Regional Management Corp. (NYSE:RM) Major Shareholder Sells $19,241.31 in Stock

Regional Management Corp. (NYSE:RM) major shareholder Fund L.P. Forager sold 597 shares of the company’s stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $32.23, for a total transaction of $19,241.31. Following the transaction, the insider now directly owns 1,043,021 shares in the company, valued at $33,616,566.83. The trade was a 0.06 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Large shareholders that own more than 10% 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 Wednesday, January 8th, Fund L.P. Forager sold 7,555 shares of Regional Management stock. The shares were sold at an average price of $32.80, for a total value of $247,804.00.
• On Monday, January 6th, Fund L.P. Forager sold 6,265 shares of Regional Management stock. The shares were sold at an average price of $33.46, for a total value of $209,626.90.
• On Thursday, January 2nd, Fund L.P. Forager sold 5,300 shares of Regional Management stock. The stock was sold at an average price of $33.50, for a total transaction of $177,550.00.

Regional Management Trading Down 3.8 %

Shares of RM stock opened at $31.53 on Friday. The company has a quick ratio of 44.42, a current ratio of 44.42 and a debt-to-equity ratio of 3.94. Regional Management Corp. has a fifty-two week low of $20.50 and a fifty-two week high of $35.24. The firm’s 50 day moving average price is $32.07 and its two-hundred day moving average price is $31.14. The stock has a market cap of $320.44 million, a price-to-earnings ratio of 13.25 and a beta of 1.50.

Regional Management Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 11th. Shareholders of record on Thursday, November 21st were given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 3.81%. The ex-dividend date was Thursday, November 21st. Regional Management’s dividend payout ratio (DPR) is presently 50.42%.

Wall Street Analyst Weigh In

Separately, Stephens assumed coverage on shares of Regional Management in a research note on Wednesday, November 13th. They set an “overweight” rating and a $38.00 price target on the stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. SG Americas Securities LLC purchased a new stake in shares of Regional Management during the 3rd quarter valued at about $105,000. JPMorgan Chase & Co. lifted 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 purchasing an additional 572 shares in the last quarter. Summit Global Investments purchased a new position in shares of Regional Management in the third quarter valued at $209,000. PDT Partners LLC acquired a new stake in Regional Management during the 3rd quarter valued at $213,000. Finally, Hancock Whitney Corp acquired a new position in Regional Management in the 2nd quarter worth $234,000. Institutional investors and hedge funds own 98.89% of the company’s stock.

About Regional Management

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.