Fund L.P. Forager Purchases 11,058 Shares of Regional Management Corp. (NYSE:RM) Stock

Regional Management Corp. (NYSE:RM) major shareholder Fund L.P. Forager acquired 11,058 shares of the stock in a transaction dated Monday, June 9th. The stock was acquired at an average cost of $27.73 per share, for a total transaction of $306,638.34. Following the purchase, the insider now directly owns 1,003,482 shares in the company, valued at approximately $27,826,555.86. The trade was a 1.11% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Major 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, June 11th, Fund L.P. Forager acquired 24 shares of Regional Management stock. The shares were bought at an average price of $29.05 per share, for a total transaction of $697.20.
• On Tuesday, June 10th, Fund L.P. Forager bought 12,754 shares of Regional Management stock. The stock was acquired at an average price of $28.20 per share, for a total transaction of $359,662.80.

Regional Management Price Performance

Regional Management stock opened at $29.03 on Thursday. Regional Management Corp. has a 52 week low of $25.41 and a 52 week high of $37.52. The business’s fifty day moving average is $29.21 and its two-hundred day moving average is $31.83. The firm has a market cap of $288.02 million, a P/E ratio of 6.98 and a beta of 1.17. The company has a debt-to-equity ratio of 3.94, a quick ratio of 44.42 and a current ratio of 44.42.

Regional Management (NYSE:RM) last released its earnings results on Wednesday, April 30th. The credit services provider reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.03. Regional Management had a net margin of 7.01% and a return on equity of 13.20%. The firm had revenue of $152.97 million during the quarter, compared to analyst estimates of $153.59 million. Equities research analysts forecast that Regional Management Corp. will post 4.7 earnings per share for the current fiscal year.

Regional Management Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 11th. Stockholders of record on Wednesday, May 21st were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 4.13%. The ex-dividend date was Wednesday, May 21st. Regional Management’s dividend payout ratio is 36.36%.

Institutional Investors Weigh In On Regional Management

A number of hedge funds and other institutional investors have recently bought and sold shares of RM. US Bancorp DE acquired a new position in Regional Management during the first quarter valued at approximately $31,000. Tower Research Capital LLC TRC boosted its holdings in shares of Regional Management by 49.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,019 shares of the credit services provider’s stock worth $35,000 after acquiring an additional 339 shares during the period. BNP Paribas Financial Markets increased its position in Regional Management by 16.2% during the 4th quarter. BNP Paribas Financial Markets now owns 2,162 shares of the credit services provider’s stock worth $73,000 after buying an additional 301 shares during the period. SG Americas Securities LLC lifted its holdings in shares of Regional Management by 38.0% during the fourth quarter. SG Americas Securities LLC now owns 4,425 shares of the credit services provider’s stock worth $150,000 after buying an additional 1,218 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Regional Management by 8.9% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,792 shares of the credit services provider’s stock valued at $163,000 after acquiring an additional 390 shares during the period. Institutional investors and hedge funds own 98.89% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on RM shares. Wall Street Zen downgraded shares of Regional Management from a “strong-buy” rating to a “buy” rating in a research report on Sunday, May 4th. Keefe, Bruyette & Woods cut their price target on Regional Management from $33.00 to $30.00 and set a “market perform” rating for the company in a report on Friday, May 2nd.

About Regional Management

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.