Regional Management (NYSE:RM) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday, Zacks.com reports.

According to Zacks, “Regional Management Corp. is a diversified specialty consumer finance company engaged in providing loan products primarily to customers with limited access to consumer credit from banks, thrifts, credit card companies and other traditional lenders. It offers Small Installment Loans, Large Installment Loans, Automobile Purchase Loans, Furniture and Appliance Purchase Loans and Insurance Products. The Company has operations primarily in South Carolina, Texas, North Carolina, Tennessee and Alabama. Regional Management Corp. is headquartered in Greenville, South Carolina. “

A number of other brokerages have also commented on RM. Janney Montgomery Scott raised shares of Regional Management from a “neutral” rating to a “buy” rating in a research report on Thursday, May 9th. ValuEngine raised shares of Regional Management from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 1st. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $31.80.

Shares of RM stock opened at $28.80 on Thursday. The company’s fifty day simple moving average is $26.29 and its 200-day simple moving average is $25.72. The company has a quick ratio of 48.69, a current ratio of 48.69 and a debt-to-equity ratio of 2.44. The firm has a market cap of $330.68 million, a PE ratio of 9.09 and a beta of 0.90. Regional Management has a 12 month low of $22.90 and a 12 month high of $32.91.

Regional Management (NYSE:RM) last announced its quarterly earnings data on Wednesday, July 31st. The credit services provider reported $0.70 EPS for the quarter, topping the Zacks’ consensus estimate of $0.65 by $0.05. The business had revenue of $84.27 million for the quarter, compared to analyst estimates of $80.50 million. Regional Management had a net margin of 10.59% and a return on equity of 13.37%. On average, equities analysts predict that Regional Management will post 3.43 earnings per share for the current fiscal year.

In other Regional Management news, Director Michael R. Dunn sold 16,113 shares of the company’s stock in a transaction on Friday, July 12th. The shares were sold at an average price of $27.00, for a total transaction of $435,051.00. Following the sale, the director now directly owns 107,543 shares of the company’s stock, valued at $2,903,661. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Robert William Beck purchased 5,000 shares of the company’s stock in a transaction on Monday, August 5th. The shares were purchased at an average cost of $25.99 per share, for a total transaction of $129,950.00. Following the completion of the transaction, the chief financial officer now directly owns 13,875 shares of the company’s stock, valued at approximately $360,611.25. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 101,827 shares of company stock worth $2,723,614 and have sold 130,319 shares worth $3,471,805. Corporate insiders own 9.50% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Argent Capital Management LLC raised its position in Regional Management by 19.3% during the first quarter. Argent Capital Management LLC now owns 65,412 shares of the credit services provider’s stock worth $1,597,000 after acquiring an additional 10,602 shares in the last quarter. Signia Capital Management LLC raised its position in Regional Management by 84.5% during the first quarter. Signia Capital Management LLC now owns 75,646 shares of the credit services provider’s stock worth $1,847,000 after acquiring an additional 34,644 shares in the last quarter. BNP Paribas Arbitrage SA raised its position in shares of Regional Management by 210.7% in the first quarter. BNP Paribas Arbitrage SA now owns 1,948 shares of the credit services provider’s stock valued at $48,000 after purchasing an additional 1,321 shares during the period. Bowling Portfolio Management LLC raised its position in shares of Regional Management by 13.0% in the second quarter. Bowling Portfolio Management LLC now owns 59,326 shares of the credit services provider’s stock valued at $1,564,000 after purchasing an additional 6,816 shares during the period. Finally, Municipal Employees Retirement System of Michigan bought a new position in shares of Regional Management in the second quarter valued at about $522,000. 90.83% of the stock is currently owned by hedge funds and other institutional investors.

Regional Management Company Profile

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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