Insider Selling: Regional Management (NYSE:RM) Major Shareholder Sells 10,401 Shares

Regional Management Corp. (NYSE:RM) major shareholder Fund L.P. Forager sold 10,401 shares of the stock in a transaction dated Thursday, September 17th. The stock was sold at an average price of $32.22, for a total transaction of $335,120.22. Following the sale, the insider directly owned 919,136 shares in the company, valued at approximately $29,614,561.92. This represents a 1.12% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

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

• On Wednesday, September 16th, Fund L.P. Forager sold 9,064 shares of Regional Management stock. The stock was sold at an average price of $32.19, for a total value of $291,770.16.
• On Tuesday, September 15th, Fund L.P. Forager sold 9,857 shares of Regional Management stock. The stock was sold at an average price of $32.26, for a total value of $317,986.82.

Regional Management Stock Performance

Shares of NYSE RM traded up $0.02 during midday trading on Thursday, hitting $32.14. 44,783 shares of the company’s stock were exchanged, compared to its average volume of 70,101. Regional Management Corp. has a 12 month low of $30.46 and a 12 month high of $46.00. The company’s 50 day moving average price is $35.60 and its 200 day moving average price is $35.82. The company has a quick ratio of 64.04, a current ratio of 64.04 and a debt-to-equity ratio of 4.41. The firm has a market capitalization of $296.66 million, a PE ratio of 6.77 and a beta of 1.00.

Regional Management (NYSE:RM) last released its quarterly earnings results on Wednesday, July 29th. The credit services provider reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.04. The business had revenue of $168.01 million during the quarter, compared to analysts’ expectations of $165.69 million. Regional Management had a return on equity of 12.49% and a net margin of 6.98%.

Regional Management Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 16th. Investors of record on Wednesday, August 19th were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Wednesday, August 19th. This represents a $1.20 annualized dividend and a dividend yield of 3.7%. Regional Management’s dividend payout ratio (DPR) is 25.26%.

Institutional Investors Weigh In On Regional Management

Large investors have recently added to or reduced their stakes in the company. Legal & General Group Plc purchased a new position in shares of Regional Management during the second quarter valued at about $33,000. Algert Global LLC bought a new stake in Regional Management during the second quarter valued at approximately $209,000. Susquehanna Fundamental Investments LLC bought a new position in shares of Regional Management in the second quarter worth about $266,000. R Squared Ltd bought a new stake in Regional Management during the first quarter valued at about $212,000. Finally, Canada Pension Plan Investment Board bought a new stake in shares of Regional Management during the second quarter valued at approximately $284,000. Institutional investors own 98.89% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on RM. Citigroup reiterated a “market outperform” rating on shares of Regional Management in a research report on Thursday, July 30th. Citizens Jmp reduced their price objective on shares of Regional Management from $45.00 to $43.00 and set a “market outperform” rating on the stock in a research note on Thursday, July 30th. Wall Street Zen lowered Regional Management from a “buy” rating to a “hold” rating in a research report on Sunday, August 9th. Finally, Weiss Ratings cut shares of Regional Management from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, August 7th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $43.00.

Regional Management Company Profile

Regional Management Corp. is a specialty consumer finance company that provides credit products to customers who may have limited access to traditional bank financing. The company operates primarily through its Regional Finance branch network and focuses on serving non-prime consumers.

Its principal products include small and large installment loans, generally used for personal, household and other consumer purposes. Regional Management may also offer optional credit-related insurance and ancillary products in connection with its loans, subject to applicable laws and regulations.

Founded in 1987 and headquartered in Greer, South Carolina, the company serves customers across a network of branches concentrated in the southeastern and southwestern United States.