Regional Management (NYSE:RM) Major Shareholder Fund L.P. Forager Sells 9,857 Shares of Stock

Regional Management Corp. (NYSE:RM) major shareholder Fund L.P. Forager sold 9,857 shares of the company’s stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $32.26, for a total value of $317,986.82. Following the completion of the sale, the insider directly owned 938,601 shares of the company’s stock, valued at $30,279,268.26. The trade was a 1.04% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Large shareholders that own at least 10% 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 Thursday, September 17th, Fund L.P. Forager sold 10,401 shares of Regional Management stock. The shares were sold at an average price of $32.22, for a total value of $335,120.22.
• On Wednesday, September 16th, Fund L.P. Forager sold 9,064 shares of Regional Management stock. The stock was sold at an average price of $32.19, for a total value of $291,770.16.

Regional Management Stock Up 0.1%

NYSE RM opened at $32.14 on Friday. The stock has a market cap of $296.66 million, a PE ratio of 6.77 and a beta of 1.00. Regional Management Corp. has a fifty-two week low of $30.46 and a fifty-two week high of $46.00. The business has a 50 day moving average price of $35.60 and a two-hundred day moving average price of $35.82. The company has a quick ratio of 64.04, a current ratio of 64.04 and a debt-to-equity ratio of 4.41.

Regional Management (NYSE:RM) last posted its quarterly earnings data on Wednesday, July 29th. The credit services provider reported $0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.04. The company had revenue of $168.01 million for the quarter, compared to analyst estimates of $165.69 million. Regional Management had a net margin of 6.98% and a return on equity of 12.49%.

Regional Management Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 16th. Investors of record on Wednesday, August 19th were paid a dividend of $0.30 per share. The ex-dividend date was Wednesday, August 19th. This represents a $1.20 annualized dividend and a yield of 3.7%. Regional Management’s dividend payout ratio (DPR) is 25.26%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Legal & General Group Plc acquired a new stake in Regional Management in the second quarter worth about $33,000. Algert Global LLC purchased a new stake in shares of Regional Management in the second quarter valued at $209,000. R Squared Ltd purchased a new stake in Regional Management in the 1st quarter worth about $212,000. Susquehanna Fundamental Investments LLC acquired a new stake in shares of Regional Management during the second quarter worth approximately $266,000. Finally, Canada Pension Plan Investment Board acquired a new stake in shares of Regional Management during the 2nd quarter valued at $284,000. 98.89% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have weighed in on RM shares. Citigroup reissued a “market outperform” rating on shares of Regional Management in a report on Thursday, July 30th. Weiss Ratings downgraded shares of Regional Management from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, August 7th. Citizens Jmp cut their target price on shares of Regional Management from $45.00 to $43.00 and set a “market outperform” rating on the stock in a report on Thursday, July 30th. Finally, Wall Street Zen lowered Regional Management from a “buy” rating to a “hold” rating in a report on Sunday, August 9th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Regional Management presently has a consensus rating of “Moderate Buy” and a consensus price target of $43.00.

Regional Management Company Profile

Regional Management Corp. is a specialty consumer finance company that provides credit products to customers who may have limited access to traditional bank financing. The company operates primarily through its Regional Finance branch network and focuses on serving non-prime consumers.

Its principal products include small and large installment loans, generally used for personal, household and other consumer purposes. Regional Management may also offer optional credit-related insurance and ancillary products in connection with its loans, subject to applicable laws and regulations.

Founded in 1987 and headquartered in Greer, South Carolina, the company serves customers across a network of branches concentrated in the southeastern and southwestern United States.