Insider Selling: Regional Management Corp. (NYSE:RM) Major Shareholder Sells 6,265 Shares of Stock

Regional Management Corp. (NYSE:RM) major shareholder Fund L.P. Forager sold 6,265 shares of the business’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $33.46, for a total transaction of $209,626.90. Following the transaction, the insider now directly owns 1,054,205 shares in the company, valued at approximately $35,273,699.30. The trade was a 0.59 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Large 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 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 transaction of $177,550.00.

Regional Management Stock Down 1.9 %

RM stock traded down $0.65 during trading on Monday, hitting $33.25. 46,942 shares of the stock traded hands, compared to its average volume of 51,247. The stock has a market cap of $337.92 million, a price-to-earnings ratio of 13.97 and a beta of 1.50. The company has a debt-to-equity ratio of 3.94, a current ratio of 44.42 and a quick ratio of 44.42. The firm’s 50 day moving average is $31.75 and its two-hundred day moving average is $31.03. Regional Management Corp. has a 1 year low of $20.50 and a 1 year high of $35.24.

Regional Management Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 11th. Stockholders of record on Thursday, November 21st were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 3.61%. The ex-dividend date of this dividend was Thursday, November 21st. Regional Management’s dividend payout ratio (DPR) is presently 50.42%.

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On Regional Management

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its position in shares of Regional Management by 15.6% during the third quarter. JPMorgan Chase & Co. now owns 4,233 shares of the credit services provider’s stock worth $138,000 after acquiring an additional 572 shares during the last quarter. Barclays PLC increased its stake in Regional Management by 73.4% in the third quarter. Barclays PLC now owns 23,416 shares of the credit services provider’s stock worth $766,000 after purchasing an additional 9,910 shares during the period. Geode Capital Management LLC lifted its holdings in Regional Management by 3.4% during the 3rd quarter. Geode Capital Management LLC now owns 191,823 shares of the credit services provider’s stock valued at $6,276,000 after buying an additional 6,288 shares in the last quarter. State Street Corp boosted its holdings in shares of 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 purchasing an additional 971 shares during the period. Finally, PDT Partners LLC purchased a new position in Regional Management during the 3rd quarter valued at about $213,000. Institutional investors own 98.89% of the company’s stock.

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.