Regional Management Corp. (NYSE:RM) Major Shareholder Fund L.P. Forager Sells 21,805 Shares

Regional Management Corp. (NYSE:RM) major shareholder Fund L.P. Forager sold 21,805 shares of the company’s stock in a transaction on Monday, January 13th. The stock was sold at an average price of $32.17, for a total value of $701,466.85. Following the sale, the insider now directly owns 1,021,216 shares in the company, valued at $32,852,518.72. This represents a 2.09 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Major shareholders that own 10% or more 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 Wednesday, January 15th, Fund L.P. Forager sold 16,219 shares of Regional Management stock. The stock was sold at an average price of $34.21, for a total value of $554,851.99.
• On Friday, January 10th, Fund L.P. Forager sold 597 shares of Regional Management stock. The stock was sold at an average price of $32.23, for a total value of $19,241.31.
• On Wednesday, January 8th, Fund L.P. Forager sold 7,555 shares of Regional Management stock. The shares were 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 transaction of $209,626.90.
• On Thursday, January 2nd, Fund L.P. Forager sold 5,300 shares of Regional Management stock. The shares were sold at an average price of $33.50, for a total value of $177,550.00.

Regional Management Stock Performance

Shares of RM stock opened at $34.43 on Thursday. Regional Management Corp. has a 1 year low of $20.50 and a 1 year high of $35.24. The company has a debt-to-equity ratio of 3.94, a quick ratio of 44.42 and a current ratio of 44.42. The firm has a market cap of $349.81 million, a price-to-earnings ratio of 14.47 and a beta of 1.50. The stock’s 50-day moving average is $32.26 and its two-hundred day moving average is $31.30.

Regional Management Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 11th. Stockholders of record on Thursday, November 21st were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 3.49%. The ex-dividend date of this dividend was Thursday, November 21st. Regional Management’s payout ratio is currently 50.42%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Tieton Capital Management LLC grew its stake in shares of Regional Management by 94.1% during the 2nd quarter. Tieton Capital Management LLC now owns 207,390 shares of the credit services provider’s stock worth $5,960,000 after purchasing an additional 100,560 shares during the period. Renaissance Technologies LLC boosted its holdings in Regional Management by 0.9% during the second quarter. Renaissance Technologies LLC now owns 201,537 shares of the credit services provider’s stock worth $5,792,000 after buying an additional 1,800 shares in the last quarter. Geode Capital Management LLC grew its position in Regional Management by 3.4% during the third quarter. Geode Capital Management LLC now owns 191,823 shares of the credit services provider’s stock worth $6,276,000 after buying an additional 6,288 shares during the period. State Street Corp increased its holdings in Regional Management by 0.6% in the third quarter. State Street Corp now owns 152,572 shares of the credit services provider’s stock valued at $4,991,000 after buying an additional 971 shares in the last quarter. Finally, American Century Companies Inc. increased its holdings in Regional Management by 18.5% in the second quarter. American Century Companies Inc. now owns 106,773 shares of the credit services provider’s stock valued at $3,069,000 after buying an additional 16,683 shares in the last quarter. 98.89% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

About Regional Management

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.