Fund L.P. Forager Sells 15,000 Shares of Regional Management (NYSE:RM) Stock

Regional Management Corp. (NYSE:RM) major shareholder Fund L.P. Forager sold 15,000 shares of the business’s stock in a transaction on Monday, April 20th. The shares were sold at an average price of $39.68, for a total transaction of $595,200.00. Following the completion of the sale, the insider directly owned 959,263 shares in the company, valued at $38,063,555.84. This represents a 1.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Large shareholders that own at least 10% 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 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 Friday, April 17th, Fund L.P. Forager sold 7,173 shares of Regional Management stock. The shares were 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 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 Trading Up 3.5%

RM opened at $39.60 on Thursday. The stock has a market capitalization of $369.51 million, a P/E ratio of 8.90 and a beta of 1.03. Regional Management Corp. has a 12 month low of $26.06 and a 12 month high of $46.00. The firm’s fifty day simple moving average is $33.90 and its 200 day simple moving average is $36.76. The company has a current ratio of 49.92, a quick ratio of 49.92 and a debt-to-equity ratio of 4.40.

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

Regional Management Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 12th. Investors of record on Thursday, February 19th were given a $0.30 dividend. 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%.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Weiss Ratings reissued a “hold (c+)” rating on shares of Regional Management in a research report on Monday, December 29th. Zacks Research raised shares of Regional Management from a “strong sell” rating to a “hold” rating in a research report on Monday, January 5th. Finally, Wall Street Zen cut shares of Regional Management from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 7th. Three investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $30.00.

Institutional Investors Weigh In On Regional Management

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. State of Alaska Department of Revenue bought a new stake in Regional Management during the 4th quarter worth about $25,000. Wexford Capital LP bought a new stake in Regional Management during the 3rd quarter worth about $32,000. Advisory Services Network LLC bought a new stake in Regional Management during the 3rd quarter worth about $39,000. CWM LLC raised its holdings in shares of Regional Management by 43.7% in the 3rd quarter. CWM LLC now owns 1,065 shares of the credit services provider’s stock valued at $41,000 after purchasing an additional 324 shares during the period. Finally, Kestra Advisory Services LLC bought a new stake in shares of Regional Management in the 4th quarter valued at about $49,000. 98.89% of the stock is 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.