Regional Management (NYSE:RM) Major Shareholder Fund L.P. Forager Sells 500 Shares

Regional Management Corp. (NYSE:RM) major shareholder Fund L.P. Forager sold 500 shares of the firm’s stock in a transaction that occurred on Monday, January 12th. The stock was sold at an average price of $39.25, for a total transaction of $19,625.00. Following the completion of the transaction, the insider directly owned 1,020,072 shares in the company, valued at $40,037,826. This trade represents a 0.05% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Fund L.P. Forager also recently made the following trade(s):

• On Tuesday, January 13th, Fund L.P. Forager sold 809 shares of Regional Management stock. The stock was sold at an average price of $38.62, for a total value of $31,243.58.
• On Friday, January 9th, Fund L.P. Forager sold 21,561 shares of Regional Management stock. The shares were sold at an average price of $38.96, for a total transaction of $840,016.56.
• On Thursday, January 8th, Fund L.P. Forager sold 18,294 shares of Regional Management stock. The shares were sold at an average price of $38.79, for a total transaction of $709,624.26.
• On Wednesday, January 7th, Fund L.P. Forager sold 300 shares of Regional Management stock. The stock was sold at an average price of $39.05, for a total transaction of $11,715.00.
• On Tuesday, January 6th, Fund L.P. Forager sold 7,576 shares of Regional Management stock. The shares were sold at an average price of $38.88, for a total transaction of $294,554.88.
• On Monday, January 5th, Fund L.P. Forager sold 8,827 shares of Regional Management stock. The stock was 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 shares were sold at an average price of $38.93, for a total value of $310,194.24.

Regional Management Trading Down 1.1%

Regional Management stock traded down $0.44 during mid-day trading on Wednesday, hitting $37.97. The company’s stock had a trading volume of 47,147 shares, compared to its average volume of 45,837. The stock’s fifty day moving average is $38.37 and its two-hundred day moving average is $38.16. The firm has a market capitalization of $368.64 million, a PE ratio of 9.19 and a beta of 1.07. Regional Management Corp. has a 1 year low of $25.41 and a 1 year high of $46.00.

Regional Management (NYSE:RM) last released its quarterly earnings results on Wednesday, November 5th. The credit services provider reported $1.42 earnings per share for the quarter, topping analysts’ consensus estimates of $1.39 by $0.03. The business had revenue of $165.49 million during the quarter, compared to analysts’ expectations of $162.84 million. Regional Management had a return on equity of 11.43% and a net margin of 6.57%. On average, equities analysts expect that Regional Management Corp. will post 4.7 EPS for the current fiscal year.

Regional Management Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 16th. Investors of record on Tuesday, November 25th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 3.2%. The ex-dividend date was Tuesday, November 25th. Regional Management’s dividend payout ratio (DPR) is 29.06%.

Analysts Set New Price Targets

RM has been the topic of several research reports. Wall Street Zen raised Regional Management from a “buy” rating to a “strong-buy” rating in a research note on Saturday, January 3rd. Weiss Ratings reissued a “hold (c+)” rating on shares of Regional Management in a research report on Monday, December 29th. Finally, Zacks Research upgraded shares of Regional Management from a “strong sell” rating to a “hold” rating in a report on Monday, January 5th. Three investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Regional Management has a consensus rating of “Hold” and an average target price of $30.00.

Institutional Investors Weigh In On Regional Management

Several large investors have recently modified their holdings of RM. Tieton Capital Management LLC raised its stake in shares of Regional Management by 18.6% during the 2nd quarter. Tieton Capital Management LLC now owns 295,081 shares of the credit services provider’s stock worth $8,619,000 after buying an additional 46,380 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in Regional Management by 45.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 194,374 shares of the credit services provider’s stock valued at $5,853,000 after acquiring an additional 60,744 shares in the last quarter. Acadian Asset Management LLC raised its position in Regional Management by 5.2% during the second quarter. Acadian Asset Management LLC now owns 163,990 shares of the credit services provider’s stock worth $4,788,000 after acquiring an additional 8,105 shares during the last quarter. Forager Capital Management LLC raised its position in Regional Management by 20.7% during the second quarter. Forager Capital Management LLC now owns 1,085,098 shares of the credit services provider’s stock worth $31,696,000 after acquiring an additional 186,072 shares during the last quarter. Finally, Brandywine Global Investment Management LLC purchased a new stake in shares of Regional Management in the second quarter valued at about $388,000. 98.89% of the stock is owned by institutional investors and hedge funds.

About Regional Management

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.