Fund L.P. Forager Sells 9,857 Shares of Regional Management (NYSE:RM) Stock

Regional Management Corp. (NYSE:RM) major shareholder Fund L.P. Forager sold 9,857 shares of the business’s stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $32.26, for a total transaction of $317,986.82. Following the transaction, the insider directly owned 938,601 shares of the company’s stock, valued at approximately $30,279,268.26. This represents a 1.04% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Major shareholders that own 10% or more 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 Thursday, September 17th, Fund L.P. Forager sold 10,401 shares of Regional Management stock. The stock was sold at an average price of $32.22, for a total transaction of $335,120.22.
• 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 transaction of $291,770.16.

Regional Management Stock Down 2.2%

Shares of NYSE:RM opened at $31.39 on Friday. The firm has a fifty day moving average price of $35.36 and a two-hundred day moving average price of $35.79. The company has a debt-to-equity ratio of 4.41, a current ratio of 64.04 and a quick ratio of 64.04. Regional Management Corp. has a one year low of $30.46 and a one year high of $45.73. The company has a market cap of $289.68 million, a price-to-earnings ratio of 6.61 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 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.04. The firm had revenue of $168.01 million during the quarter, compared to analyst estimates of $165.69 million. Regional Management had a net margin of 6.98% and a return on equity of 12.49%.

Regional Management Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 16th. Investors of record on Wednesday, August 19th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 3.8%. The ex-dividend date was Wednesday, August 19th. Regional Management’s payout ratio is presently 25.26%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on RM. Citigroup reaffirmed a “market outperform” rating on shares of Regional Management in a report on Thursday, July 30th. Weiss Ratings lowered Regional Management from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, August 7th. Citizens Jmp lowered their target price 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. Finally, Wall Street Zen lowered shares of Regional Management from a “buy” rating to a “hold” rating in a research report on Sunday, August 9th. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, Regional Management currently has a consensus rating of “Moderate Buy” and a consensus target price of $43.00.

Institutional Investors Weigh In On Regional Management

A number of large investors have recently added to or reduced their stakes in the company. BlackRock Inc. bought a new stake in Regional Management during the second quarter worth about $47,514,000. Basswood Capital Management L.L.C. bought a new position in shares of Regional Management during the 2nd quarter valued at about $35,244,000. LSV Asset Management increased its position in shares of Regional Management by 7.7% during the 4th quarter. LSV Asset Management now owns 338,832 shares of the credit services provider’s stock valued at $13,130,000 after purchasing an additional 24,232 shares during the last quarter. Tieton Capital Management LLC purchased a new position in shares of Regional Management during the 2nd quarter valued at about $13,112,000. Finally, Sei Investments Co. raised its holdings in shares of Regional Management by 117.9% during the 1st quarter. Sei Investments Co. now owns 157,151 shares of the credit services provider’s stock valued at $5,068,000 after buying an additional 85,040 shares in the last quarter. Hedge funds and other institutional investors own 98.89% of the company’s stock.

About Regional Management

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.