Fund L.P. Forager Sells 300 Shares of Regional Management (NYSE:RM) Stock

Regional Management Corp. (NYSE:RM) major shareholder Fund L.P. Forager sold 300 shares of the business’s stock in a transaction that occurred on Wednesday, January 7th. The shares were sold at an average price of $39.05, for a total value of $11,715.00. Following the completion of the sale, the insider owned 1,060,427 shares in the company, valued at $41,409,674.35. The trade was a 0.03% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Fund L.P. Forager also recently made the following trade(s):

• On Friday, January 9th, Fund L.P. Forager sold 21,561 shares of Regional Management stock. The stock was sold at an average price of $38.96, for a total transaction of $840,016.56.
• On Thursday, January 8th, Fund L.P. Forager sold 18,294 shares of Regional Management stock. The stock was sold at an average price of $38.79, for a total transaction of $709,624.26.
• 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 transaction 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 transaction 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 Price Performance

Regional Management stock opened at $39.15 on Friday. The company has a market cap of $380.24 million, a price-to-earnings ratio of 9.48 and a beta of 1.07. The firm has a 50-day moving average of $38.49 and a 200-day moving average of $37.98. Regional Management Corp. has a one year low of $25.41 and a one year high of $46.00.

Regional Management (NYSE:RM) last released 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 business had revenue of $165.49 million for the quarter, compared to analyst estimates of $162.84 million. Regional Management had a return on equity of 11.43% and a net margin of 6.57%. As a group, sell-side analysts expect that Regional Management Corp. will post 4.7 earnings per share for the current year.

Regional Management Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 16th. Investors of record on Tuesday, November 25th were paid a $0.30 dividend. The ex-dividend date of this dividend was Tuesday, November 25th. This represents a $1.20 annualized dividend and a dividend yield of 3.1%. Regional Management’s dividend payout ratio (DPR) is currently 29.06%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on RM. Weiss Ratings reiterated a “hold (c+)” rating on shares of Regional Management in a research note on Monday, December 29th. Wall Street Zen raised shares of Regional Management from a “buy” rating to a “strong-buy” rating in a report on Saturday, January 3rd. Finally, Zacks Research upgraded shares of Regional Management from a “strong sell” rating to a “hold” rating in a research note on Monday, January 5th. Three research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $30.00.

Institutional Trading of Regional Management

A number of hedge funds have recently modified their holdings of RM. 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 buying an additional 186,072 shares during the last quarter. Basswood Capital Management L.L.C. grew its position in shares of Regional Management by 0.4% in 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 during the last quarter. Tieton Capital Management LLC increased its stake in shares of Regional Management by 18.6% during the second quarter. Tieton Capital Management LLC now owns 295,081 shares of the credit services provider’s stock worth $8,619,000 after purchasing an additional 46,380 shares during the period. Geode Capital Management LLC lifted its holdings in Regional Management by 6.4% during the 2nd 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 during the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in Regional Management by 45.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 194,374 shares of the credit services provider’s stock valued at $5,853,000 after purchasing an additional 60,744 shares during the period. Institutional investors and hedge funds own 98.89% of the company’s stock.

About Regional Management

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.