Regional Management Corp. (NYSE:RM) Major Shareholder Buys $355,746.30 in Stock

Regional Management Corp. (NYSE:RM) major shareholder Fund L.P. Forager purchased 12,246 shares of the business’s stock in a transaction on Thursday, June 12th. The shares were bought at an average price of $29.05 per share, for a total transaction of $355,746.30. Following the acquisition, the insider now owns 1,052,715 shares in the company, valued at $30,581,370.75. This trade represents a 1.18% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Fund L.P. Forager also recently made the following trade(s):

• On Wednesday, June 11th, Fund L.P. Forager acquired 24 shares of Regional Management stock. The shares were bought at an average cost of $29.05 per share, with a total value of $697.20.
• On Tuesday, June 10th, Fund L.P. Forager bought 12,754 shares of Regional Management stock. The stock was purchased at an average cost of $28.20 per share, for a total transaction of $359,662.80.
• On Monday, June 9th, Fund L.P. Forager purchased 11,058 shares of Regional Management stock. The shares were purchased at an average price of $27.73 per share, with a total value of $306,638.34.

Regional Management Stock Performance

Shares of RM opened at $27.80 on Thursday. The company has a market capitalization of $275.78 million, a price-to-earnings ratio of 8.42 and a beta of 1.17. Regional Management Corp. has a 52-week low of $25.41 and a 52-week high of $37.52. The company has a quick ratio of 45.13, a current ratio of 45.13 and a debt-to-equity ratio of 4.11. The stock has a 50 day moving average price of $29.08 and a 200 day moving average price of $31.74.

Regional Management (NYSE:RM) last issued its quarterly earnings data on Wednesday, April 30th. The credit services provider reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.03. Regional Management had a net margin of 5.53% and a return on equity of 10.57%. The business had revenue of $152.97 million during the quarter, compared to the consensus estimate of $153.59 million. Research analysts predict that Regional Management Corp. will post 4.7 EPS for the current fiscal year.

Regional Management Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 11th. Investors of record on Wednesday, May 21st were given a $0.30 dividend. The ex-dividend date was Wednesday, May 21st. This represents a $1.20 dividend on an annualized basis and a yield of 4.32%. Regional Management’s dividend payout ratio (DPR) is presently 36.36%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on RM. Keefe, Bruyette & Woods decreased their price objective on shares of Regional Management from $33.00 to $30.00 and set a “market perform” rating for the company in a research report on Friday, May 2nd. Wall Street Zen cut Regional Management from a “strong-buy” rating to a “buy” rating in a research note on Sunday, May 4th.

Hedge Funds Weigh In On Regional Management

Several large investors have recently bought and sold shares of RM. Proficio Capital Partners LLC acquired a new stake in shares of Regional Management in the 4th quarter valued at about $831,000. Pacific Global Investment Management Co. lifted its stake in Regional Management by 9.8% in the fourth quarter. Pacific Global Investment Management Co. now owns 7,433 shares of the credit services provider’s stock valued at $253,000 after buying an additional 665 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Regional Management by 2.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 50,359 shares of the credit services provider’s stock valued at $1,711,000 after acquiring an additional 992 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of Regional Management by 23.2% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 28,963 shares of the credit services provider’s stock valued at $984,000 after acquiring an additional 5,450 shares during the period. Finally, American Century Companies Inc. grew its position in shares of Regional Management by 4.2% during the fourth quarter. American Century Companies Inc. now owns 134,683 shares of the credit services provider’s stock worth $4,577,000 after acquiring an additional 5,433 shares during the last quarter. Institutional investors and hedge funds own 98.89% of the company’s stock.

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.