Regional Management (NYSE:RM) Major Shareholder Sells $709,624.26 in Stock

Regional Management Corp. (NYSE:RM) major shareholder Fund L.P. Forager sold 18,294 shares of the firm’s stock in a transaction that occurred on Thursday, January 8th. The stock was sold at an average price of $38.79, for a total transaction of $709,624.26. Following the sale, the insider directly owned 1,042,133 shares of the company’s stock, valued at approximately $40,424,339.07. This trade represents a 1.73% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

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

• 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 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 value 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 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 shares were sold at an average price of $38.93, for a total value of $310,194.24.

Regional Management Stock Up 0.4%

RM traded up $0.15 during trading hours on Friday, hitting $39.15. The stock had a trading volume of 64,904 shares, compared to its average volume of 46,281. Regional Management Corp. has a 1 year low of $25.41 and a 1 year high of $46.00. The company’s fifty day simple moving average is $38.49 and its 200 day simple moving average is $37.91. The stock has a market cap of $380.13 million, a PE ratio of 9.48 and a beta of 1.07.

Regional Management (NYSE:RM) last released its quarterly earnings data on Wednesday, November 5th. The credit services provider reported $1.42 EPS for the quarter, beating the consensus estimate of $1.39 by $0.03. The business 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 6.57% and a return on equity of 11.43%. As a group, equities analysts expect 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. Investors of record on Tuesday, November 25th were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Tuesday, November 25th. This represents a $1.20 dividend on an annualized basis and a yield of 3.1%. Regional Management’s dividend payout ratio is 29.06%.

Analysts Set New Price Targets

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

Institutional Investors Weigh In On Regional Management

A number of institutional investors and hedge funds have recently bought and sold shares of RM. Forager Capital Management LLC lifted its position in Regional Management by 20.7% during the second quarter. Forager Capital Management LLC now owns 1,085,098 shares of the credit services provider’s stock valued at $31,696,000 after purchasing an additional 186,072 shares during the last quarter. Hillsdale Investment Management Inc. purchased a new stake in shares of Regional Management during the 3rd quarter valued at $3,707,000. Acadian Asset Management LLC lifted its holdings in shares of Regional Management by 83.0% during the 1st quarter. Acadian Asset Management LLC now owns 155,885 shares of the credit services provider’s stock worth $4,691,000 after acquiring an additional 70,721 shares during the last quarter. Goldman Sachs Group Inc. grew its position in Regional Management by 45.5% in the first quarter. Goldman Sachs Group Inc. now owns 194,374 shares of the credit services provider’s stock worth $5,853,000 after acquiring an additional 60,744 shares in the last quarter. Finally, Tieton Capital Management LLC increased its stake in Regional Management by 18.6% in the second quarter. Tieton Capital Management LLC now owns 295,081 shares of the credit services provider’s stock valued at $8,619,000 after acquiring an additional 46,380 shares during the last quarter. 98.89% of the stock is owned by hedge funds and other institutional investors.

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.