Insider Selling: Regional Management (NYSE:RM) Major Shareholder Sells $310,194.24 in Stock

Regional Management Corp. (NYSE:RM) major shareholder Fund L.P. Forager sold 7,968 shares of the firm’s stock in a transaction dated Friday, January 2nd. The shares were sold at an average price of $38.93, for a total value of $310,194.24. Following the completion of the transaction, the insider owned 1,077,130 shares in the company, valued at approximately $41,932,670.90. This represents a 0.73% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

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

• 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 transaction of $294,554.88.
• On Monday, January 5th, Fund L.P. Forager sold 8,827 shares of Regional Management stock. The stock was sold at an average price of $40.09, for a total transaction of $353,874.43.

Regional Management Price Performance

RM opened at $38.97 on Friday. The firm has a 50 day simple moving average of $38.50 and a 200 day simple moving average of $37.83. Regional Management Corp. has a fifty-two week low of $25.41 and a fifty-two week high of $46.00. The company has a market cap of $378.44 million, a price-to-earnings ratio of 9.44 and a beta of 1.07.

Regional Management (NYSE:RM) last announced 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. The firm had revenue of $165.49 million for the quarter, compared to analysts’ expectations of $162.84 million. Regional Management had a net margin of 6.57% and a return on equity of 11.43%. As a group, analysts expect that Regional Management Corp. will post 4.7 EPS for the current year.

Regional Management Announces Dividend

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

Institutional Investors Weigh In On Regional Management

Several hedge funds have recently bought and sold shares of the stock. Ameritas Investment Partners Inc. grew its position in shares of Regional Management by 41.1% in the second quarter. Ameritas Investment Partners Inc. now owns 947 shares of the credit services provider’s stock valued at $28,000 after purchasing an additional 276 shares during the last quarter. CWM LLC grew 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 buying an additional 324 shares in the last quarter. Royal Bank of Canada lifted its holdings in shares of Regional Management by 2.4% during the first quarter. Royal Bank of Canada now owns 16,200 shares of the credit services provider’s stock worth $487,000 after buying an additional 375 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Regional Management by 9.7% in the second quarter. JPMorgan Chase & Co. now owns 4,824 shares of the credit services provider’s stock valued at $141,000 after acquiring an additional 425 shares during the period. Finally, Rhumbline Advisers grew its stake in shares of Regional Management by 3.6% in the third quarter. Rhumbline Advisers now owns 13,455 shares of the credit services provider’s stock valued at $524,000 after acquiring an additional 467 shares in the last quarter. 98.89% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

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.