Regional Management (NYSE:RM) Major Shareholder Fund L.P. Forager Sells 809 Shares

Regional Management Corp. (NYSE:RM) major shareholder Fund L.P. Forager sold 809 shares of the firm’s stock in a transaction dated Tuesday, January 13th. The shares were sold at an average price of $38.62, for a total value of $31,243.58. Following the completion of the sale, the insider owned 1,019,263 shares of the company’s stock, valued at approximately $39,363,937.06. This represents a 0.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Large shareholders that own more than 10% 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 Monday, January 12th, Fund L.P. Forager sold 500 shares of Regional Management stock. The stock was sold at an average price of $39.25, for a total value of $19,625.00.
• On Friday, January 9th, Fund L.P. Forager sold 21,561 shares of Regional Management stock. The stock was sold at an average price of $38.96, for a total value of $840,016.56.
• 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 transaction 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 transaction 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 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.
• 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 Performance

Shares of NYSE RM opened at $37.97 on Thursday. The stock has a market cap of $368.64 million, a price-to-earnings ratio of 9.19 and a beta of 1.07. Regional Management Corp. has a fifty-two week low of $25.41 and a fifty-two week high of $46.00. The firm’s 50-day simple moving average is $38.37 and its 200 day simple moving average is $38.16.

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

Regional Management Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 16th. Shareholders of record on Tuesday, November 25th were paid a dividend of $0.30 per share. The ex-dividend date was Tuesday, November 25th. This represents a $1.20 annualized dividend and a yield of 3.2%. Regional Management’s dividend payout ratio (DPR) is 29.06%.

Institutional Trading of Regional Management

A number of large investors have recently added to or reduced their stakes in RM. Wexford Capital LP purchased a new position in Regional Management in the third quarter valued at about $32,000. Ameritas Investment Partners Inc. increased its stake in shares of Regional Management by 41.1% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 947 shares of the credit services provider’s stock worth $28,000 after purchasing an additional 276 shares during the last quarter. Advisory Services Network LLC bought a new stake in shares of Regional Management in the 3rd quarter worth approximately $39,000. CWM LLC lifted its stake in Regional Management by 43.7% in the third 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 lifted its stake 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 last quarter. Hedge funds and other institutional investors own 98.89% of the company’s stock.

Analyst Upgrades and Downgrades

RM has been the subject of several analyst reports. Zacks Research upgraded shares of Regional Management from a “strong sell” rating to a “hold” rating in a report on Monday, January 5th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Regional Management in a research 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 report on Saturday, January 3rd. Three investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, Regional Management presently 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.