Regional management (NYSE:RM) upgraded at Zacks Investment Research


Regional Directorate (NYSE:RMGet a rating) has been upgraded by Zacks Investment Research from a “sell” to a “hold” rating in a note released Wednesday to investors, Zacks.com reports.

According to Zacks, “Regional Management Corp. is a diversified specialty consumer finance company that provides loan products primarily to customers with limited access to consumer credit from banks, savings, 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 operates primarily in South Carolina, Texas, North Carolina, Tennessee and Alabama. Regional Management Corp. is headquartered in Greenville, South Carolina. “

Separately, StockNews.com downgraded the regional leadership’s stock from a “strong buy” rating to a “buy” rating in a Friday, April 8 research note.

Shares of RM opened at $45.23 on Wednesday. Regional leadership has a 52-week low of $38.17 and a 52-week high of $67.60. The company has a market capitalization of $442.80 million, a price-earnings ratio of 5.43 and a beta of 1.33. The company has a 50-day moving average of $47.13. The company has a debt ratio of 3.88, a quick ratio of 27.76 and a current ratio of 27.76.

Regional Directorate (NYSE:RMGet a rating) last announced its quarterly results on Wednesday, February 9. The credit service provider reported EPS of $2.04 for the quarter, beating the Zacks consensus estimate of $1.79 by $0.25. Regional Management generated a net margin of 20.70% and a return on equity of 31.59%. The company posted revenue of $119.48 million for the quarter, versus analyst estimates of $116.84 million. In the same quarter of the previous year, the company had achieved EPS of $1.28. Analysts expect Regional Management to post 6.49 earnings per share for the current year.

In other Regional Management news, the CEO Robert William Beck sold 5,000 shares of the company in a trade on Tuesday, March 8. The stock was sold at an average price of $47.74, for a total transaction of $238,700.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available via this hyperlink. Additionally, Basswood Capital Management director L sold 2,367 shares of the company in a trade 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. Insiders hold 9.70% of the shares of the company.

A number of hedge funds and other institutional investors have recently increased or reduced their stakes in the company. Forager Capital Management LLC purchased a new stake in Regional Management during the fourth quarter at a value of $25,332,000. Nuveen Asset Management LLC increased its equity stake in Regional Management by 12.9% during the fourth quarter. Nuveen Asset Management LLC now owns 211,182 shares of the credit service provider worth $12,135,000 after purchasing an additional 24,151 shares last quarter. Acadian Asset Management LLC increased its equity stake in Regional Management by 11.7% during the fourth quarter. Acadian Asset Management LLC now owns 183,836 shares of the credit service provider worth $10,556,000 after purchasing an additional 19,221 shares last quarter. Khrom Capital Management LLC increased its equity stake in Regional Management by 12.2% during the fourth quarter. Khrom Capital Management LLC now owns 174,139 shares of the credit service provider worth $10,006,000 after buying an additional 19,000 shares last quarter. Finally, Geode Capital Management LLC increased its equity stake in Regional Management by 11.4% during the third quarter. Geode Capital Management LLC now owns 163,734 shares of the credit service provider worth $9,526,000 after purchasing an additional 16,691 shares last quarter. Hedge funds and other institutional investors own 89.95% of the company’s shares.

About regional management (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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