Fund L.P. Forager Sells 7,173 Shares of Regional Management (NYSE:RM) Stock

Regional Management Corp. (NYSE:RM) major shareholder Fund L.P. Forager sold 7,173 shares of the business’s stock in a transaction that occurred on Friday, April 17th. The shares were sold at an average price of $38.56, for a total transaction of $276,590.88. Following the transaction, the insider directly owned 974,263 shares of the company’s stock, valued at $37,567,581.28. The trade was a 0.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Major 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 Tuesday, April 21st, Fund L.P. Forager sold 5,788 shares of Regional Management stock. The shares were sold at an average price of $40.18, for a total transaction of $232,561.84.
• On Monday, April 20th, Fund L.P. Forager sold 15,000 shares of Regional Management stock. The shares were sold at an average price of $39.68, for a total transaction of $595,200.00.
• On Thursday, April 16th, Fund L.P. Forager sold 12,827 shares of Regional Management stock. The shares were sold at an average price of $38.48, for a total transaction of $493,582.96.
• On Wednesday, April 15th, Fund L.P. Forager sold 17,602 shares of Regional Management stock. The shares were sold at an average price of $38.06, for a total transaction of $669,932.12.
• On Tuesday, April 14th, Fund L.P. Forager sold 7,398 shares of Regional Management stock. The shares were sold at an average price of $38.02, for a total transaction of $281,271.96.

Regional Management Stock Performance

Shares of RM traded down $1.54 during mid-day trading on Tuesday, hitting $38.23. 49,123 shares of the company traded hands, compared to its average volume of 60,168. The company has a debt-to-equity ratio of 4.40, a quick ratio of 49.92 and a current ratio of 49.92. The stock has a 50-day moving average price of $33.72 and a two-hundred day moving average price of $36.74. Regional Management Corp. has a 1 year low of $26.06 and a 1 year high of $46.00. The stock has a market cap of $356.64 million, a price-to-earnings ratio of 8.59 and a beta of 1.03.

Regional Management (NYSE:RM) last released its quarterly earnings data on Wednesday, February 4th. The credit services provider reported $1.30 earnings per share for the quarter, beating the consensus estimate of $1.23 by $0.07. Regional Management had a net margin of 6.88% and a return on equity of 12.12%. The firm had revenue of ($165.49) million during the quarter, compared to analysts’ expectations of $167.90 million.

Regional Management Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 12th. Stockholders of record on Thursday, February 19th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend was Thursday, February 19th. Regional Management’s payout ratio is presently 26.97%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on RM. Weiss Ratings restated a “hold (c+)” rating on shares of Regional Management in a research report on Monday, December 29th. Wall Street Zen lowered shares of Regional Management from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 7th. Finally, Zacks Research upgraded shares of Regional Management from a “strong sell” rating to a “hold” rating in a research report on Monday, January 5th. Three equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $30.00.

Institutional Trading of Regional Management

Several large investors have recently added to or reduced their stakes in the business. CWM LLC grew its position in Regional Management by 43.7% during the third quarter. CWM LLC now owns 1,065 shares of the credit services provider’s stock valued at $41,000 after buying an additional 324 shares during the period. Russell Investments Group Ltd. grew its position in Regional Management by 9.9% during the fourth quarter. Russell Investments Group Ltd. now owns 3,876 shares of the credit services provider’s stock valued at $150,000 after buying an additional 350 shares during the period. Royal Bank of Canada grew its position in Regional Management by 2.4% during the first quarter. Royal Bank of Canada now owns 16,200 shares of the credit services provider’s stock valued at $487,000 after buying an additional 375 shares during the period. JPMorgan Chase & Co. grew its position in Regional Management by 9.7% during the second quarter. JPMorgan Chase & Co. now owns 4,824 shares of the credit services provider’s stock valued at $141,000 after buying an additional 425 shares during the period. Finally, First Trust Advisors LP boosted its position in shares of Regional Management by 1.6% in the fourth quarter. First Trust Advisors LP now owns 28,006 shares of the credit services provider’s stock worth $1,085,000 after purchasing an additional 436 shares during the period. 98.89% of the stock is currently owned by 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.