Short Interest in Regional Management Corp (NYSE:RM) Decreases By 7.5%

Regional Management Corp (NYSE:RM) saw a significant decline in short interest in July. As of July 31st, there was short interest totalling 369,300 shares, a decline of 7.5% from the June 30th total of 399,200 shares. Based on an average daily trading volume, of 54,500 shares, the short-interest ratio is currently 6.8 days. Currently, 3.4% of the shares of the stock are short sold.

Shares of RM traded up $0.27 during mid-day trading on Friday, reaching $27.23. 22,192 shares of the company’s stock traded hands, compared to its average volume of 57,980. The stock has a market cap of $311.15 million, a P/E ratio of 8.59 and a beta of 0.93. The stock’s 50-day moving average is $26.16 and its two-hundred day moving average is $25.83. Regional Management has a 12 month low of $22.90 and a 12 month high of $35.37. The company has a debt-to-equity ratio of 2.44, a current ratio of 48.69 and a quick ratio of 48.69.

Regional Management (NYSE:RM) last released its earnings results on Wednesday, July 31st. The credit services provider reported $0.70 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.05. The firm had revenue of $84.27 million for the quarter, compared to analysts’ expectations of $80.50 million. Regional Management had a return on equity of 13.37% and a net margin of 10.59%. Research analysts predict that Regional Management will post 3.43 earnings per share for the current year.

In related news, COO John D. Schachtel acquired 4,000 shares of the firm’s stock in a transaction on Monday, August 12th. The shares were acquired at an average cost of $27.46 per share, for a total transaction of $109,840.00. Following the completion of the transaction, the chief operating officer now directly owns 26,378 shares in the company, valued at approximately $724,339.88. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Michael R. Dunn sold 10,256 shares of the company’s stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $28.01, for a total value of $287,270.56. Following the sale, the director now owns 92,451 shares in the company, valued at $2,589,552.51. The disclosure for this sale can be found here. Over the last quarter, insiders purchased 208,101 shares of company stock worth $5,227,891 and sold 26,524 shares worth $726,507. 9.50% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in RM. Bank of Montreal Can grew its stake in Regional Management by 203.4% in the second quarter. Bank of Montreal Can now owns 1,174 shares of the credit services provider’s stock worth $31,000 after purchasing an additional 787 shares in the last quarter. BNP Paribas Arbitrage SA boosted its position in Regional Management by 210.7% during the 1st quarter. BNP Paribas Arbitrage SA now owns 1,948 shares of the credit services provider’s stock valued at $48,000 after acquiring an additional 1,321 shares in the last quarter. Metropolitan Life Insurance Co. NY boosted its position in Regional Management by 358.8% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 3,845 shares of the credit services provider’s stock valued at $92,000 after acquiring an additional 3,007 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Regional Management during the 2nd quarter valued at $276,000. Finally, Public Employees Retirement System of Ohio boosted its position in Regional Management by 5.0% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 19,187 shares of the credit services provider’s stock valued at $506,000 after acquiring an additional 917 shares in the last quarter. 90.46% of the stock is currently owned by hedge funds and other institutional investors.

A number of brokerages have issued reports on RM. Janney Montgomery Scott upgraded Regional Management from a “neutral” rating to a “buy” rating in a research report on Thursday, May 9th. ValuEngine upgraded Regional Management from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 1st. Finally, Zacks Investment Research cut Regional Management from a “buy” rating to a “hold” rating in a research note on Friday. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $31.80.

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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