Regional Management Corp. (NYSE:RM) Major Shareholder Sells $701,466.85 in Stock

Regional Management Corp. (NYSE:RM) major shareholder Fund L.P. Forager sold 21,805 shares of the stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $32.17, for a total transaction of $701,466.85. Following the completion of the sale, the insider now owns 1,021,216 shares in the company, valued at $32,852,518.72. This represents a 2.09 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Major shareholders that own more than 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 Wednesday, January 15th, Fund L.P. Forager sold 16,219 shares of Regional Management stock. The shares were sold at an average price of $34.21, for a total value of $554,851.99.
• On Friday, January 10th, Fund L.P. Forager sold 597 shares of Regional Management stock. The stock was sold at an average price of $32.23, for a total value of $19,241.31.
• 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 transaction 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 Stock Up 3.5 %

Shares of NYSE:RM opened at $34.43 on Thursday. The company has a current ratio of 44.42, a quick ratio of 44.42 and a debt-to-equity ratio of 3.94. The firm has a market cap of $349.81 million, a price-to-earnings ratio of 14.47 and a beta of 1.50. The stock’s 50-day moving average price is $32.26 and its two-hundred day moving average price is $31.30. Regional Management Corp. has a 12-month low of $20.50 and a 12-month high of $35.24.

Regional Management Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 11th. Investors of record on Thursday, November 21st were given a $0.30 dividend. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $1.20 annualized dividend and a dividend yield of 3.49%. Regional Management’s dividend payout ratio is presently 50.42%.

Analysts Set New Price Targets

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

Institutional Investors Weigh In On Regional Management

Institutional investors have recently bought and sold shares of the stock. Rhumbline Advisers boosted its holdings in shares of Regional Management by 3.9% in the 2nd 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 during the last quarter. JPMorgan Chase & Co. raised its position in shares of Regional Management by 15.6% in 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 period. State Street Corp boosted its holdings in Regional Management by 0.6% in the third quarter. State Street Corp now owns 152,572 shares of the credit services provider’s stock valued at $4,991,000 after acquiring an additional 971 shares during the last quarter. Renaissance Technologies LLC grew its position in Regional Management by 0.9% during the second quarter. Renaissance Technologies LLC now owns 201,537 shares of the credit services provider’s stock valued at $5,792,000 after acquiring an additional 1,800 shares during the period. Finally, Empowered Funds LLC increased its stake in Regional Management by 5.1% during the third 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 during the last quarter. 98.89% of the stock is currently owned by hedge funds and other institutional investors.

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.