 3.76.

Regional Management (NYSE:RM – Get Rating) last released its quarterly earnings data on Wednesday, May 4. The credit services provider reported EPS of $2.67 for the quarter, beating analyst consensus estimates of $1.91 by $0.76. Regional Management posted a return on equity of 31.62% and a net margin of 19.92%. During the same quarter last year, the company posted EPS of $2.31. On average, research analysts expect regional management to post EPS of 7.25 for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 15. Investors of record on Wednesday, May 25 will receive a dividend of $0.30 per share. The ex-dividend date is Tuesday, May 24. This represents an annualized dividend of $1.20 and a yield of 2.78%. The Regional Management dividend distribution rate is 13.81%.

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.

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