Insider Selling: Regional Management (NYSE:RM) Major Shareholder Sells 21,561 Shares of Stock

Regional Management Corp. (NYSE:RM) major shareholder Fund L.P. Forager sold 21,561 shares of the business’s stock in a transaction that occurred on Friday, January 9th. The stock was sold at an average price of $38.96, for a total value of $840,016.56. Following the sale, the insider owned 1,020,572 shares of the company’s stock, valued at approximately $39,761,485.12. This trade represents a 2.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

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

• On Thursday, January 8th, Fund L.P. Forager sold 18,294 shares of Regional Management stock. The shares were sold at an average price of $38.79, for a total value of $709,624.26.
• On Wednesday, January 7th, Fund L.P. Forager sold 300 shares of Regional Management stock. The stock was sold at an average price of $39.05, for a total value of $11,715.00.
• On Tuesday, January 6th, Fund L.P. Forager sold 7,576 shares of Regional Management stock. The shares were sold at an average price of $38.88, for a total value of $294,554.88.
• 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 stock was sold at an average price of $38.93, for a total transaction of $310,194.24.

Regional Management Stock Up 0.4%

Shares of Regional Management stock traded up $0.15 during trading hours on Friday, reaching $39.15. 64,904 shares of the company’s stock were exchanged, compared to its average volume of 46,281. The business has a fifty day moving average of $38.49 and a two-hundred day moving average of $37.91. The company has a market capitalization of $380.13 million, a P/E ratio of 9.48 and a beta of 1.07. Regional Management Corp. has a 1 year low of $25.41 and a 1 year high of $46.00.

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

Regional Management Announces Dividend

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

Wall Street Analyst Weigh In

A number of equities analysts recently commented on RM shares. Zacks Research upgraded Regional Management from a “strong sell” rating to a “hold” rating in a research report on Monday. Weiss Ratings reissued a “hold (c+)” rating on shares of Regional Management in a research report on Monday, December 29th. Finally, Wall Street Zen upgraded shares of Regional Management from a “buy” rating to a “strong-buy” rating in a research report on Saturday, January 3rd. Three investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Regional Management presently has a consensus rating of “Hold” and an average target price of $30.00.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Ameritas Investment Partners Inc. boosted its stake in Regional Management by 41.1% during the second quarter. Ameritas Investment Partners Inc. now owns 947 shares of the credit services provider’s stock worth $28,000 after buying an additional 276 shares during the period. Wexford Capital LP acquired a new position in shares of Regional Management in the 3rd quarter worth approximately $32,000. Advisory Services Network LLC purchased a new position in shares of Regional Management during the 3rd quarter worth approximately $39,000. CWM LLC increased its holdings in Regional Management by 43.7% in the 3rd quarter. CWM LLC now owns 1,065 shares of the credit services provider’s stock valued at $41,000 after purchasing an additional 324 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its position in Regional Management by 45.3% in the third quarter. BNP Paribas Financial Markets now owns 2,077 shares of the credit services provider’s stock valued at $81,000 after purchasing an additional 648 shares during the period. Institutional investors and hedge funds 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.