The stock analysts at TheStreet decreased their rating for Regional Management (NYSE: RM) from “b-” to “c+” according to data that TheStreetRatingsTable gave in a research note that was published on Wednesday. Regarding RM, a significant increase in the number of scholarly articles has also taken place. In addition, Keefe, Bruyette & Woods disclosed in a research note that was made public on July 11 that they had decreased their target price on Regional Management stock from $53.00 to $41.00. The research note was published on the same day. Finally, in a research note released on Friday, August 5, BMO Capital Markets indicated that they would be dropping their target price for Regional Management shares from $58.00 to $52.00. This change was made in response to recent market events. As of the Wednesday morning trading session, one share of RM stock could be purchased for $29.77.
The value of 3.96 is assigned to the debt-to-equity ratio, the value of 42.38 is given to the quick ratio, and the value of 42.38 is allocated to the current ratio. The price of regional management has varied widely over the preceding twelve months, going anywhere from $29.69 to $67.60 on average. The company is estimated to be worth $287.88 million, possesses a price-to-earnings ratio of 3.69, and has a beta value of 1.42. The stock’s moving averages for the last 50 and 200 days are currently lying at $36.68 and $41.60, respectively. One of the directors at Basswood Capital Management, L, sold a total of 12,652 shares of the company’s stock on the trading day that was August 11. The shares were sold for a total amount of revenue of $488,493.72, with an average price of $38.61 obtained for each share sold. Following the completion of the transaction, the director has accumulated a total of 822,554 shares of the company’s stock, which has an approximate value of $31,758,809.94 at present. On the Securities and Exchange Commission (SEC) website, you can currently see the information concerning the sale that was submitted to the SEC. One of the directors at Basswood Capital Management, L, sold a total of 12,652 shares of the company’s stock on the trading day that was August 11.
The shares were sold for a total amount of revenue of $488,493.72, with an average price of $38.61 obtained for each share sold. Following the completion of the transaction, the director has accumulated a total of 822,554 shares of the company’s stock, which has an approximate value of $31,758,809.94 at present. On the Securities and Exchange Commission (SEC) website, you can currently see the information concerning the sale that was submitted to the SEC.
Philip V. Bancroft, the firm’s director, purchased 6,500 shares of the company’s stock on Friday, August 19. Additionally, Bancroft purchased these shares. A total of $251,875.00 was spent on the purchase of the stock, which resulted in an average price of $38.75 per share paid for the transaction. As a direct consequence of the transaction, the director now directly holds 29,605 business shares, the total value of which is about $1,147,193.75, which brings the total number of shares directly owned by the director to 29,605. You should look in this spot if you are looking for the disclosure that pertains to this transaction. Business insiders were responsible for the selling of 58,052 shares of company stock during the most recent fiscal period, which resulted in a total value of $2,187,208. Company insiders own 8.90% of the total shares now outstanding in the corporation.
In recent months, hedge funds and other institutional investors have been among corporate shares’ most active purchasers and sellers. During the first three months of 2018, IndexIQ Advisors LLC spent about 420,000 dollars to acquire an additional shareholding in Regional Management. Over the first three months of 2018, Russell Investments Group Ltd. increased the proportion of its holdings comprised of regional management by 37.1 percent. Since the beginning of the most recent quarter, Russell Investments Group Ltd. has purchased an additional 5,454 stock held by the credit services provider. This brings the total number of shares it owns to 20,160, with an equivalent value of $977,000. The value of Assenagon Asset Management SA’s stake in Regional Management increased by 18.6% over the first three months of 2018. Assenagon Asset Management SA now has 39,328 stocks held by the credit services provider after purchasing an additional 6,174 shares during the most recent quarter. The stock has a total value of $1,910,000 after Assenagon Asset Management SA purchased these shares. Martingale Asset Management LP increased its Regional Management investment by 9.7 percentage points over the first three months of 2018. Following the quarter’s conclusion, Martingale Asset Management LP boosted its shareholdings in the company that provides credit services by 1,761, bringing the total number of shares it owns to 19,880, with a market value of $966,000.
Last but certainly not least, during the final three months of 2018, Khrom Capital Management LLC boosted the proportion of its holdings that were allocated to regional management by 12.2%. Khrom Capital Management LLC now has 174,139 shares of the credit services provider’s stock, with a market value of $10,000,000. This is because the company made an extra purchase of 19,000 shares during the quarter. Institutional investors and hedge funds own 82.76% of the company’s total shares, making them the biggest stockholders in the company.
Customers in the United States who have limited access to consumer credit from financial institutions such as banks, thrifts, credit card companies, and other lenders are the primary target market for the variety of installment loan products offered by the diversified consumer finance company known as Regional Management Corp. These customers are the primary target market for these products because they have limited access to consumer credit from these financial institutions. It is possible to receive both small and large installment loans, in addition to retail loans, which can be used to assist in the financing of the purchase of retail items such as furniture, appliances, and other commodities. Retail loans can also be obtained.