Regional Management (NYSE:RM) Major Shareholder Fund L.P. Forager Sells 300 Shares

Regional Management Corp. (NYSE:RM) major shareholder Fund L.P. Forager sold 300 shares of the firm’s stock in a transaction on Wednesday, January 7th. The shares were sold at an average price of $39.05, for a total value of $11,715.00. Following the sale, the insider directly owned 1,060,427 shares of the company’s stock, valued at approximately $41,409,674.35. This represents a 0.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 Friday, January 9th, Fund L.P. Forager sold 21,561 shares of Regional Management stock. The stock was 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 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 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 shares were sold at an average price of $38.93, for a total transaction of $310,194.24.

Regional Management Trading Up 0.4%

Shares of NYSE:RM opened at $39.15 on Friday. The company has a market cap of $380.13 million, a price-to-earnings ratio of 9.48 and a beta of 1.07. Regional Management Corp. has a 12 month low of $25.41 and a 12 month high of $46.00. The company has a 50-day moving average price of $38.49 and a 200-day moving average price of $37.91.

Regional Management (NYSE:RM) last posted its quarterly earnings data on Wednesday, November 5th. The credit services provider reported $1.42 earnings per share for the quarter, beating the consensus estimate of $1.39 by $0.03. The business had revenue of $165.49 million for 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%. As a group, research analysts forecast that Regional Management Corp. will post 4.7 EPS for the current fiscal year.

Regional Management Dividend Announcement

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

Institutional Trading of Regional Management

Several institutional investors have recently made changes to their positions in RM. Ameritas Investment Partners Inc. lifted its holdings 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. Wexford Capital LP bought a new stake in shares of Regional Management during the third quarter valued at approximately $32,000. Advisory Services Network LLC purchased a new position in shares of Regional Management in the third quarter worth $39,000. CWM LLC increased its holdings in 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 acquiring an additional 324 shares during the last quarter. Finally, BNP Paribas Financial Markets boosted its holdings in shares of Regional Management by 45.3% during 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 during the last quarter. Hedge funds and other institutional investors own 98.89% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on RM. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Regional Management in a report on Monday, December 29th. Zacks Research raised Regional Management from a “strong sell” rating to a “hold” rating in a research note on Monday, January 5th. Finally, Wall Street Zen raised Regional Management from a “buy” rating to a “strong-buy” rating in a research report on Saturday, January 3rd. Three analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has a consensus 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.