Insider Selling: Regional Management (NYSE:RM) Major Shareholder Sells $294,554.88 in Stock

Regional Management Corp. (NYSE:RM) major shareholder Fund L.P. Forager sold 7,576 shares of the stock in a transaction on Tuesday, January 6th. The stock was sold at an average price of $38.88, for a total transaction of $294,554.88. Following the completion of the sale, the insider owned 1,060,727 shares in the company, valued at $41,241,065.76. The trade was a 0.71% decrease in their position. The transaction 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 stock 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 5th, Fund L.P. Forager sold 8,827 shares of Regional Management stock. The shares were sold at an average price of $40.09, for a total transaction of $353,874.43.
• On Friday, January 2nd, Fund L.P. Forager sold 7,968 shares of Regional Management stock. The stock was sold at an average price of $38.93, for a total value of $310,194.24.

Regional Management Stock Up 2.0%

Shares of RM stock opened at $38.97 on Friday. Regional Management Corp. has a 52-week low of $25.41 and a 52-week high of $46.00. The stock has a market cap of $378.44 million, a PE ratio of 9.44 and a beta of 1.07. The business has a 50-day simple moving average of $38.50 and a 200-day simple moving average of $37.83.

Regional Management (NYSE:RM) last posted its earnings results on Wednesday, November 5th. The credit services provider reported $1.42 EPS for the quarter, topping the consensus estimate of $1.39 by $0.03. The firm had revenue of $165.49 million for the quarter, compared to analyst estimates of $162.84 million. Regional Management had a return on equity of 11.43% and a net margin of 6.57%. Sell-side analysts anticipate that Regional Management Corp. will post 4.7 earnings per share for the current fiscal year.

Regional Management Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 16th. Stockholders of record on Tuesday, November 25th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend was Tuesday, November 25th. Regional Management’s payout ratio is 29.06%.

Institutional Investors Weigh In On Regional Management

A number of large investors have recently modified their holdings of RM. Wexford Capital LP purchased a new position in shares of Regional Management in the third quarter worth about $32,000. Ameritas Investment Partners Inc. lifted its stake in Regional Management by 41.1% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 947 shares of the credit services provider’s stock worth $28,000 after purchasing an additional 276 shares in the last quarter. Advisory Services Network LLC acquired a new position in shares of Regional Management during the 3rd quarter worth approximately $39,000. CWM LLC boosted its holdings in shares of Regional Management by 43.7% during the 3rd quarter. CWM LLC now owns 1,065 shares of the credit services provider’s stock worth $41,000 after purchasing an additional 324 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its position in shares of Regional Management by 45.3% in the third quarter. BNP Paribas Financial Markets now owns 2,077 shares of the credit services provider’s stock valued at $81,000 after purchasing an additional 648 shares in the last quarter. Hedge funds and other institutional investors own 98.89% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on RM. Zacks Research upgraded shares of Regional Management from a “strong sell” rating to a “hold” rating in a research report on Monday. Wall Street Zen upgraded Regional Management from a “buy” rating to a “strong-buy” rating in a research report on Saturday, January 3rd. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Regional Management in a research note on Monday, December 29th. Three investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Regional Management presently has an average rating of “Hold” and a consensus target price of $30.00.

Regional Management Company Profile

Regional Management Corp., headquartered in Wilmington, North Carolina, is a consumer finance company specializing in installment loan products for underbanked individuals. Since its founding in 1977, the company has developed a network of field-based branches alongside a digital platform to offer credit solutions in rural and small-town markets across the United States.

The company’s core offerings include consumer installment loans for everyday purchases, auto refinancing and lease buyouts, as well as ancillary services such as insurance referrals.