Regional Management Corp. (NYSE:RM) Major Shareholder Fund L.P. Forager Sells 7,555 Shares

Regional Management Corp. (NYSE:RM) major shareholder Fund L.P. Forager sold 7,555 shares of the business’s stock in a transaction on Wednesday, January 8th. The shares were sold at an average price of $32.80, for a total value of $247,804.00. Following the completion of the transaction, the insider now owns 1,043,618 shares of the company’s stock, valued at $34,230,670.40. This trade represents a 0.72 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through 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 Friday, January 10th, Fund L.P. Forager sold 597 shares of Regional Management stock. The shares were sold at an average price of $32.23, for a total value of $19,241.31.
• 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 transaction of $209,626.90.
• On Thursday, January 2nd, Fund L.P. Forager sold 5,300 shares of Regional Management stock. The stock was sold at an average price of $33.50, for a total transaction of $177,550.00.

Regional Management Trading Down 3.8 %

NYSE RM traded down $1.26 during mid-day trading on Friday, hitting $31.53. The company’s stock had a trading volume of 38,554 shares, compared to its average volume of 44,142. The company has a debt-to-equity ratio of 3.94, a current ratio of 44.42 and a quick ratio of 44.42. Regional Management Corp. has a 52-week low of $20.50 and a 52-week high of $35.24. The stock’s fifty day simple moving average is $32.07 and its two-hundred day simple moving average is $31.14. The firm has a market capitalization of $320.44 million, a P/E ratio of 13.25 and a beta of 1.50.

Regional Management Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 11th. Investors of record on Thursday, November 21st were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $1.20 dividend on an annualized basis and a yield of 3.81%. Regional Management’s dividend payout ratio (DPR) is 50.42%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in RM. Tieton Capital Management LLC grew its holdings in Regional Management by 94.1% during the 2nd quarter. Tieton Capital Management LLC now owns 207,390 shares of the credit services provider’s stock valued at $5,960,000 after purchasing an additional 100,560 shares in the last quarter. Renaissance Technologies LLC grew its stake in shares of Regional Management by 0.9% during the second quarter. Renaissance Technologies LLC now owns 201,537 shares of the credit services provider’s stock valued at $5,792,000 after acquiring an additional 1,800 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Regional Management by 3.4% during the third quarter. Geode Capital Management LLC now owns 191,823 shares of the credit services provider’s stock worth $6,276,000 after acquiring an additional 6,288 shares during the last quarter. State Street Corp lifted its stake in shares of Regional Management by 0.6% in the third quarter. State Street Corp now owns 152,572 shares of the credit services provider’s stock worth $4,991,000 after acquiring an additional 971 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its stake in Regional Management by 5.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 111,610 shares of the credit services provider’s stock valued at $3,208,000 after purchasing an additional 5,588 shares in the last quarter. 98.89% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Stephens initiated coverage on Regional Management in a report on Wednesday, November 13th. They set an “overweight” rating and a $38.00 price objective for the company.

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.