Fund L.P. Forager Sells 5,788 Shares of Regional Management (NYSE:RM) Stock

Regional Management Corp. (NYSE:RM) major shareholder Fund L.P. Forager sold 5,788 shares of Regional Management stock in a transaction that occurred on Tuesday, April 21st. The stock was sold at an average price of $40.18, for a total transaction of $232,561.84. Following the completion of the transaction, the insider directly owned 953,475 shares in the company, valued at approximately $38,310,625.50. The trade was a 0.60% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

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

• On Monday, April 20th, Fund L.P. Forager sold 15,000 shares of Regional Management stock. The stock was sold at an average price of $39.68, for a total transaction of $595,200.00.
• On Friday, April 17th, Fund L.P. Forager sold 7,173 shares of Regional Management stock. The stock was sold at an average price of $38.56, for a total transaction of $276,590.88.
• On Thursday, April 16th, Fund L.P. Forager sold 12,827 shares of Regional Management stock. The stock was 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 stock was 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 stock was sold at an average price of $38.02, for a total transaction of $281,271.96.

Regional Management Stock Up 3.5%

Shares of Regional Management stock opened at $39.60 on Thursday. The firm’s 50 day moving average price is $33.90 and its 200-day moving average price is $36.76. The company has a quick ratio of 49.92, a current ratio of 49.92 and a debt-to-equity ratio of 4.40. Regional Management Corp. has a 52-week low of $26.06 and a 52-week high of $46.00. The company has a market cap of $369.51 million, a P/E ratio of 8.90 and a beta of 1.03.

Regional Management (NYSE:RM) last issued its quarterly earnings data on Wednesday, February 4th. The credit services provider reported $1.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $167.90 million.

Regional Management Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 12th. Shareholders of record on Thursday, February 19th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend was Thursday, February 19th. Regional Management’s payout ratio is currently 26.97%.

Institutional Trading of Regional Management

Large investors have recently bought and sold shares of the stock. State of Alaska Department of Revenue acquired a new stake in Regional Management during the 4th quarter valued at approximately $25,000. Wexford Capital LP acquired a new stake in Regional Management during the 3rd quarter valued at approximately $32,000. Advisory Services Network LLC acquired a new stake in Regional Management during the 3rd quarter valued at approximately $39,000. CWM LLC lifted its stake in Regional Management by 43.7% during the 3rd quarter. CWM LLC now owns 1,065 shares of the credit services provider’s stock valued at $41,000 after acquiring an additional 324 shares during the period. Finally, Kestra Advisory Services LLC acquired a new stake in Regional Management during the 4th quarter valued at approximately $49,000. Hedge funds and other institutional investors own 98.89% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on RM. Wall Street Zen downgraded shares of Regional Management from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 7th. Weiss Ratings reissued a “hold (c+)” rating on shares of Regional Management in a research report on Monday, December 29th. Finally, Zacks Research raised shares of Regional Management from a “strong sell” rating to a “hold” rating in a research report on Monday, January 5th. Three investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target 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.