Regional Management Corp. (NYSE:RM) Major Shareholder Fund L.P. Forager Sells 597 Shares of Stock

Regional Management Corp. (NYSE:RM) major shareholder Fund L.P. Forager sold 597 shares of the company’s stock in a transaction on Friday, January 10th. The stock was sold at an average price of $32.23, for a total transaction of $19,241.31. Following the transaction, the insider now owns 1,043,021 shares of the company’s stock, valued at approximately $33,616,566.83. The trade was a 0.06 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Major 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 Wednesday, January 8th, Fund L.P. Forager sold 7,555 shares of Regional Management stock. The stock was sold at an average price of $32.80, for a total transaction of $247,804.00.
• On Monday, January 6th, Fund L.P. Forager sold 6,265 shares of Regional Management stock. The shares were sold at an average price of $33.46, for a total value of $209,626.90.
• On Thursday, January 2nd, Fund L.P. Forager sold 5,300 shares of Regional Management stock. The stock was sold at an average price of $33.50, for a total value of $177,550.00.

Regional Management Trading Down 3.8 %

Shares of RM opened at $31.53 on Friday. The firm’s 50-day moving average is $32.07 and its two-hundred day moving average is $31.14. Regional Management Corp. has a twelve month low of $20.50 and a twelve month high of $35.24. The company has a current ratio of 44.42, a quick ratio of 44.42 and a debt-to-equity ratio of 3.94. The firm has a market capitalization of $320.44 million, a P/E ratio of 13.25 and a beta of 1.50.

Regional Management Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 11th. Investors of record on Thursday, November 21st were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 3.81%. The ex-dividend date was Thursday, November 21st. Regional Management’s payout ratio is currently 50.42%.

Analyst Upgrades and Downgrades

Separately, Stephens began coverage on Regional Management in a research report on Wednesday, November 13th. They issued an “overweight” rating and a $38.00 price objective for the company.

Institutional Trading of Regional Management

Institutional investors have recently bought and sold shares of the company. Tieton Capital Management LLC boosted its position in shares of Regional Management by 94.1% in the 2nd quarter. Tieton Capital Management LLC now owns 207,390 shares of the credit services provider’s stock worth $5,960,000 after buying an additional 100,560 shares in the last quarter. Waterfall Asset Management LLC acquired a new stake in shares of Regional Management in the second quarter valued at approximately $632,000. American Century Companies Inc. increased its stake in shares of Regional Management by 18.5% during the 2nd quarter. American Century Companies Inc. now owns 106,773 shares of the credit services provider’s stock worth $3,069,000 after purchasing an additional 16,683 shares in the last quarter. Marshall Wace LLP acquired a new position in shares of Regional Management during the 2nd quarter worth approximately $366,000. Finally, GSA Capital Partners LLP purchased a new stake in Regional Management in the 3rd quarter valued at approximately $338,000. 98.89% of the stock is currently owned by hedge funds and other institutional investors.

Regional Management Company Profile

Regional Management Corp., a diversified consumer finance company, provides various installment loan products primarily to customers with limited access to consumer credit from banks, thrifts, credit card companies, and other lenders in the United States. It offers small and large installment loans; and retail loans to finance the purchase of furniture, appliances, and other retail products.