Fund L.P. Forager Sells 16,219 Shares of Regional Management Corp. (NYSE:RM) Stock

Regional Management Corp. (NYSE:RM) major shareholder Fund L.P. Forager sold 16,219 shares of the stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $34.21, for a total transaction of $554,851.99. Following the completion of the sale, the insider now directly owns 990,894 shares of the company’s stock, valued at approximately $33,898,483.74. This trade represents a 1.61 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 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 Monday, January 13th, Fund L.P. Forager sold 21,805 shares of Regional Management stock. The stock was sold at an average price of $32.17, for a total value of $701,466.85.
• 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 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 value 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 Stock Performance

NYSE RM opened at $34.97 on Friday. 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 1-year low of $20.50 and a 1-year high of $35.24. The business has a 50 day simple moving average of $32.29 and a two-hundred day simple moving average of $31.32. The stock has a market capitalization of $355.24 million, a PE ratio of 14.69 and a beta of 1.50.

Regional Management Announces Dividend

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 $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 3.43%. The ex-dividend date was Thursday, November 21st. Regional Management’s dividend payout ratio is presently 50.42%.

Hedge Funds Weigh In On Regional Management

Several institutional investors have recently bought and sold shares of RM. Rhumbline Advisers raised its position in shares of Regional Management by 3.9% during the 2nd quarter. Rhumbline Advisers now owns 12,430 shares of the credit services provider’s stock valued at $357,000 after buying an additional 463 shares in the last quarter. JPMorgan Chase & Co. raised its position in Regional Management by 15.6% during the third quarter. JPMorgan Chase & Co. now owns 4,233 shares of the credit services provider’s stock valued at $138,000 after purchasing an additional 572 shares during the period. State Street Corp lifted its stake in shares of Regional Management by 0.6% in the 3rd quarter. State Street Corp now owns 152,572 shares of the credit services provider’s stock valued at $4,991,000 after purchasing an additional 971 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Regional Management by 0.9% in the 2nd quarter. Renaissance Technologies LLC now owns 201,537 shares of the credit services provider’s stock worth $5,792,000 after purchasing an additional 1,800 shares during the period. Finally, Empowered Funds LLC increased its position in shares of Regional Management by 5.1% during the 3rd quarter. Empowered Funds LLC now owns 41,649 shares of the credit services provider’s stock valued at $1,362,000 after purchasing an additional 2,010 shares during the last quarter. Institutional investors own 98.89% of the company’s stock.

Analyst Upgrades and Downgrades

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