Regional Management (NYSE:RM) Major Shareholder Fund L.P. Forager Sells 18,294 Shares

Regional Management Corp. (NYSE:RM) major shareholder Fund L.P. Forager sold 18,294 shares of the business’s stock in a transaction that occurred on Thursday, January 8th. The stock was sold at an average price of $38.79, for a total value of $709,624.26. Following the transaction, the insider owned 1,042,133 shares in the company, valued at $40,424,339.07. The trade was a 1.73% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 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 Friday, January 9th, Fund L.P. Forager sold 21,561 shares of Regional Management stock. The stock was sold at an average price of $38.96, for a total value of $840,016.56.
• On Wednesday, January 7th, Fund L.P. Forager sold 300 shares of Regional Management stock. The stock was sold at an average price of $39.05, for a total value of $11,715.00.
• On Tuesday, January 6th, Fund L.P. Forager sold 7,576 shares of Regional Management stock. The stock was sold at an average price of $38.88, for a total transaction of $294,554.88.
• On Monday, January 5th, Fund L.P. Forager sold 8,827 shares of Regional Management stock. The shares were sold at an average price of $40.09, for a total transaction of $353,874.43.
• On Friday, January 2nd, Fund L.P. Forager sold 7,968 shares of Regional Management stock. The stock was sold at an average price of $38.93, for a total transaction of $310,194.24.

Regional Management Price Performance

Shares of NYSE:RM opened at $39.15 on Friday. Regional Management Corp. has a 12 month low of $25.41 and a 12 month high of $46.00. The firm has a market capitalization of $380.13 million, a price-to-earnings ratio of 9.48 and a beta of 1.07. The business’s 50 day simple moving average is $38.49 and its 200-day simple moving average is $37.91.

Regional Management (NYSE:RM) last posted its earnings results on Wednesday, November 5th. The credit services provider reported $1.42 earnings per share for the quarter, beating the consensus estimate of $1.39 by $0.03. Regional Management had a return on equity of 11.43% and a net margin of 6.57%.The company had revenue of $165.49 million for the quarter, compared to analyst estimates of $162.84 million. On average, equities analysts anticipate that Regional Management Corp. will post 4.7 earnings per share for the current year.

Regional Management Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 16th. Stockholders of record on Tuesday, November 25th were given a $0.30 dividend. The ex-dividend date was Tuesday, November 25th. This represents a $1.20 annualized dividend and a dividend yield of 3.1%. Regional Management’s dividend payout ratio is currently 29.06%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Zacks Research upgraded Regional Management from a “strong sell” rating to a “hold” rating in a report on Monday, January 5th. Wall Street Zen upgraded Regional Management from a “buy” rating to a “strong-buy” rating in a research report on Saturday, January 3rd. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Regional Management in a report on Monday, December 29th. Three research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $30.00.

Hedge Funds Weigh In On Regional Management

Several institutional investors have recently added to or reduced their stakes in RM. Forager Capital Management LLC boosted its stake in Regional Management by 20.7% in the 2nd quarter. Forager Capital Management LLC now owns 1,085,098 shares of the credit services provider’s stock worth $31,696,000 after buying an additional 186,072 shares during the last quarter. Hillsdale Investment Management Inc. purchased a new position in shares of Regional Management during the 3rd quarter worth about $3,707,000. Acadian Asset Management LLC boosted its position in shares of Regional Management by 83.0% in the first quarter. Acadian Asset Management LLC now owns 155,885 shares of the credit services provider’s stock worth $4,691,000 after acquiring an additional 70,721 shares during the last quarter. Goldman Sachs Group Inc. increased its position in Regional Management by 45.5% during the first quarter. Goldman Sachs Group Inc. now owns 194,374 shares of the credit services provider’s stock worth $5,853,000 after purchasing an additional 60,744 shares during the last quarter. Finally, Tieton Capital Management LLC raised its stake in Regional Management by 18.6% during the second quarter. Tieton Capital Management LLC now owns 295,081 shares of the credit services provider’s stock worth $8,619,000 after purchasing an additional 46,380 shares during the period. 98.89% of the stock is currently owned by institutional investors and hedge funds.

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.