Fund L.P. Forager Sells 500 Shares of Regional Management (NYSE:RM) Stock

Regional Management Corp. (NYSE:RM) major shareholder Fund L.P. Forager sold 500 shares of the company’s stock in a transaction that occurred on Monday, January 12th. The stock was sold at an average price of $39.25, for a total value of $19,625.00. Following the completion of the transaction, the insider owned 1,020,072 shares of the company’s stock, valued at $40,037,826. The trade was a 0.05% decrease in their ownership of the stock. The transaction 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 Tuesday, January 13th, Fund L.P. Forager sold 809 shares of Regional Management stock. The shares were sold at an average price of $38.62, for a total transaction of $31,243.58.
• 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 transaction 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 shares were 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 stock was 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 shares were 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 shares were sold at an average price of $38.93, for a total value of $310,194.24.

Regional Management Trading Down 0.5%

NYSE:RM opened at $38.00 on Friday. The company has a market capitalization of $368.98 million, a P/E ratio of 9.20 and a beta of 1.07. Regional Management Corp. has a 12 month low of $25.41 and a 12 month high of $46.00. The business’s 50-day moving average is $38.39 and its 200 day moving average is $38.16.

Regional Management (NYSE:RM) last released its quarterly earnings results on Wednesday, November 5th. The credit services provider reported $1.42 earnings per share for the quarter, beating 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 business had revenue of $165.49 million during the quarter, compared to analysts’ expectations of $162.84 million. On average, research analysts forecast that Regional Management Corp. will post 4.7 earnings per share for the current year.

Regional Management Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 16th. Investors of record on Tuesday, November 25th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 3.2%. The ex-dividend date was Tuesday, November 25th. Regional Management’s payout ratio is currently 29.06%.

Analysts Set New Price Targets

A number of equities analysts have commented on RM shares. Weiss Ratings reissued a “hold (c+)” rating on shares of Regional Management in a research note on Monday, December 29th. Wall Street Zen raised shares of Regional Management from a “buy” rating to a “strong-buy” rating in a report on Saturday, January 3rd. Finally, Zacks Research upgraded Regional Management from a “strong sell” rating to a “hold” rating in a research report on Monday, January 5th. Three equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Regional Management presently has an average rating of “Hold” and an average target price of $30.00.

Institutional Investors Weigh In On Regional Management

Several institutional investors have recently made changes to their positions in the company. Allspring Global Investments Holdings LLC boosted its stake in shares of Regional Management by 8.4% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 10,718 shares of the credit services provider’s stock worth $421,000 after purchasing an additional 831 shares during the period. SG Americas Securities LLC purchased a new stake in Regional Management in the 4th quarter worth about $112,000. Advisory Services Network LLC purchased a new position in shares of Regional Management during the third quarter valued at approximately $39,000. Jacobs Levy Equity Management Inc. boosted its position in shares of Regional Management by 17.8% during the third quarter. Jacobs Levy Equity Management Inc. now owns 70,086 shares of the credit services provider’s stock valued at $2,731,000 after buying an additional 10,595 shares during the period. Finally, Wexford Capital LP bought a new position in shares of Regional Management during the third quarter valued at approximately $32,000. Institutional investors own 98.89% of the company’s stock.

About Regional Management

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.