Fund L.P. Forager Sells 597 Shares of Regional Management Corp. (NYSE:RM) Stock

Regional Management Corp. (NYSE:RM) major shareholder Fund L.P. Forager sold 597 shares of Regional Management stock in a transaction on Friday, January 10th. The shares were sold at an average price of $32.23, for a total value of $19,241.31. Following the completion of the transaction, the insider now directly owns 1,043,021 shares of the company’s stock, valued at $33,616,566.83. This represents a 0.06 % decrease in their ownership of the stock. The sale was disclosed in a 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 Wednesday, January 8th, Fund L.P. Forager sold 7,555 shares of Regional Management stock. The stock was sold at an average price of $32.80, for a total value of $247,804.00.
• 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 shares were sold at an average price of $33.50, for a total transaction of $177,550.00.

Regional Management Price Performance

NYSE RM traded down $1.26 during trading on Friday, hitting $31.53. 38,554 shares of the company’s stock were exchanged, compared to its average volume of 44,142. The company has a market cap of $320.44 million, a PE ratio of 13.25 and a beta of 1.50. The company has a current ratio of 44.42, a quick ratio of 44.42 and a debt-to-equity ratio of 3.94. Regional Management Corp. has a fifty-two week low of $20.50 and a fifty-two week high of $35.24. The stock’s 50 day moving average price is $32.07 and its two-hundred day moving average price is $31.14.

Regional Management Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 11th. Investors of record on Thursday, November 21st were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 3.81%. The ex-dividend date was Thursday, November 21st. Regional Management’s payout ratio is 50.42%.

Wall Street Analysts Forecast Growth

Separately, Stephens started coverage on shares of Regional Management in a research note on Wednesday, November 13th. They issued an “overweight” rating and a $38.00 price objective on the stock.

Institutional Trading of Regional Management

A number of hedge funds and other institutional investors have recently modified their holdings of RM. Bank of New York Mellon Corp increased its position in Regional Management by 5.3% in 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 acquiring an additional 5,588 shares during the period. Rhumbline Advisers increased its holdings in Regional Management by 3.9% in the second quarter. Rhumbline Advisers now owns 12,430 shares of the credit services provider’s stock valued at $357,000 after purchasing an additional 463 shares during the period. American Century Companies Inc. raised its position in Regional Management by 18.5% during the 2nd quarter. American Century Companies Inc. now owns 106,773 shares of the credit services provider’s stock worth $3,069,000 after purchasing an additional 16,683 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in Regional Management by 0.9% during the 2nd quarter. Renaissance Technologies LLC now owns 201,537 shares of the credit services provider’s stock worth $5,792,000 after buying an additional 1,800 shares during the period. Finally, Tieton Capital Management LLC grew its position in shares of Regional Management by 94.1% in 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 buying an additional 100,560 shares during the last quarter. Institutional investors 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.