Insider Selling: Regional Management (NYSE:RM) Major Shareholder Sells 7,576 Shares of Stock

Regional Management Corp. (NYSE:RM) major shareholder Fund L.P. Forager sold 7,576 shares of the stock in a transaction that occurred on Tuesday, January 6th. The stock was sold at an average price of $38.88, for a total value of $294,554.88. Following the completion of the sale, the insider owned 1,060,727 shares of the company’s stock, valued at approximately $41,241,065.76. This trade represents a 0.71% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Fund L.P. Forager also recently made the following trade(s):

• On Monday, January 5th, Fund L.P. Forager sold 8,827 shares of Regional Management stock. The shares were sold at an average price of $40.09, for a total value of $353,874.43.
• On Friday, January 2nd, Fund L.P. Forager sold 7,968 shares of Regional Management stock. The shares were sold at an average price of $38.93, for a total value of $310,194.24.

Regional Management Stock Performance

RM stock traded down $0.85 on Tuesday, reaching $39.00. The company’s stock had a trading volume of 40,933 shares, compared to its average volume of 53,785. The firm has a market cap of $378.68 million, a PE ratio of 9.44 and a beta of 1.07. The business has a fifty day simple moving average of $38.50 and a two-hundred day simple moving average of $37.82. Regional Management Corp. has a 12-month low of $25.41 and a 12-month high of $46.00.

Regional Management (NYSE:RM) last issued its quarterly earnings data on Wednesday, November 5th. The credit services provider reported $1.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.39 by $0.03. Regional Management had a net margin of 6.57% and a return on equity of 11.43%. The business had revenue of $165.49 million for the quarter, compared to the consensus estimate of $162.84 million. As a group, research analysts anticipate that Regional Management Corp. will post 4.7 earnings per share for the current fiscal year.

Regional Management Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 16th. Investors of record on Tuesday, November 25th were given a dividend of $0.30 per share. The ex-dividend date was Tuesday, November 25th. This represents a $1.20 annualized dividend and a dividend yield of 3.1%. Regional Management’s payout ratio is currently 29.06%.

Wall Street Analyst Weigh In

Several analysts have weighed in on RM shares. Zacks Research cut Regional Management from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 6th. Weiss Ratings restated a “hold (c+)” rating on shares of Regional Management in a research report on Monday, December 29th. Finally, Wall Street Zen raised Regional Management from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Two analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Reduce” and an average target price of $30.00.

Hedge Funds Weigh In On Regional Management

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Tieton Capital Management LLC boosted its holdings in Regional Management by 18.6% in the second quarter. Tieton Capital Management LLC now owns 295,081 shares of the credit services provider’s stock worth $8,619,000 after acquiring an additional 46,380 shares in the last quarter. Acadian Asset Management LLC raised its position in shares of Regional Management by 83.0% in the 1st quarter. Acadian Asset Management LLC now owns 155,885 shares of the credit services provider’s stock worth $4,691,000 after purchasing an additional 70,721 shares during the last quarter. Goldman Sachs Group Inc. raised its position in shares of Regional Management by 45.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 194,374 shares of the credit services provider’s stock worth $5,853,000 after purchasing an additional 60,744 shares during the last quarter. Cubist Systematic Strategies LLC bought a new position in Regional Management in the 1st quarter worth about $271,000. Finally, Forager Capital Management LLC grew its position in Regional Management by 20.7% during the 2nd quarter. Forager Capital Management LLC now owns 1,085,098 shares of the credit services provider’s stock valued at $31,696,000 after purchasing an additional 186,072 shares during the last quarter. Institutional investors own 98.89% of the company’s stock.

Regional Management Company Profile

Regional Management Corp., headquartered in Wilmington, North Carolina, is a consumer finance company specializing in installment loan products for underbanked individuals. Since its founding in 1977, the company has developed a network of field-based branches alongside a digital platform to offer credit solutions in rural and small-town markets across the United States.

The company’s core offerings include consumer installment loans for everyday purchases, auto refinancing and lease buyouts, as well as ancillary services such as insurance referrals.