Regional Management (NYSE:RM) Major Shareholder Sells 21,561 Shares

Regional Management Corp. (NYSE:RM) major shareholder Fund L.P. Forager sold 21,561 shares of the firm’s stock in a transaction on Friday, January 9th. The stock was sold at an average price of $38.96, for a total value of $840,016.56. Following the completion of the transaction, the insider owned 1,020,572 shares of the company’s stock, valued at $39,761,485.12. This trade represents a 2.07% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 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 Thursday, January 8th, Fund L.P. Forager sold 18,294 shares of Regional Management stock. The shares were sold at an average price of $38.79, for a total value of $709,624.26.
• On Wednesday, January 7th, Fund L.P. Forager sold 300 shares of Regional Management stock. The stock was sold at an average price of $39.05, for a total value 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 transaction of $310,194.24.

Regional Management Trading Up 0.4%

NYSE RM traded up $0.15 on Friday, hitting $39.15. 64,904 shares of the company’s stock traded hands, compared to its average volume of 46,281. The firm’s 50-day moving average price is $38.49 and its two-hundred day moving average price is $37.91. The firm has a market capitalization of $380.13 million, a PE ratio of 9.48 and a beta of 1.07. Regional Management Corp. has a 1-year low of $25.41 and a 1-year high of $46.00.

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

Regional Management Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 16th. Stockholders of record on Tuesday, November 25th were paid a $0.30 dividend. The ex-dividend date was Tuesday, November 25th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.1%. Regional Management’s dividend payout ratio is presently 29.06%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Forager Capital Management LLC grew its stake in Regional Management by 20.7% in 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 period. Basswood Capital Management L.L.C. lifted its holdings in Regional Management by 0.4% during the second quarter. Basswood Capital Management L.L.C. now owns 1,024,310 shares of the credit services provider’s stock valued at $29,920,000 after purchasing an additional 4,491 shares in the last quarter. Tieton Capital Management LLC grew its position in shares of Regional Management by 18.6% in the second 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 during the period. Geode Capital Management LLC increased its stake 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 in the last quarter. Finally, Goldman Sachs Group Inc. increased its stake 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 in the last quarter. Hedge funds and other institutional investors own 98.89% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on RM shares. Zacks Research upgraded Regional Management from a “strong sell” rating to a “hold” rating in a research report on Monday. Weiss Ratings reiterated a “hold (c+)” rating on shares of Regional Management in a research note on Monday, December 29th. Finally, Wall Street Zen upgraded shares of Regional Management from a “buy” rating to a “strong-buy” rating in a research report on Saturday, January 3rd. Three research analysts have rated the stock with a Hold rating, According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $30.00.

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.