Regional Management Corp. (NYSE:RM) Major Shareholder Fund L.P. Forager Sells 6,265 Shares

Regional Management Corp. (NYSE:RM) major shareholder Fund L.P. Forager sold 6,265 shares of the company’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $33.46, for a total transaction of $209,626.90. Following the completion of the transaction, the insider now owns 1,054,205 shares in the company, valued at approximately $35,273,699.30. This represents a 0.59 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Large shareholders that own at least 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 Thursday, January 2nd, Fund L.P. Forager sold 5,300 shares of Regional Management stock. The shares were sold at an average price of $33.50, for a total value of $177,550.00.

Regional Management Trading Down 0.9 %

Shares of NYSE:RM opened at $33.00 on Wednesday. Regional Management Corp. has a 52 week low of $20.50 and a 52 week high of $35.24. The company’s 50 day moving average is $31.91 and its two-hundred day moving average is $31.11. The company has a market cap of $335.38 million, a PE ratio of 13.87 and a beta of 1.50. The company has a current ratio of 44.42, a quick ratio of 44.42 and a debt-to-equity ratio of 3.94.

Regional Management Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 11th. Stockholders of record on Thursday, November 21st were given a dividend of $0.30 per share. The ex-dividend date was Thursday, November 21st. This represents a $1.20 annualized dividend and a dividend yield of 3.64%. Regional Management’s dividend payout ratio is currently 50.42%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in RM. Rhumbline Advisers boosted its holdings in Regional Management by 3.9% in the second quarter. Rhumbline Advisers now owns 12,430 shares of the credit services provider’s stock valued at $357,000 after purchasing an additional 463 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Regional Management by 15.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,233 shares of the credit services provider’s stock worth $138,000 after buying an additional 572 shares during the last quarter. State Street Corp boosted its holdings in shares of Regional Management by 0.6% in the 3rd quarter. State Street Corp now owns 152,572 shares of the credit services provider’s stock valued at $4,991,000 after buying an additional 971 shares in the last quarter. Renaissance Technologies LLC grew its position in shares of Regional Management by 0.9% in the 2nd quarter. Renaissance Technologies LLC now owns 201,537 shares of the credit services provider’s stock valued at $5,792,000 after buying an additional 1,800 shares during the last quarter. Finally, Empowered Funds LLC raised its stake in Regional Management by 5.1% during the 3rd quarter. Empowered Funds LLC now owns 41,649 shares of the credit services provider’s stock worth $1,362,000 after acquiring an additional 2,010 shares in the last quarter. Hedge funds and other institutional investors own 98.89% of the company’s stock.

Analyst Ratings Changes

Separately, Stephens initiated coverage on Regional Management in a research report on Wednesday, November 13th. They issued an “overweight” rating and a $38.00 target price for the company.

Regional Management Company Profile

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.