Fund L.P. Forager Sells 21,561 Shares of Regional Management (NYSE:RM) Stock

Regional Management Corp. (NYSE:RM) major shareholder Fund L.P. Forager sold 21,561 shares of the company’s stock in a transaction that occurred on Friday, January 9th. The shares were sold at an average price of $38.96, for a total value of $840,016.56. Following the completion of the transaction, the insider owned 1,020,572 shares in the company, valued at $39,761,485.12. This represents a 2.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Major shareholders that own 10% or more 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 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 value of $709,624.26.
• On Wednesday, January 7th, Fund L.P. Forager sold 300 shares of Regional Management stock. The shares were 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 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 transaction of $310,194.24.

Regional Management Price Performance

Shares of RM stock opened at $39.15 on Friday. Regional Management Corp. has a 1-year low of $25.41 and a 1-year high of $46.00. The firm has a market cap of $380.24 million, a PE ratio of 9.48 and a beta of 1.07. The company has a 50-day moving average of $38.49 and a two-hundred day moving average of $37.98.

Regional Management (NYSE:RM) last issued its quarterly earnings data 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 net margin of 6.57% and a return on equity of 11.43%. Sell-side analysts anticipate that Regional Management Corp. will post 4.7 EPS for the current fiscal year.

Regional Management Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 16th. Stockholders of record on Tuesday, November 25th were given 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 was Tuesday, November 25th. Regional Management’s dividend payout ratio (DPR) is currently 29.06%.

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On Regional Management

A number of hedge funds have recently bought and sold shares of RM. Ameritas Investment Partners Inc. grew its position in shares of Regional Management by 41.1% during the second quarter. Ameritas Investment Partners Inc. now owns 947 shares of the credit services provider’s stock worth $28,000 after buying an additional 276 shares in the last quarter. Wexford Capital LP acquired a new position in Regional Management during the 3rd quarter worth approximately $32,000. Advisory Services Network LLC purchased a new stake in shares of Regional Management in the 3rd quarter valued at approximately $39,000. CWM LLC increased its position in shares of Regional Management by 43.7% in 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 last quarter. Finally, BNP Paribas Financial Markets raised its holdings in shares of Regional Management by 45.3% in the 3rd 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. Institutional investors and hedge funds own 98.89% of the company’s stock.

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.