Regional Management Corp. (NYSE:RM) Major Shareholder Sells $701,466.85 in Stock

Regional Management Corp. (NYSE:RM) major shareholder Fund L.P. Forager sold 21,805 shares of the business’s stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $32.17, for a total value of $701,466.85. Following the completion of the transaction, the insider now directly owns 1,021,216 shares of the company’s stock, valued at approximately $32,852,518.72. The trade was a 2.09 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Major shareholders that own 10% or more 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 Wednesday, January 15th, Fund L.P. Forager sold 16,219 shares of Regional Management stock. The shares were sold at an average price of $34.21, for a total value of $554,851.99.
• On Friday, January 10th, Fund L.P. Forager sold 597 shares of Regional Management stock. The stock was sold at an average price of $32.23, for a total transaction of $19,241.31.
• On Wednesday, January 8th, Fund L.P. Forager sold 7,555 shares of Regional Management stock. The shares were sold at an average price of $32.80, for a total value of $247,804.00.
• On Monday, January 6th, Fund L.P. Forager sold 6,265 shares of Regional Management stock. The stock was sold at an average price of $33.46, for a total value of $209,626.90.
• On Thursday, January 2nd, Fund L.P. Forager sold 5,300 shares of Regional Management stock. The shares were sold at an average price of $33.50, for a total value of $177,550.00.

Regional Management Stock Up 3.5 %

Shares of NYSE:RM traded up $1.15 during midday trading on Wednesday, reaching $34.43. The company had a trading volume of 92,521 shares, compared to its average volume of 55,225. Regional Management Corp. has a 1-year low of $20.50 and a 1-year high of $35.24. The stock has a market cap of $349.91 million, a PE ratio of 14.47 and a beta of 1.50. The company has a quick ratio of 44.42, a current ratio of 44.42 and a debt-to-equity ratio of 3.94. The business’s 50 day moving average price is $32.26 and its 200 day moving average price is $31.30.

Regional Management Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 11th. Stockholders of record on Thursday, November 21st were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 3.49%. The ex-dividend date of this dividend was Thursday, November 21st. Regional Management’s payout ratio is presently 50.42%.

Analyst Ratings Changes

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

Hedge Funds Weigh In On Regional Management

Several hedge funds and other institutional investors have recently made changes to their positions in RM. Tieton Capital Management LLC lifted its stake in 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 valued at $5,960,000 after acquiring an additional 100,560 shares during the last quarter. Renaissance Technologies LLC raised its holdings in shares of Regional Management by 0.9% in the 2nd quarter. Renaissance Technologies LLC now owns 201,537 shares of the credit services provider’s stock valued at $5,792,000 after purchasing an additional 1,800 shares during the period. Geode Capital Management LLC lifted its stake in Regional Management by 3.4% in 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 purchasing an additional 6,288 shares during the last quarter. State Street Corp grew its holdings in Regional Management by 0.6% during the third quarter. State Street Corp now owns 152,572 shares of the credit services provider’s stock worth $4,991,000 after purchasing an additional 971 shares during the period. Finally, American Century Companies Inc. increased its position in Regional Management by 18.5% during the second quarter. American Century Companies Inc. now owns 106,773 shares of the credit services provider’s stock worth $3,069,000 after buying an additional 16,683 shares during the last quarter. 98.89% of the stock is owned by institutional investors.

Regional Management Company Profile

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.