Regional Management (NYSE:RM) Major Shareholder Fund L.P. Forager Sells 9,064 Shares

Regional Management Corp. (NYSE:RM) major shareholder Fund L.P. Forager sold 9,064 shares of the business’s stock in a transaction dated Wednesday, September 16th. The stock was sold at an average price of $32.19, for a total transaction of $291,770.16. Following the transaction, the insider owned 929,537 shares in the company, valued at $29,921,796.03. This represents a 0.97% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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 Thursday, September 17th, Fund L.P. Forager sold 10,401 shares of Regional Management stock. The shares were sold at an average price of $32.22, for a total transaction of $335,120.22.
• On Tuesday, September 15th, Fund L.P. Forager sold 9,857 shares of Regional Management stock. The shares were sold at an average price of $32.26, for a total transaction of $317,986.82.

Regional Management Trading Up 0.1%

Regional Management stock opened at $32.14 on Friday. The stock has a 50-day simple moving average of $35.60 and a 200 day simple moving average of $35.82. The stock has a market capitalization of $296.66 million, a P/E ratio of 6.77 and a beta of 1.00. The company has a debt-to-equity ratio of 4.41, a quick ratio of 64.04 and a current ratio of 64.04. Regional Management Corp. has a 52 week low of $30.46 and a 52 week high of $46.00.

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

Regional Management Dividend Announcement

The business also recently announced 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 payout ratio is presently 25.26%.

Institutional Trading of Regional Management

A number of institutional investors have recently bought and sold shares of the business. Man Group plc acquired a new position in shares of Regional Management during the 2nd quarter worth approximately $2,268,000. Tieton Capital Management LLC acquired a new stake in shares of Regional Management in the second quarter valued at approximately $13,112,000. BlackRock Inc. acquired a new stake in shares of Regional Management in the second quarter valued at approximately $47,514,000. Bank of New York Mellon Corp bought a new stake in shares of Regional Management in the second quarter valued at approximately $3,163,000. Finally, Globeflex Capital L P acquired a new stake in Regional Management during the second quarter worth approximately $1,428,000. Institutional investors own 98.89% of the company’s stock.

Analysts Set New Price Targets

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

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.