Regional Management Corp. $RM Shares Acquired by Forager Capital Management LLC

Forager Capital Management LLC boosted its stake in shares of Regional Management Corp. (NYSE:RM) by 20.7% during the 2nd quarter, Holdings Channel.com reports. The firm owned 1,085,098 shares of the credit services provider’s stock after acquiring an additional 186,072 shares during the period. Regional Management accounts for approximately 15.5% of Forager Capital Management LLC’s portfolio, making the stock its 2nd biggest position. Forager Capital Management LLC owned approximately 0.11% of Regional Management worth $31,696,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Ameritas Investment Partners Inc. increased its holdings in 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 buying an additional 276 shares during the last quarter. US Bancorp DE acquired a new position in Regional Management in the first quarter valued at $31,000. JPMorgan Chase & Co. raised its stake in Regional Management by 9.7% during the 2nd 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 last quarter. AQR Capital Management LLC purchased a new stake in shares of Regional Management during the first quarter worth approximately $201,000. Finally, Cubist Systematic Strategies LLC acquired a new stake in shares of Regional Management in the 1st quarter worth $271,000. 98.89% of the stock is owned by hedge funds and other institutional investors.

Regional Management Trading Up 1.6%

Shares of NYSE:RM opened at $37.46 on Wednesday. Regional Management Corp. has a 12-month low of $25.41 and a 12-month high of $46.00. The stock’s 50-day moving average price is $39.44 and its two-hundred day moving average price is $35.47. The firm has a market cap of $363.86 million, a price-to-earnings ratio of 10.80 and a beta of 1.25.

Regional Management (NYSE:RM) last posted its quarterly earnings results on Wednesday, November 5th. The credit services provider reported $1.42 earnings per share for the quarter, topping analysts’ consensus estimates of $1.39 by $0.03. The company had revenue of $165.49 million for the quarter, compared to the consensus estimate of $162.84 million. Regional Management had a net margin of 5.68% and a return on equity of 10.91%. As a group, research analysts forecast that Regional Management Corp. will post 4.7 earnings per share for the current fiscal year.

Regional Management Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 16th. Investors of record on Tuesday, November 25th will be issued a $0.30 dividend. The ex-dividend date is Tuesday, November 25th. This represents a $1.20 annualized dividend and a yield of 3.2%. Regional Management’s dividend payout ratio (DPR) is presently 29.06%.

Insider Buying and Selling at Regional Management

In related news, CAO Steven B. Barnette sold 1,640 shares of Regional Management stock in a transaction on Monday, November 24th. The shares were sold at an average price of $37.00, for a total transaction of $60,680.00. Following the transaction, the chief accounting officer owned 21,338 shares in the company, valued at approximately $789,506. The trade was a 7.14% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 10.80% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on RM shares. Wall Street Zen cut Regional Management from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Weiss Ratings reiterated a “hold (c+)” rating on shares of Regional Management in a research report on Monday. Finally, Zacks Research lowered shares of Regional Management from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 6th. Two research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus price target of $30.00.

Regional Management Profile

Regional Management Corp., a diversified consumer finance company, provides various installment loan products primarily to customers with limited access to consumer credit from banks, thrifts, credit card companies, and other lenders in the United States. It offers small and large installment loans; and retail loans to finance the purchase of furniture, appliances, and other retail products.