Fund L.P. Forager Sells 500 Shares of Regional Management (NYSE:RM) Stock

Regional Management Corp. (NYSE:RM) major shareholder Fund L.P. Forager sold 500 shares of the stock in a transaction on Monday, January 12th. The shares were sold at an average price of $39.25, for a total value of $19,625.00. Following the sale, the insider owned 1,020,072 shares in the company, valued at approximately $40,037,826. This trade represents a 0.05% 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 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

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

• On Tuesday, January 13th, Fund L.P. Forager sold 809 shares of Regional Management stock. The shares were sold at an average price of $38.62, for a total transaction of $31,243.58.
• On Friday, January 9th, Fund L.P. Forager sold 21,561 shares of Regional Management stock. The stock was sold at an average price of $38.96, for a total transaction of $840,016.56.
• On Thursday, January 8th, Fund L.P. Forager sold 18,294 shares of Regional Management stock. The stock was sold at an average price of $38.79, for a total transaction of $709,624.26.
• On Wednesday, January 7th, Fund L.P. Forager sold 300 shares of Regional Management stock. The shares were sold at an average price of $39.05, for a total transaction of $11,715.00.
• On Tuesday, January 6th, Fund L.P. Forager sold 7,576 shares of Regional Management stock. The stock was sold at an average price of $38.88, for a total value of $294,554.88.
• On Monday, January 5th, Fund L.P. Forager sold 8,827 shares of Regional Management stock. The shares were sold at an average price of $40.09, for a total value of $353,874.43.
• On Friday, January 2nd, Fund L.P. Forager sold 7,968 shares of Regional Management stock. The stock was sold at an average price of $38.93, for a total value of $310,194.24.

Regional Management Price Performance

NYSE:RM traded down $0.44 during mid-day trading on Wednesday, reaching $37.97. The company’s stock had a trading volume of 47,147 shares, compared to its average volume of 45,837. The stock has a market cap of $368.64 million, a P/E ratio of 9.19 and a beta of 1.07. The company’s fifty day simple moving average is $38.37 and its two-hundred day simple moving average is $38.16. Regional Management Corp. has a twelve month low of $25.41 and a twelve month high of $46.00.

Regional Management (NYSE:RM) last released its earnings results on Wednesday, November 5th. The credit services provider reported $1.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.39 by $0.03. The firm had revenue of $165.49 million during the quarter, compared to the consensus estimate of $162.84 million. Regional Management had a net margin of 6.57% and a return on equity of 11.43%. Sell-side analysts expect that Regional Management Corp. will post 4.7 EPS for the current fiscal year.

Regional Management Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 16th. Stockholders of record on Tuesday, November 25th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date was Tuesday, November 25th. Regional Management’s dividend payout ratio (DPR) is 29.06%.

Wall Street Analysts Forecast Growth

RM has been the topic of a number of recent research reports. Wall Street Zen raised shares of Regional Management from a “buy” rating to a “strong-buy” rating in a research report on Saturday, January 3rd. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Regional Management in a research report on Monday, December 29th. Finally, Zacks Research raised Regional Management from a “strong sell” rating to a “hold” rating in a research report on Monday, January 5th. Three analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $30.00.

Institutional Trading of Regional Management

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Forager Capital Management LLC boosted its stake in Regional Management by 20.7% during the 2nd quarter. Forager Capital Management LLC now owns 1,085,098 shares of the credit services provider’s stock valued at $31,696,000 after acquiring an additional 186,072 shares during the last quarter. Basswood Capital Management L.L.C. increased its position in shares of Regional Management by 0.4% in the 2nd quarter. Basswood Capital Management L.L.C. now owns 1,024,310 shares of the credit services provider’s stock worth $29,920,000 after purchasing an additional 4,491 shares during the last quarter. Tieton Capital Management LLC raised its stake in shares of Regional Management by 18.6% in the 2nd quarter. Tieton Capital Management LLC now owns 295,081 shares of the credit services provider’s stock valued at $8,619,000 after purchasing an additional 46,380 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Regional Management by 6.4% during the second quarter. Geode Capital Management LLC now owns 211,734 shares of the credit services provider’s stock worth $6,186,000 after purchasing an additional 12,740 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in shares of Regional Management by 45.5% during the first quarter. Goldman Sachs Group Inc. now owns 194,374 shares of the credit services provider’s stock worth $5,853,000 after purchasing an additional 60,744 shares during the last quarter. Institutional investors own 98.89% of the company’s stock.

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.