Regional Management Corp. (NYSE:RM) Major Shareholder Sells $177,550.00 in Stock

Regional Management Corp. (NYSE:RM) major shareholder Fund L.P. Forager sold 5,300 shares of the firm’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $33.50, for a total transaction of $177,550.00. Following the completion of the transaction, the insider now directly owns 1,080,802 shares of the company’s stock, valued at approximately $36,206,867. The trade was a 0.49 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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 6th, Fund L.P. Forager sold 6,265 shares of Regional Management stock. The shares were sold at an average price of $33.46, for a total value of $209,626.90.

Regional Management Stock Down 1.9 %

NYSE RM traded down $0.65 during trading hours on Monday, reaching $33.25. 46,942 shares of the company’s stock traded hands, compared to its average volume of 51,247. The company has a debt-to-equity ratio of 3.94, a current ratio of 44.42 and a quick ratio of 44.42. The firm has a 50-day simple moving average of $31.75 and a 200 day simple moving average of $31.03. Regional Management Corp. has a 52-week low of $20.50 and a 52-week high of $35.24. The firm has a market cap of $337.92 million, a PE ratio of 13.97 and a beta of 1.50.

Regional Management Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 11th. Shareholders of record on Thursday, November 21st were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 3.61%. The ex-dividend date of this dividend was Thursday, November 21st. Regional Management’s dividend payout ratio (DPR) is 50.42%.

Analyst Ratings Changes

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

Hedge Funds Weigh In On Regional Management

Several large investors have recently modified their holdings of the stock. JPMorgan Chase & Co. raised its holdings in Regional Management by 15.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,233 shares of the credit services provider’s stock worth $138,000 after acquiring an additional 572 shares during the last quarter. Barclays PLC grew its stake in shares of Regional Management by 73.4% during the 3rd quarter. Barclays PLC now owns 23,416 shares of the credit services provider’s stock valued at $766,000 after purchasing an additional 9,910 shares during the period. Geode Capital Management LLC raised its position in Regional Management by 3.4% in 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 period. State Street Corp increased 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 worth $4,991,000 after purchasing an additional 971 shares in the last quarter. Finally, PDT Partners LLC purchased a new stake in shares of Regional Management in the 3rd quarter worth $213,000. Hedge funds and other 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.