Fund L.P. Forager Sells 7,555 Shares of Regional Management Corp. (NYSE:RM) Stock

Regional Management Corp. (NYSE:RM) major shareholder Fund L.P. Forager sold 7,555 shares of Regional Management stock in a transaction dated Wednesday, January 8th. The stock was sold at an average price of $32.80, for a total value of $247,804.00. Following the sale, the insider now owns 1,043,618 shares of the company’s stock, valued at approximately $34,230,670.40. This represents a 0.72 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Large shareholders that own more than 10% 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 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 transaction of $19,241.31.
• 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 stock was sold at an average price of $33.50, for a total transaction of $177,550.00.

Regional Management Trading Down 3.8 %

Shares of RM stock opened at $31.53 on Friday. The firm’s 50-day simple moving average is $32.13 and its 200-day simple moving average is $31.20. The company has a debt-to-equity ratio of 3.94, a current ratio of 44.42 and a quick ratio of 44.42. Regional Management Corp. has a 1-year low of $20.50 and a 1-year high of $35.24. The firm has a market cap of $320.44 million, a P/E ratio of 13.25 and a beta of 1.50.

Regional Management Dividend Announcement

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

Institutional Trading of Regional Management

Several institutional investors have recently made changes to their positions in RM. Tieton Capital Management LLC increased its position in 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 in the last quarter. Waterfall Asset Management LLC acquired a new stake in shares of Regional Management in the second quarter worth $632,000. American Century Companies Inc. raised its stake in shares of Regional Management by 18.5% in the 2nd quarter. American Century Companies Inc. now owns 106,773 shares of the credit services provider’s stock valued at $3,069,000 after acquiring an additional 16,683 shares during the period. Marshall Wace LLP acquired a new position in shares of Regional Management during the 2nd quarter valued at $366,000. Finally, GSA Capital Partners LLP purchased a new stake in Regional Management during the 3rd quarter worth $338,000. 98.89% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Stephens started coverage on Regional Management in a research note on Wednesday, November 13th. They set an “overweight” rating and a $38.00 price target 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.