Regional Management (NYSE:RM) Major Shareholder Fund L.P. Forager Sells 300 Shares

Regional Management Corp. (NYSE:RM) major shareholder Fund L.P. Forager sold 300 shares of Regional Management stock in a transaction on Wednesday, January 7th. The shares were sold at an average price of $39.05, for a total transaction of $11,715.00. Following the completion of the sale, the insider owned 1,060,427 shares in the company, valued at approximately $41,409,674.35. This trade represents a 0.03% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Large shareholders that own more than 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 Friday, January 9th, Fund L.P. Forager sold 21,561 shares of Regional Management stock. The shares were sold at an average price of $38.96, for a total transaction of $840,016.56.
• On Thursday, January 8th, Fund L.P. Forager sold 18,294 shares of Regional Management stock. The stock was sold at an average price of $38.79, for a total transaction of $709,624.26.
• 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 Price Performance

RM traded up $0.15 on Friday, hitting $39.15. The company had a trading volume of 64,904 shares, compared to its average volume of 46,281. Regional Management Corp. has a 52-week low of $25.41 and a 52-week high of $46.00. The firm has a market capitalization of $380.13 million, a P/E ratio of 9.48 and a beta of 1.07. The stock has a fifty day simple moving average of $38.49 and a 200-day simple moving average of $37.91.

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

Regional Management Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 16th. Investors of record on Tuesday, November 25th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 3.1%. The ex-dividend date was Tuesday, November 25th. Regional Management’s dividend payout ratio (DPR) is presently 29.06%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Ameritas Investment Partners Inc. grew its holdings in shares of Regional Management by 41.1% during 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. Wexford Capital LP bought a new position in Regional Management in the 3rd quarter valued at approximately $32,000. Advisory Services Network LLC purchased a new stake in Regional Management during the 3rd quarter valued at $39,000. CWM LLC increased its holdings in shares of 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 in the last quarter. Finally, BNP Paribas Financial Markets increased its holdings in shares of Regional Management by 45.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,077 shares of the credit services provider’s stock worth $81,000 after purchasing an additional 648 shares in the last quarter. Institutional investors own 98.89% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on RM shares. 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. Zacks Research upgraded Regional Management from a “strong sell” rating to a “hold” rating in a research note on Monday. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Regional Management in a research report on Monday, December 29th. Three research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $30.00.

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.