Fund L.P. Forager Sells 15,000 Shares of Regional Management (NYSE:RM) Stock

Regional Management Corp. (NYSE:RM) major shareholder Fund L.P. Forager sold 15,000 shares of the company’s stock in a transaction on Monday, April 20th. The stock was sold at an average price of $39.68, for a total value of $595,200.00. Following the sale, the insider owned 959,263 shares of the company’s stock, valued at approximately $38,063,555.84. The trade was a 1.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Fund L.P. Forager also recently made the following trade(s):

• On Tuesday, April 21st, Fund L.P. Forager sold 5,788 shares of Regional Management stock. The stock was sold at an average price of $40.18, for a total value of $232,561.84.
• On Friday, April 17th, Fund L.P. Forager sold 7,173 shares of Regional Management stock. The stock was sold at an average price of $38.56, for a total value of $276,590.88.
• On Thursday, April 16th, Fund L.P. Forager sold 12,827 shares of Regional Management stock. The stock was sold at an average price of $38.48, for a total value of $493,582.96.
• On Wednesday, April 15th, Fund L.P. Forager sold 17,602 shares of Regional Management stock. The stock was sold at an average price of $38.06, for a total value of $669,932.12.
• On Tuesday, April 14th, Fund L.P. Forager sold 7,398 shares of Regional Management stock. The stock was sold at an average price of $38.02, for a total value of $281,271.96.

Regional Management Trading Down 3.9%

Shares of RM stock traded down $1.54 on Tuesday, reaching $38.23. 49,123 shares of the stock were exchanged, compared to its average volume of 60,168. The stock has a market cap of $356.64 million, a P/E ratio of 8.59 and a beta of 1.03. The company has a quick ratio of 49.92, a current ratio of 49.92 and a debt-to-equity ratio of 4.40. The firm has a 50 day moving average of $33.72 and a two-hundred day moving average of $36.74. Regional Management Corp. has a 1-year low of $26.06 and a 1-year high of $46.00.

Regional Management (NYSE:RM) last announced its quarterly earnings results on Wednesday, February 4th. The credit services provider reported $1.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.23 by $0.07. Regional Management had a return on equity of 12.12% and a net margin of 6.88%.The firm had revenue of ($165.49) million during the quarter, compared to the consensus estimate of $167.90 million.

Regional Management Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 12th. Investors of record on Thursday, February 19th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 3.1%. The ex-dividend date was Thursday, February 19th. Regional Management’s dividend payout ratio is currently 26.97%.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Zacks Research upgraded Regional Management from a “strong sell” rating to a “hold” rating in a report on Monday, January 5th. Wall Street Zen downgraded Regional Management from a “strong-buy” rating to a “buy” rating in a report on Saturday, February 7th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Regional Management in a report on Monday, December 29th. Three investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $30.00.

Institutional Trading of Regional Management

Large investors have recently modified their holdings of the business. State of Alaska Department of Revenue acquired a new stake in shares of Regional Management during the fourth quarter valued at about $25,000. Wexford Capital LP acquired a new stake in shares of Regional Management during the third quarter valued at about $32,000. Advisory Services Network LLC acquired a new stake in shares of Regional Management during the third quarter valued at about $39,000. CWM LLC grew its stake in shares of Regional Management by 43.7% during the third 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 in the last quarter. Finally, Kestra Advisory Services LLC acquired a new stake in shares of Regional Management during the fourth quarter valued at about $49,000. 98.89% of the stock is currently owned by institutional investors and hedge funds.

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.