Regional Management (NYSE:RM) Major Shareholder Sells $31,243.58 in Stock

Regional Management Corp. (NYSE:RM) major shareholder Fund L.P. Forager sold 809 shares of Regional Management stock in a transaction dated Tuesday, January 13th. The stock was sold at an average price of $38.62, for a total value of $31,243.58. Following the sale, the insider directly owned 1,019,263 shares in the company, valued at approximately $39,363,937.06. This trade represents a 0.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

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

• On Monday, January 12th, Fund L.P. Forager sold 500 shares of Regional Management stock. The stock was sold at an average price of $39.25, for a total value of $19,625.00.
• 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 value 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 value of $709,624.26.
• On Wednesday, January 7th, Fund L.P. Forager sold 300 shares of Regional Management stock. The stock was 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 shares were 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 stock was sold at an average price of $38.93, for a total transaction of $310,194.24.

Regional Management Stock Down 1.3%

NYSE RM opened at $37.54 on Friday. Regional Management Corp. has a twelve month low of $25.41 and a twelve month high of $46.00. The stock has a market cap of $364.58 million, a P/E ratio of 9.09 and a beta of 1.07. The company’s 50-day simple moving average is $38.41 and its 200 day simple moving average is $38.22.

Regional Management (NYSE:RM) last announced its quarterly earnings results on Wednesday, November 5th. The credit services provider reported $1.42 EPS for the quarter, topping analysts’ consensus estimates of $1.39 by $0.03. Regional Management had a net margin of 6.57% and a return on equity of 11.43%. The firm had revenue of $165.49 million during the quarter, compared to analysts’ expectations of $162.84 million. Research analysts anticipate that Regional Management Corp. will post 4.7 earnings per share for the current year.

Regional Management Announces Dividend

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

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On Regional Management

A number of hedge funds have recently added to or reduced their stakes in the stock. Ameritas Investment Partners Inc. increased its position in Regional Management by 41.1% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 947 shares of the credit services provider’s stock valued at $28,000 after acquiring an additional 276 shares in the last quarter. Wexford Capital LP acquired a new stake in shares of Regional Management in the third quarter valued at approximately $32,000. Advisory Services Network LLC acquired a new stake in shares of Regional Management in the third quarter valued at approximately $39,000. CWM LLC raised its position in Regional Management by 43.7% in the 3rd quarter. CWM LLC now owns 1,065 shares of the credit services provider’s stock worth $41,000 after purchasing an additional 324 shares during the last quarter. Finally, BNP Paribas Financial Markets lifted its holdings in Regional Management by 45.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,077 shares of the credit services provider’s stock worth $81,000 after buying an additional 648 shares in the last quarter. 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.