Fund L.P. Forager Sells 18,294 Shares of Regional Management (NYSE:RM) Stock

Regional Management Corp. (NYSE:RM) major shareholder Fund L.P. Forager sold 18,294 shares of the firm’s stock in a transaction dated Thursday, January 8th. The stock was sold at an average price of $38.79, for a total transaction of $709,624.26. Following the transaction, the insider owned 1,042,133 shares of the company’s stock, valued at approximately $40,424,339.07. This represents a 1.73% decrease in their position. The sale was disclosed in a document filed 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 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 value of $840,016.56.
• 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 value of $11,715.00.
• On Tuesday, January 6th, Fund L.P. Forager sold 7,576 shares of Regional Management stock. The stock was sold at an average price of $38.88, for a total value of $294,554.88.
• 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 value 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 Performance

Shares of NYSE RM opened at $39.15 on Friday. Regional Management Corp. has a 52-week low of $25.41 and a 52-week high of $46.00. The business has a fifty day moving average of $38.49 and a two-hundred day moving average of $37.98. The stock has a market cap of $380.24 million, a PE ratio of 9.48 and a beta of 1.07.

Regional Management (NYSE:RM) last announced its earnings results on Wednesday, November 5th. The credit services provider reported $1.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.39 by $0.03. Regional Management had a net margin of 6.57% and a return on equity of 11.43%. The business had revenue of $165.49 million during the quarter, compared to analysts’ expectations of $162.84 million. Analysts predict that Regional Management Corp. will post 4.7 earnings per share for the current 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 paid a $0.30 dividend. The ex-dividend date was Tuesday, November 25th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.1%. Regional Management’s payout ratio is 29.06%.

Hedge Funds Weigh In On Regional Management

Several large investors have recently made changes to their positions in the company. Ameritas Investment Partners Inc. boosted its holdings in Regional Management by 41.1% in the second quarter. Ameritas Investment Partners Inc. now owns 947 shares of the credit services provider’s stock valued at $28,000 after acquiring an additional 276 shares during the last quarter. CWM LLC lifted its position in Regional Management by 43.7% during the 3rd quarter. CWM LLC now owns 1,065 shares of the credit services provider’s stock valued at $41,000 after purchasing an additional 324 shares during the period. Royal Bank of Canada boosted its stake in shares of Regional Management by 2.4% in the 1st quarter. Royal Bank of Canada now owns 16,200 shares of the credit services provider’s stock valued at $487,000 after purchasing an additional 375 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Regional Management by 9.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 4,824 shares of the credit services provider’s stock valued at $141,000 after purchasing an additional 425 shares during the last quarter. Finally, Rhumbline Advisers boosted its stake in shares of Regional Management by 3.6% in the 3rd quarter. Rhumbline Advisers now owns 13,455 shares of the credit services provider’s stock valued at $524,000 after purchasing an additional 467 shares during the last quarter. Institutional investors and hedge funds own 98.89% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. Wall Street Zen upgraded Regional Management from a “buy” rating to a “strong-buy” rating in a research report on Saturday, January 3rd. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Regional Management in a report on Monday, December 29th. Finally, Zacks Research raised 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 presently has an average rating of “Hold” and a consensus price target 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.