Insider Selling: Regional Management Corp. (NYSE:RM) Major Shareholder Sells 6,265 Shares of Stock

Regional Management Corp. (NYSE:RM) major shareholder Fund L.P. Forager sold 6,265 shares of the stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $33.46, for a total transaction of $209,626.90. Following the completion of the transaction, the insider now owns 1,054,205 shares in the company, valued at $35,273,699.30. The trade was a 0.59 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at 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 Thursday, January 2nd, Fund L.P. Forager sold 5,300 shares of Regional Management stock. The stock was sold at an average price of $33.50, for a total value of $177,550.00.

Regional Management Stock Performance

RM opened at $32.86 on Thursday. The company has a 50 day simple moving average of $31.99 and a two-hundred day simple moving average of $31.12. The company has a debt-to-equity ratio of 3.94, a current ratio of 44.42 and a quick ratio of 44.42. The firm has a market cap of $333.96 million, a P/E ratio of 13.81 and a beta of 1.50. Regional Management Corp. has a 1-year low of $20.50 and a 1-year high of $35.24.

Regional Management Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 11th. Investors of record on Thursday, November 21st were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 3.65%. The ex-dividend date of this dividend was Thursday, November 21st. Regional Management’s dividend payout ratio is currently 50.42%.

Institutional Investors Weigh In On Regional Management

A number of institutional investors have recently bought and sold shares of the business. Tieton Capital Management LLC boosted its stake in shares of Regional Management by 94.1% in the second quarter. Tieton Capital Management LLC now owns 207,390 shares of the credit services provider’s stock worth $5,960,000 after acquiring an additional 100,560 shares during the period. Renaissance Technologies LLC boosted its stake in Regional Management by 0.9% in the 2nd quarter. Renaissance Technologies LLC now owns 201,537 shares of the credit services provider’s stock worth $5,792,000 after purchasing an additional 1,800 shares during the period. Geode Capital Management LLC grew its holdings in Regional Management by 3.4% during the 3rd quarter. Geode Capital Management LLC now owns 191,823 shares of the credit services provider’s stock valued at $6,276,000 after buying an additional 6,288 shares in the last quarter. State Street Corp raised its position in shares of Regional Management by 0.6% during the third quarter. State Street Corp now owns 152,572 shares of the credit services provider’s stock valued at $4,991,000 after buying an additional 971 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Regional Management by 5.3% in the second quarter. Bank of New York Mellon Corp now owns 111,610 shares of the credit services provider’s stock worth $3,208,000 after buying an additional 5,588 shares in the last quarter. Hedge funds and other institutional investors own 98.89% of the company’s stock.

Analysts Set New Price Targets

Separately, Stephens assumed coverage on Regional Management in a report on Wednesday, November 13th. They set an “overweight” rating and a $38.00 price target for the company.

About Regional Management

Regional Management Corp., a diversified consumer finance company, provides various installment loan products primarily to customers with limited access to consumer credit from banks, thrifts, credit card companies, and other lenders in the United States. It offers small and large installment loans; and retail loans to finance the purchase of furniture, appliances, and other retail products.